Automobile market can set new sales record

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The automobile market is expected to set a new record in sales this year with VAMA members and TC Motors selling an average nearly 32,000 cars each month in January-September.

VAMA members sold 230,334 cars in the first nine months of 2019, a year-on-year rise of 18 percent.

The Vietnam Automobile Manufacturer Association (VAMA) reported on October 10 that its members sold 230,334 cars in the first nine months of 2019, a year-on-year rise of 18 percent.

Sales of passenger cars rose by 30 percent to 168, 994 units, while that of commercial and special-purpose ones went down by 3 percent and 27 percent respectively, to 57,523 and 4,117 units, according to the VAMA.

Besides VAMA members, such brands as TC Motor, Audi, Jaguar, Land Rover, Subaru, Volkswagen and Volvo are also present in Vietnam.

TC Motor, for example, sold a total of 55,473 vehicles of all kinds in January-September.

From now to the year’s end, the automobile market is expected to see over 384,000 vehicles sold, far exceeding the figure of 2018 (nearly 290,000) and the record of 304,000 units in 2016.

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