Vietnam Automobile Manufacturers’ Association reports on auto market
November was the second consecutive month that the auto market went sideways, reported the Vietnam Automobile Manufacturers’ Association (VAMA) on December 12.
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| Illustrative image (Photo: VNA) |
During the month, 27,953 vehicles were sold, nearly the same as the previous month and marking a 23% decrease year on year.
Of them, there were 22,451 passenger cars, showing a 14% increase; 5,318 commercial vehicles, down 5% and 184 special-use vehicles, up 30% month on month.
While the sales of domestically assembled vehicles reached 18,092 units, that of imported completely built-up achieved 9,861; both increasing by 10% compared to the previous month.
As of the late November, VAMA's member units sold 263,249 vehicles of all kinds, down 29% annually, with the sales of passenger cars, commercial and special-use vehicles down 31%, 16% and 57%, respectively.
Besides VAMA member units, the Vietnamese auto market also includes other automakers such as Audi, Jaguar Land Rover, Mercedes-Benz, Nissan, Subaru, Volkswagen, and Volvo, but they do not disclose business results.
Meanwhile, the Thanh Cong Group (TC Group) announced its sales of 7,980 units in November, and 56,606 in the Jan – November period.
Based on the sales reports from VAMA and TC Group, 35,933 units were sold in November, lifting the total sales in the first 11 months to 319,855.
(Source: VNA)
