Auto sale down 6 percent in seven months

11:16 | 22/08/2017 Car & Motor

The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on August 8.

The total automobile sales in the first 7 months of 2017 went down 6 percent year-on-year to 154,930 units - Source: VNA

Sales of tourist, commercial and specialised cars experienced a year-on-year decline of 2 percent, 10 percent, and 18 percent, respectively.

Domestically assembled car sales in the reviewed time faced a drop of 10 percent whilst imported ones registered a yearly rise of 9 percent.

Despite promotion programmes launched in July, the sales of cars in the month still coped with a drop of 15 percent over the previous month to 20,662 units.

Sales of tourist vehicles were hit by the strongest fall of 21 percent to 11,195, while that of commercial and specialised cars plunged by 7 percent to 8,489 and 978 units, respectively.

Domestically assembled and imported cars saw a respective reduction of 14 percent and 17 percent in sales to 14,779 and 5,883 units.

It is hard for the automobile industry to grow strongly in the remaining months of this year since customers are expecting cheaper cars in 2018 when tax for some imported cars falls to zero percent.

Theo VNA