Automobile sales rebound in May

11:20 | 14/06/2017 Car & Motor

As many as 23,232 cars were sold in May, up 6 percent from the previous month, according to the Vietnam Automobile Manufacturers’ Association on June 7.

Mazda is among five best-sellers in May — Photo vneconomy.vn

During the month, sales of tourist cars rose 20 percent to 12,915 units, while the sales of commercial vehicles fell 6 per cent to 9,005 units. The sales of specialised vehicles plummeted 22 per cent to 1,312 units.

While domestically assembled cars saw a rise of only 1 percent in sales to 16,656 vehicles, imported car sales shot up 20 percent from the previous month to 6,576 units.

The increase was attributed to big discounts offered from renowned carmakers such as Hyundai Thanh Cong, Truong Hai JSC (Thaco) Toyota, Honda, and Nissan Vietnam.

Thaco led the market with a total sale of 8,263 units, accounting for 37.9 percent of the market share. It was followed by Toyota Vietnam with 5,151 units, making up 23.9 percent, and Ford Vietnam with 2,451 units, or 11 percent.

In the first five months of 2017, the total automobile revenue dropped 1 percent year on year. The sales of tourist cars climbed 6 percent while those of commercial and specialised vehicles fell 9 percent and 19 percent, respectively.

While the sales of domestically assembled vehicles decreased 7 percent, the number of imported cars surged 16 percent year on year.

Theo VNS