Domestic car market shows recovery

After two months of decline, car market gained a recovery in September thanks to two new car models of Mercedes – Benz Vietnam.

According to Vietnam Automobile Manufacturers Association (VAMA), total domestic car sales of 17 its member firms reached 9,141 units, a slight rise of 470 ones against a month earlier.

Toyota came first with 2,629 ones sold, followed by Truong Hai with 2,190 ones, the other firms under 1,000 ones.

Domestic car firms made a sharp decline of 17 percent in September over year back, accumulative sales of domestically assembled and manufactured car output volume of 78,179 ones, decreasing by 2.195 ones or 3 percent against year back.

In the domestic car track, the sales capacity has hit unstably so far. In details, sales of domestically assembled and manufactured car sharply dropped in the period of March to July, especially in July and August.

In reality, car sales always make a drop in middle months of the year. In addition, financial changes in dollar, euro affected to the market in general, and sales price in particular meanwhile import car market gained a sharp growth.

It is said that the recovery in September was thanks to high increasing demands by the end of the year when the car manufacture firms unveil new products on Tet holiday. – Vneconomy

Tags: Vietnam automotive, Vietnam automotive industry, Vietnam autos market, Vietnam car sales