May car sales continues rising

Total car sales of 16 member companies of Vietnam Automobile Manufacturers Association (VAMA) in May reached over 9,360 units, up 7 percent year-on-year. In which, the sales of multi-specialised cars and commercial cars surged 24 and 9 percent in turn with corresponding volume of 1,846 and 5,200 vehicles.

Particularly, nearly 2,340 tourism cars were sold last month, down 6 percent against the same period of 2009.

The majority of foreign invested car firms had to suffer impacts from the reduction of the tourism car sales on business results, including Ford Vietnam, Honda Vietnam, Isuzu Vietnam, VinaStar (Mitsubishi), Mekong (Fiat, Ssangyong), and Hino. However, some remaining firms still reported a higher sales in May, such as Toyota Vietnam (+2 percent), Mercedes Benz Vietnam +14 percent, Visuco (Suzuki) +172 percent.

In the first five months, VAMA sold a total 40,220 cars, a year-on-year rise of 5 percent, in details the sales of tourism cars and commercial cars +35 percent and +6 percent, and multi-specialised cars -20 percent sharply.

General Statistic Office reported that the CBU import in May attained 4,500 units worth $78 million, jumping 1,000 units and $17 million compared to April. The total figures of Jan-May were 17,600 units and $301 million, up 2.1 percent in volume but down 2.6 percent in value against 2009.

TBKTSG

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