The Vietnam Automobile Manufacturers’ Association (VAMA) reported a year-on-year rise of 10 percent in automobile sales with over 9,500 cars sold by VAMA’s members in August, mostly in small and multi-purpose vehicles. There was a drop of 24 percent in commercial vehicles compared to the same period last year, with 3,164 cars sold in August. [...]
Viet Nam Automobile Manufacturers’ Association members sold nearly 9.520 autos last month, an increase of 10 per cent over the same period last year. Of the total sales, 4,201 were passenger cars, a year-on-year increase of 54 per cent, followed by sports utility vehicles/multiple purpose vehicles with 2,153 units purchased, up by 21 per cent. [...]
Despite economic uncertainty and runaway inflation forcing consumers to spend less, local manufacturers and distributors of luxury vehicles have reported strong sales growth. Mercedes-Benz Vietnam has seen steady business growth. In particular, it had recorded a total sales volume of 1,500 units in the year to end-July, with car sales expanding 25% year-on-year to 1,100 [...]
Domestic auto sales reached around 7,600 units in June, dropping by 25 per cent compared to the same month last year, according to the Vietnam Automobile Manufacturers’ Association (VAMA). Sport-utility, multi-purpose and crossover vehicles (SUV/MPV/Cross-over) suffered the strongest declines in sales with only 1,390 units sold, a slump of 40 per cent, while commercial vehicle [...]
Luxury cars are increasingly irresistible for many Vietnamese, say industry players who report rising sales even as daily life becomes harder for the majority struggling to cope with one of the world’s highest rates of inflation. Audi’s A6, launched at the Vietnam Auto Expo last month, costs almost $142,000 — which would take the average [...]
With modest car ownership rates, Vietnam’s car market offers multiple opportunities for development. There were 1.6 million automobiles in circulation in Vietnam as of December 31, 2010, up 110,000 units or 7.5 per cent against 2009, according to Ministry of Industry and Trade (MoIT) figures. Automobile growth in Vietnam averaged 12.8 per cent, per year [...]
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