Vietnam May vehicle sales fall 19.3% on year, 18.6% on month

Vehicle sales in Vietnam fell 19.3% to 7,661 units in May from 9,498 units a year earlier, the second straight month of declines, industry data showed Thursday.

Sales in May fell 18.6% from April, the Vietnam Automobile Manufacturers’ Association said.

The data include sales of both domestically produced and imported cars, vans, trucks, buses, and other engine-powered road vehicles.

Government data released in May showed Vietnam imported 26,906 assembled vehicles, valued at $524 million, in the January-May period, up 46% from a year earlier by volume and 65% by value.

Imports of vehicles and vehicle parts were worth $1.339 billion in the January-May period, up 23.7% from a year earlier. – DowJones

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

Posted by VBN on Jun 10 2011. Filed under Automotive, Industry. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry