Auto sale down 6 percent in seven months

The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units (Illustrative image. Source: VNA)

Hanoi (VNA) – The total automobilesales in the first seven months of 2017 went down 6 percent year-on-year to154,930 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reportedon August 8.

Sales of tourist, commercial and specialised carsexperienced a year-on-year decline of 2 percent, 10 percent, and 18 percent,respectively.

Domestically assembled car sales in the reviewedtime faced a drop of 10 percent whilst imported ones registered a yearly riseof 9 percent.

Despite promotion programmes launched in July,the sales of cars in the month still coped with a drop of 15 percent over theprevious month to 20,662 units.

Sales of tourist vehicles were hit by thestrongest fall of 21 percent to 11,195, while that of commercial andspecialised cars plunged by 7 percent to 8,489 and 978 units, respectively.

Domestically assembled and imported cars saw a respectivereduction of 14 percent and 17 percent in sales to 14,779 and 5,883 units.

It is hard for the automobile industry to growstrongly in the remaining months of this year since customers are expectingcheaper cars in 2018 when tax for some imported cars falls to zero percent.-VNA

VNA