Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold more than 177,000 cars in the first eight months of the year, down 6 percent from the same time last year. (Photo: VNA)Hanoi (VNA) – Members of the Vietnam Automobile Manufacturers’Association (VAMA) sold more than 177,000 cars in the first eight months of theyear, down 6 percent from the same time last year.
Sales of tourist, commercial and specialised cars experienced respective year-on-yeardeclines of 4 percent, 7 percent and 12 percent.
Vietnamese car buyers preferred imported cars to locally assembled vehicles asthe domestically built units in the reviewed time faced a drop of 11 percent to126,984 whilst those purchased from foreign countries surged 10 percent to50,053 cars.
In August alone, automobile sales reached 22,099 cars. Local carmarker TruongHai Automobile JSC (Thaco) led the market with 6,228 units, occupying 30percent of the market share. Toyota Motor Vietnam was in the second with 5,794cars, owning 27.9 percent of the market share, followed by Ford Vietnam, whichsold 2,292 units.
Automakers continued their big promotion to trigger car sales in August. HondaVietnam cut the prices of its Civic, Accord and CR-V models by nearly 200million VND (8,800 USD). Thaco reduced tens of millions of VND for its Mazda,even for best sellers Kia Morning and Cerato. Meanwhile, Huyndai Thanh Congoffered discounts of 40-70 million VND (1,760- 3,080 USD), depending onversions.-VNA
VNA
