Automobile sales surge 70 percent in March

A total of 21,127 automobiles were sold in March 2018, a surge of 70 percent over the previous month, reported the Vietnam Automobile Manufacturers’ Association (VAMA) on April 10.
Automobile sales surge 70 percent in March ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – A total of 21,127 automobiles were sold in March 2018, a surgeof 70 percent over the previous month, reported the Vietnam AutomobileManufacturers’ Association (VAMA) on April 10.

The VAMArevealed that among the sold vehicles, there were 12,858 passenger cars, amonth-on-month increase of 48 percent, along with 6,949 commercial and 1,320special-purpose vehicles, up 109 percent and 222 percent, respectively.

In terms oforigin, the number of domestically assembled vehicles was 18,777 and imported automobileswere 2,350, representing rises of 76 percent and 37 percent against theprevious month.

The VAVA’smonthly report also showed that new Honda cars were introduced in the month –Jazz, CR-V, Civic and Accord – which were imported from Thailand. In the month,Honda sold 1,311 cars, up 24 percent year on year.

In thefirst three months of this year, a total of 59,558 vehicles of all kinds weresold, a drop of 8 percent from the same period last year. A fall of 4 percent wasseen in sales of passenger cars, while that of commercial and special-purposevehicles was 11 and 40 percent respectively.

The numberof domestically-assembled vehicles sold in the January-March period was 50,049,up 8 percent, while the figure of imported vehicles were 9,509, a drop of 48percent from the same period last year.

Accordingto a representative of Toyota Vietnam, affected by Decree 116/2017/ND-CP, automobileproducers did not import cars into Vietnam in March, especially cars from someASEAN countries. Meanwhile, sales of domestically-assembled vehicles boomedthanks to abundant supply and competitive prices.-VNA
VNA

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