2018 monthly car sales highest in October

Duties of up to 150 percent are making people think twice about life in the fast lane.

The government tries to curb imports of second-hand automobiles to encourage the use of new, energy-efficient vehicles.

New special consumption tax rates came into effect from July 1.

Vietnam’s car market has seen growth in imported car sales contrary to a fall in the number of locally built-up products with changes to a special consumption tax about to kick in.

April’s car sales in Vietnam saw an on-year increase of 42 percent to touch more than 25,000 units, said the Vietnam Automobile Manufacturers’ Association.

Car makers in Vietnam boosted sales to an all-time high of almost 245,000 units in 2015, up 55 percent year on year, according to data from the Vietnam Automobile Manufacturers’ Association.