May auto sales inch up 6%

By VNA   June 12, 2024 | 09:52 pm PT
May auto sales inch up 6%
Vietnam’s auto sales in May increased 6% from the previous month to 25,794 units, as dealers rolled out stimulus measures to spur consumption, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Of these, the sales of passenger cars rose 6% against April to reach 18,235 while commercial vehicle deliveries grew 7% to 7,292. In the meantime, those of special-purpose vehicles contracted 4% to 267 autos.

During the five-month span, VAMA members sold a total of 108,309 autos, with the sales of domestically produced units falling 14% and imported vehicles rising 8% year-on-year.

Other brands like Audi, Jaguar Land Rover, Mercedes-Benz, Nissan, Subaru, Volkswagen, Volvo, Haval and many more refused to disclose their figures.

There were also no sale results from Vinfast as the Vietnamese automaker has announced its quarterly from August 2023 as required by the U.S. stock market.

Experts said the sales of CBUs had a better growth than those of domestic ones since the imported vehicles with a localisation rate of 40% or more are entitled to a 0% tariff under several free trade agreements that Vietnam has signed. Besides, Vietnamese dealers ran various promotional campaigns, including giving discounts, supporting registration fees and offering gift packs, helping imported units attract more buyers.

go to top