July auto sales hit five-month low

Monthly sales have experienced a downward trend since March as the fourth Covid-19 wave forced dealers to shut down during social distancing in Hanoi and Ho Chi Minh City, according to data from Vietnam Automobile Manufacturers Association (VAMA).

But in the first seven months, sales still rose 27 percent year-on-year to over 166,500 units thanks to a surge in the first quarter.

During this period, Thaco led with over 56,900 units, up nearly 34 percent year-on-year.

Toyota followed with 32,800 units, up nearly 8 percent.

Mitsubishi, Ford and Honda make up the rest of the top five.

The best-selling model in July was the hatchback VinFast Fadil with over 2,928 units shifted, followed by Toyota Vios with 1,344 units and Ford Ranger, 1,310.