July auto sales 2nd highest for year

By Dat Nguyen   August 15, 2023 | 03:30 am PT
Auto sales jumped to 24,687 units in July, the second highest monthly number this year behind only March.

The Vietnam Automobile Manufacturers Association (VAMA), which provided the data - excluding TC Motor and VinFast sales - said however sales were down 18.4% year-on-year.

The auto market has been going through a rough year amid low economic growth, with sales plummeting by 30% year-on-year in the first seven months to 162,000 units.

Thaco led with over 8,400 vehicles sold, down only 3.3%.

Toyota sold 3,800 cars, a 31% decline.

Ford bucked the trend, doubling sales to 3,150 units.

Mitsubishi and Honda rounded off the top five.

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