Car sales in Vietnam increased by 31%

Of the total sales, passenger car sales reached 16,327 units, up 9%; commercial vehicle sales reached 9,117 units, up 21% and special-purpose vehicle sales reached 1,107 units, up 15% compared to the previous month.

In terms of vehicle origin, the output of domestically assembled vehicles reached 20,566 units, an increase of 17% compared to the previous month, and the number of imported vehicles was 5,985 units, approximately the same as the previous month.

In the past 9 months, total sales of the entire market reached 214,403 vehicles of all kinds, an increase of 31% over the same period last year; of which, passenger cars increased by 30%, commercial vehicles increased by 31% and specialized vehicles increased by 43%.

Popular car models in Vietnam - Internet photo

Also considering the origin of the vehicle, sales of domestically assembled vehicles increased by 29% while imported vehicles increased by 10% compared to the same period last year.

In terms of sales of VAMA member enterprises last month, Thaco still led the market with 10,104 vehicles sold, accounting for nearly 42% of the market share. In second place was Toyota with 5,110 vehicles sold, accounting for more than 21%, and in third place was Ford with 2,654 vehicles sold, accounting for 11% of the market share.

Assessing how the car market will be at the end of the year, car experts say it is difficult to predict because this depends on Circular 20, but so far the fate of this Circular has not been decided so businesses do not have any specific plans.

However, with two auto shows taking place at two ends of the country, the Vietnam Motor Show 2016, which just took place along with the Vietnam International Motorshow 2016 at the end of this month, it shows the heat of the market as businesses invest in booths, launching hundreds of car models from domestically assembled to imported, from popular to luxury to introduce to consumers nationwide.

This is also an opportunity for businesses to show off current and future new car technology, boasting about the breakthroughs of their car lines, especially under competitive pressure in different segments, some companies have discount policies to stimulate market demand, attracting customers to their side.

For example, on the eve of the recent Vietnam Auto Show, some companies have implemented incentive programs to reduce car prices or give away registration fees to customers who buy cars. Or, on the eve of the upcoming Vietnam International Auto Show 2016, the French company Renault in Vietnam has pioneered a program to reduce prices by up to 300 million VND for customers who buy cars... However, these stimulus solutions are only temporary, in the short term and consumers will benefit.

Van Xuyen/baotintuc