Cars are selling well, while motorbikes are selling poorly.
In September, car sales increased sharply (41.7%) but motorcycle sales decreased (9.7%) compared to the same period last year.
In September, car sales increased sharply (41.7%) but motorcycle sales decreased (9.7%) compared to the same period last year.
According to the Ministry of Industry and Trade, in September, car sales increased sharply (41.7%) but motorcycle sales decreased (9.7%) compared to the same period last year. Many motorcycle manufacturers reduced prices, but sales did not fluctuate significantly.
Specifically, in September, motorcycle sales were estimated at 251,200 units, a decrease of 9.7% compared to the same period last year. For the first nine months of the year, motorcycle sales were estimated at 2,101,900 units, a decrease of 11.3% compared to the same period last year.
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| While car sales surged in September, the motorcycle market experienced a slump. |
Many dealerships of brands like Honda, Yamaha, and Suzuki have lowered retail prices, especially for popular models; however, motorcycle sales in the market have not changed significantly.
Meanwhile, car production in September increased sharply, estimated at 15,300 vehicles, up 41.7% compared to the same period last year. For the first nine months of 2015, car production is estimated at 138,800 vehicles, a 55.3% increase compared to the same period last year.
According to the Ministry of Industry and Trade, the Vietnamese automobile market is currently experiencing significant fluctuations, and most consumers are adopting a wait-and-see approach as car distributors and importers adjust prices.
The Vietnamese automotive market is projected to continue growing in the coming period due to the gradual reduction in import taxes.
According to VOV
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