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car manufacturing
News updates related to automobile manufacturing
Domestically assembled car sales unexpectedly decrease despite benefiting from 50% registration fee reduction
The Vietnam Automobile Manufacturers Association (VAMA) said that sales of domestically assembled cars in July 2023 decreased by 12% compared to the previous month. This figure was released after Vietnam reduced registration fees by 50% from July 1.
Car
Vietnam's auto market declines in the first month of the second quarter of 2023
Despite efforts to reduce prices, increase promotions and launch many new car models, car purchasing power in April 2023 has seriously declined.
Cars priced from 500-700 million VND are dominating the market
Looking at the list of 10 best-selling car models in Vietnam in 2022, it is not difficult to see that the majority are models in the price range of 500-700 million VND. Toyota Vios, Hyundai Accent, Mitsubishi Xpander are in the top 3 positions with more than 20,000 units sold each model.
High-chassis vehicles dominate best-selling charts, new models are increasingly popular
In the ranking of the 10 best-selling cars last year, high-chassis cars are gradually dominating the market share of low-chassis sedans, with only 3 sedans including Hyundai Accent, Toyota Vios and Honda City making it to the top, while representatives of high-chassis cars occupy 7/10 positions in this ranking.
Which cars sold the least since the beginning of 2022?
Besides expensive car models that few people can own and are not sold in large numbers, there are also cheap car models with very low sales.
Vietnam is the 4th largest automobile producer in Southeast Asia.
The number of "Made in Vietnam" cars is about 362,500 units after 10 months of 2022, ranked below leading countries such as Thailand, Indonesia, and Malaysia.
Vietnamese people increase car purchases at the end of the year
Automakers sold more than 44,700 vehicles in October, up 6% compared to September.
1,300 cars sold in Vietnam every day
October 16, 2022 11:56
In the first 9 months of 2022, the entire Vietnamese automobile market consumed more than 352,700 cars of all kinds, equivalent to an average of about 1,300 cars sold per day.
Car shock absorber material created from date palm waste
December 8, 2018 18:31
Agricultural waste from date palms could create low-cost, durable composite materials that could revolutionize the auto industry.
Nearly 160,000 Mitsubishi Outlander Sport recalled
March 1, 2018 10:18
After a number of errors with the drive belt and handbrake, the Japanese car company had to recall nearly 160,000 Mitsubishi Outlander Sports due to a defect in the windshield wiper link.
Add quality conditions to imported cars
January 26, 2018 16:15
Contrary to the wishes of car importers, Circular No. 03/2018/TT-BGTVT has just been issued by the Ministry of Transport (MOT) to guide the implementation of Decree 116 on technical safety and environmental protection quality inspection for imported cars.
VinFast buys BMW's copyright to produce cars
January 20, 2018 17:44
The Vietnamese car company will use some details developed by BMW to mount on the first two models.
Google Breaks Through in Driverless Car Testing
November 9, 2017 20:07
The self-driving car development division - the Waymo project under Alphabet Inc (Google's parent company) has just announced the next step of testing. Accordingly, Google-branded cars will be completely self-driving without human assistance.
Toyota, Honda use poor quality materials to produce cars
October 16, 2017 10:16
Kobe Steel supplied counterfeit steel, aluminum and copper to automakers including Toyota, Honda, Nissan... to produce some car parts, according to Bloomberg.
Entertainment technology distracts drivers
October 10, 2017 15:07
Cramming too many functions on the infotainment system distracts the driver, increasing the risk of accidents.
Honda launches 2 electric car models to compete with Tesla
September 5, 2017 16:09
In a move to compete with Tesla and mark a change in its strategy, the Japanese automaker said it will launch two electric car models for the Chinese and European markets in 2018.
Car sales rebound in May thanks to lower car prices
June 8, 2017 17:58
Many car models have been heavily discounted, helping sales of manufacturers as well as the entire market grow again after a gloomy April.
Mexican auto industry in turmoil over Trump's policies
January 18, 2017 05:28
The Mexican auto industry is in turmoil as it is one of the first "victims" of Donald Trump's request to bring jobs back to the US.
Vietnam's car consumption sets a record in the past 20 years
January 12, 2017 16:47
VAMA said that car consumption in Vietnam increased sharply at the end of the year, setting a record high in the past 20 years.
Car manufacturing robots
August 7, 2016 17:16
Robots are becoming more and more intelligent and appearing more and more in car manufacturing processes, putting many people at risk of losing their jobs in the future.
"Domestic car manufacturers cannot compete with imported cars"
May 24, 2015 20:27
Regarding the time when the import tax on cars will be 0% in 2018, the issue of how Vietnamese car manufacturers will operate, at the 2015 fiscal year business summary ceremony held on the evening of May 22, General Director of Honda Vietnam Company (HVN) Minoru Kato affirmed that HVN as well as businesses in the Association cannot compete with imported cars.
Toyota Vietnam will stop producing cars?
April 4, 2015 22:55
Toyota is considering stopping car production in Vietnam or importing cars entirely to benefit from the tax reduction roadmap from ASEAN.
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