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Vietnam's auto sales fall 19pct in May: VAMA
The sales of locally-assembled automobiles in May fell 19 percent year-on-year, from 9,498 to 7.661 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported.
It was also a 19 percent month on month decease from 9,409 cars sold in April.
Last month, sales of commercial vehicles, sport utility vehicles (SUV)/multi-purpose vehicles (MPV), and passenger vehicles declined 21 percent, 31 percent and 6 percent year on year to 4,174 units, 1,282 units and 2,205 units respectively.
With January-May figures combined, however, sales of VAMA members grew 11 percent year on year to 44,996 units thanks to rising demand resulted from the economic recovery.
The passenger car segment was most impressive with sales expanding a hefty 32.9 percent, while SUV/MPV sales increased 17 percent. But commercial vehicle sales decreased 4 percent.
However, the value of car imports in May reached US$132 million with 5,500 completely built-up units (CBU) imported.
The number of CBU cars imported into Vietnam in the first five months of this year has hit 26,900 with an import value of nearly US$524 million, increasing by 45.7 percent in quantity and 65.4 percent in value against the same period last year.
If automobile components for local assembly were included, the total value of automobile imports in the January-May period would reach US$1.34 billion, a year on year increase of 23.7 percent.
Vietnamese carmaker Truong Hai Auto Joint Stock Company (Thaco) continued to take the lead in the number of CBU in May and sales in January-May with 2,672 cars and 13,001 cars, up 8 percent and 43 percent year on year respectively.
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