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Car sales rise 106 percent on May 2007
Commercial vehicles once again accelerated overall car sales last month to a growth rate of 106 percent year on year, at 11,404 units, according to the Vietnam Auto Manufacturers Association (VAMA).
The figure brought the total autos sales in January to May period to 58,860 units, an increase of 162 percent over the corresponding period last year.
While commercial vehicles registered 142 percent increase in May at 6,666 units, the segment posted 265 percent growth rate in the first five months of the year with 36,411 units.
Market watchers attributed the robust sales of commercial vehicles to the increasing demand for buses and light trucks in Vietnam .
Honda Civic, the only auto model from Honda Vietnam, which sells mostly to private individuals, maintained its dominant position in the sedan segment with 626 units last month, the highest figure in the sedan segment.
Meanwhile, its rivals, the Toyota Altis saw only 181 units sold while the Ford Focus experienced a mere 60 units in May.
Meanwhile, GM-Daewoo’s compact sedan Matiz saw 386 units sold last month, mostly attributed to the company’s effort to sell out the car before changing to its new model, the Spark, earlier this month.
Toyota Innova once again dominated the MPV/SUV (Multi Purpose Vehicles/Sport Utility Vehicles) segment with 1,469 units sold in May, the best selling autos in Vietnam .
Chevrolet Captiva, the only SUV model from GM Daewoo Vietnam (Vidamco), ranked second in the segment with 592 units sold last month, Ford Everest saw poor performance with 139 units.
On the company’s ranking list, Japanese-invested Toyota Vietnam led the line with 2,332 units, accounting for 20.3 percent of the market share, followed by truck and bus manufacturers Truong Hai and Vinamotor with 2,124 and 1,932 units, respectively, accounting for 18.5 and16.8 percent of the market share.
The Ministry of Finance on June 13 raised the tariff of auto parts and components by 5-10 percent, effective on June 20. This is the third tariff hike of auto parts and components in the last two months.
The ministry once again gave the same explanation for the bike, saying it was as part of a Government drive to reduce traffic congestion by curbing the mass importation of automobiles into the country, and to reduce the trade deficit.
GM-Daewoo maker Vidamco earlier this month became the fourth auto maker in Vietnam raised the sales prices for its fleet after Toyota, Honda and Ford, with the hike ranging from 200 USD-900 USD depending on the models.
VNA
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