Auto dealers fail to keep up with rising demand
Auto retailers are struggling to meet the surge in domestic demand with many companies no longer taking orders for 2009.
Toyota Lang Ha showroom in the capital announced they would not take any more orders for all makes of cars this year.
This showroom cannot meet the demand of domestic clients even when its company, Toyota Viet Nam, produced 115 units per day in August, up 40 per cent over April.
Sell out
"We have never seen cars sell out as soon as they did this year," said Co Duy Tu, head of the sales department under Toyota Lang Ha.
When introducing Altis 2.0 in June, Toyota Viet Nam planned to supply about 150 units per month. The plan has changed to 800 units.
Ford Viet Nam and GM Daewoo Viet Nam are expected to be in the same situation soon.
"We have just stopped receiving orders for the five-seat CRV in 2009," affirmed Nguyen Ba Huan, sales official of Honda My Dinh in the capital.
Honda Vinh showroom also stopped signing sales contracts for the Civic 2.0 this year.
GM Daewoo is now stepping up their production. "It is predicted that this month we can sell 1,400 units. The number in July was more than 1,300 units," said Nguyen Quang Minh from the sales and marketing section of GM Daewoo Viet Nam.
In the beginning of the year, Daewoo planned to sell 7,500 units this year. However, the number has been increased to 12,000 units.
Demand for cars has recently increased, because of the recent slashing of the value-added tax (VAT) and registration fee on cars.
"VAT on cars was cut by only 5 per cent, and many customers are rushing to buy in the event that taxes are raised again in January," said Nguyen Trung Hieu from the Automobile Manufacturers Association.
July imports
The General Statistics Office announced that in July, the country imported 8,700 cars, against its forecast of 7,000.
The import turnover in the month was up 20 per cent over June with 7,000 cars imported, reaching $118 million, reported the GSO.
In the first seven months of the year, 32,400 units were imported, worth $524 million.
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