Automobile sales down in November: VAMA

Domestic automobile sales decreased by 9 per cent in November compared to the same period last year to 11,198 units, reported the Viet Nam Automobile Manufacturers' Association (VAMA) on Dec 8.

This figure, the association said, was an increase of 777 units over October and 1,075 units compared to September.

Private car sales saw the biggest decrease, hitting only 3,770 in November, down by 16 per cent.

VAMA sales figure for the first 11 months of the year reached 99,978 units, down 4 per cent in comparison with the same period in 2009, in which sports utility, multi-purpose and cross-over vehicles decreased by 13 per cent, and commercial vehicles were down by 3 per cent.

In November, most members of VAMA saw downward trends in their sales.

Visuco (Suzuki) experienced a year-on-year decrease of 46 per cent, while GM Daewoo and Samco were down 37 per cent and 43 per cent respectively.

In November, Toyota Viet Nam sold just over 3,200 units, a year-on-year decrease of 7 per cent.

Experts attributed the decline to the devaluation of the Vietnamese dong and high interest rates.

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