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More than 700 cars sold a day in Q1
Hung Le
Monday,  Apr 10, 2017,23:33 (GMT+7)

More than 700 cars sold a day in Q1

Hung Le

Customers inspect an imported car on display at a trade center in HCMC. More than 700 cars were sold a day in the first quarter of 2017 - PHOTO: HUNG LE

HCMC - More than 700 cars were sold each day in the first quarter of this year, according to the latest report of the Vietnam Automobile Manufacturers Association (VAMA).

VAMA said nearly 64,700 cars were sold in the quarter.

Specially, nearly 26,900 automobiles were sold in March, up 52% against February and up 8% year-on-year. These included 16,800 passenger cars, 8,300 commercial autos and 1,800 special-use vehicles with the respective increases of 67%, 31% and 45% over February.

Notably, the consumption of both imported and assembled automobiles in March increased compared to the previous month. Specifically, nearly 18,400 locally assembled automobiles and 8,500 imported automobiles were sold, up 35% and 114% respectively.

However, sales of locally assembled autos have tended to slow down since early this year with more than 46,300 cars sold, while sales of imported cars have soared with more than 18,400 cars, up 41% over the same period last year due to the duty on CBU autos being slashed to 30% this year from 40% in 2016.

In the first quarter, Truong Hai Auto Corporation (Thaco) took the lead with over 23,700 units sold, accounting for a market share of nearly 40%. Toyota came second with nearly 13,500 units and Ford took the third position with more than 6,900 cars, accounting for 23% and 12% of the market.

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