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Tuesday, July 16, 2024

April auto sales plunge sharply

The Saigon Times

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HCMC – Auto sales have fallen substantially this year, with 22,409 units sold in April, down 40% over March and 47% year-on-year, according to the Vietnam Automobile Manufacturers Association (VAMA).

Sales of commercial vehicles in April dropped by 19% versus the previous month, passenger cars slumped by 27%, and special-purpose vehicles plummeted by 51%, VAMA said in a statement.

The January-April period saw total auto sales reaching 92,801 units, including volumes of VAMA members, non-VAMA members and imported completely-built-up cars.

The figure accounted for 69.8% of total sales in the same period last year.

As for VAMA members alone, the auto sales volume included 61,297 passenger cars, 18,171 commercial vehicles, 1,451 buses and 548 special-purpose vehicles.

Meanwhile, non-VAMA members TC Motor and VinFast sold 19,328 and 3,789 units in the January-April period, respectively.

According to the reports of auto manufacturers in Vietnam, U.S. automaker Ford was the only one firm that posted January-April sales growth of 128% year-on-year.

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