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Sunday, June 16, 2024

March auto sales soar by 60%

By Le Hoang

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HCMC – Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold over 36,960 autos in March, up 60% month-on-month and 17% year-on-year.

Sales of locally assembled and imported completely built-up (CBU) vehicles saw a month-on-month surge of 50% and 82% in March, respectively.

Passenger car sales jumped 62% month-on-month at nearly 28,500, while some 8,000 commercial vehicles found buyers, up 63%, and 677 special-use vehicles were sold, up 41%, according to a recent VAMA report.

Apart from VAMA members, non-member automakers TC Motor and VinFast sold over 7,000 and some 3,500 units last month.

In the first quarter of the year, the VAMA members sold over 90,500 units, up 27% year-on-year. Sales of passenger cars picked up by 39% year-on-year, while sales of commercial cars and special-use vehicles grew 7% and 32% year-on-year, respectively.

This was an impressive figure in auto sales in the first three months of 2022, while the auto market is still being hit by the Covid pandemic and facing a shortage of chips and other auto parts.

Many auto experts forecast that the country’s auto sales will amount to 500,000 this year, up 15%-20% year-on-year.

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