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Vehicle sales in Vietnam jump by 59%
Publication Date : 20-04-2014
The Vietnamese automobile market saw impressive growth in sales of cars with 10 seats and below, trucks and commercial vehicles in March.
According to the Vietnam Automobile Manufacturers Association (VAMA), more than 11,600 cars were sold last month, an increase of 59 per cent over February. These covered 7,179 cars with 10 seats and below, and 4,477 trucks and commercial vehicles.
The March sales grew 39 per cent year-on-year, and it was also the 12th consecutive month of sales growth.
The volume of sales of locally assembled cars reached 8,275 units, rising by 58 per cent over the previous month. Meanwhile, nearly 3,400 imported completely built units (CBU) have been sold, marking a growth of 62 per cent.
The increase in sales figures has led VAMA to adjust its estimation of car sales to 125,000 units this year, 5,000 higher than the previous estimate and 13 per cent higher than 2013.
VAMA also reported that its members have sold 24,168 units in the first quarter of this year, an increase of 29 per cent year over year. These comprised 8,465 passenger cars, 8,811 trucks and commercial vehicles and 2,694 multi-purpose vehicles.
The Custom Office reported on April 17 that Vietnam imported nearly 4,400 CBU cars in March, a rise of 47.4 per cent compared with February. With this the CBU import figure for the first quarter this year rose to 10,420 units, 49.2 per cent higher year over year. These comprised 5,290 imported cars with nine seats and below, 4,410 trucks and 719 other vehicles.
South Korea retained its lead in exporting CBUs to Vietnam with nearly 3,700 cars, an increase of 5.5 per cent. It's followed by Thailand, India and China with nearly 1,750 cars, more than 1,700 cars and 1,260 units, respectively, all higher than the previous months.