According to VAMA, the domestic automobile market experienced impressive performance in December with the number of cars sold surging by 32 per cent month-on-month and 45 per cent year-on-year to 47,865 units as customers rushed to buy cars before the end of 2020 to enjoy the 50 per cent reduction in registration fees. … [Read more...] about Car sales in Viet Nam plunge 8% in 2020
Vama
Car sales in Vietnam plunge 8% in 2020
According to VAMA, the domestic automobile market experienced impressive performance in December with the number of cars sold surging by 32 per cent month-on-month and 45 per cent year-on-year to 47,865 units as customers rushed to buy cars before the end of 2020 to enjoy the 50 per cent reduction in registration fees. … [Read more...] about Car sales in Vietnam plunge 8% in 2020
Local auto market heats up
A street in HCMC is crowded with vehicles. Vietnam’s auto market continued its expansion in the final month of 2020, with over 47,800 cars sold by VAMA members – PHOTO: HUNG LE HCMC – After regaining growth momentum in October and November last year, Vietnam’s auto market continued its growth in the final month of 2020, with over 47,800 cars sold by members of the Vietnam Automobile Manufacturers Association (VAMA), up 45% year-on-year. … [Read more...] about Local auto market heats up
Vietnam auto sales stage May recovery
Passenger cars accounted for 68 percent of the sales and the rest was made up of commercial and multi-purpose vehicles. Forty-two percent of the cars sold in May were imported. … [Read more...] about Vietnam auto sales stage May recovery
Vietnam auto market rolls out huge discounts
However, the industry expects to encounter greater difficulties in the coming months, exacerbated by the seventh lunar month, which began on August 19 and is traditionally considered taboo by most Vietnamese for spending large sums of money on purchasing real estate and cars. As demand shrinks, caused by both psychological fear and the difficult economic situation, automobile brands are left with little choice other than providing discounts to help push up sales and maintain market share. … [Read more...] about Vietnam auto market rolls out huge discounts
