One standout trend was the sharp rise in completely built-up (CBU) imports, which saw sales climb 60% to 16,863 units. Meanwhile, domestically assembled vehicles also posted a gain of 35%, with 14,887 units delivered to customers.
In February, Hyundai Accent remained the best-selling model, with 455 units delivered to customers. It was followed by Hyundai Tucson with 403 units, Hyundai Stargazer with 304 cars, and Hyundai Creta with 303 vehicles.
Auto sales by members of the Vietnam Automobile Manufacturers’ Association (VAMA) reached 36,585 units in September, a 45% increase over the previous month, following the implementation of a 50% reduction in registration fees for domestically manufactured and assembled vehicles.
Thailand's car manufacturing target for 2024 may be downgraded as production continues to decline, with a sluggish economy affecting car sales, according to the Federation of Thai Industries (FTI).
While normally a positive time for car sales, this year the domestic automobile market is seeing gloomy days as Tet approaches, according to local car experts.
Sales of enterprises operating in automobile and motorbikes manufacturing and assembling in the northern province of Vinh Phuc were estimated to exceed 258 million USD since the beginning of 2019, a year-on-year increase of 19 percent.
The Ministry of Finance plans to eliminate the import tax for auto materials and parts in order to support the development of the country’s automobile industry.
The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
Vietnam was Ford’s third biggest market in Southeast Asia in 2015, after Thailand and the Philippines, said Mark Kaufman, director of the US car marker in the region.
Vietnam sold a total of 244,914 cars in 2015, an annual increase of 55 percent, the Vietnam Automobile Manufacturers Association announced on January 11.