Car import drops 4.6 pct month on month in June: VAMA

11-Jul-2012 Intellasia | VnMedia | 11:18 AM

As reported by Vietnam Automobile Manufacturers’ Association (VAMA), in June, car sales reached 6,555 units, down 4.6 percent from the previous month and 43 percent over the same period last year.

Of which, small car sales reached 5,482 units, down 3.8 percent month on month and lorry sales reached 3,176 units, down 5.4%.

Locally installed car volume reached 5,482 units, rising 3 percent from the previous month while imported cars dropped 30 percent month on month to reach about 1,000 units.

VAMA’s members sold 5,858 units, rising 2 percent month on month, mainly thanks to small car sales with a rise of 14%. However, car sales of VAMA’s members in June still decreased 24 percent on year.

Totally, in Jan-Jun, car sales of the whole market reached 42,928 units, down 41 percent on year, of which, small car sales declined 47 percent while truck sales dipped 30%.

VAMA also forecasted car sales this year at only 80,000 units, dropping sharply against the sales of more than 110,000 units in 2011.