Vietnam Automobile Manufacturers Association, Vama, has recently reported that during February the car sales of its members decreased by 34 percent against the same period last year (excluding Vinamotor-manufacturer and installer of lorry and commercial car who accounts for 18.6 percent of market share of business result in January 2010).
According to Vama, in February, its members sold only 1,167 SUV/MPV cars and 1,612 commercial units, falling 47 percent and 53 percent year-on-year respectively.
Notably, tourism car sales saw a rise of 57 percent y-o-y to 1,615 units.
Totally, in Jan-Feb, total car sales reached 11,355 units, a year-on-year increase of 7 percent, of which tourism and commercial cars posted rises of 69 percent and 3 percent each.
Imported cars also met some difficulties. Imported car sales in Jan-February dropped 30-40 percent y-o-y. Many car importers are racing to launch promotion programme and supports for car buyers.
The reason is that the preferential value added tax (VAT) policy and registration fee have ended. Meanwhile, the amount spent on capital to buy car will be raised by 10-12 percent.
According to the general Statistic Office (GSO), import turnover of complete built unit (CBU) cars in February fell by 26.5 percent against previous month. In details, CBU car import in February reached about 2,500 units worth $39 million, bringing the total figure during the first two months this year to 5,900 units valued at $94 million.
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