Jan-May auto sales grow 31% y-o-y
HCMC – Auto sales in the first five months of this year soared a staggering 31% compared to the same period last year at 111,440 units, showed data of the Vietnam Automobile Manufacturers Association (VAMA).
Of the total volume, the January-May period saw passenger autos rising by 22% year-on-year to around 61,570 units, commercial vehicles by 42% to 41,980 and special-purpose autos by 59% to nearly 7,900.
Statistics of VAMA indicated that some 26,028 units were sold in May, increasing 1% over the previous month and 45% against the same period last year. Auto sales last month were higher than in previous months.
Around 14,039 passenger cars and 10,312 commercial autos were delivered to customers last month, up 2.2% and 6.7% respectively while only 1,677 special-purpose vehicles found buyers, sliding 27% over April.
In May, sales of imported completely build-up (CBU) autos edged up 11% month-on-month to more than 6,900 units. This was the second consecutive month sales of imported CBU cars had been higher than domestically-assembled autos.
Last month, more than 19,100 locally-assembled autos were consumed, falling 2% over the previous month. The figure in the five-month period neared 85,240 vehicles, up 37%, while imported CBU autos reached more than 26,200 units, up 16% compared to the same period last year.
Auto exporters projected the number of buyers of cars with large engine displacement will continue increasing until July 1 when higher special consumption tax rates apply.