Auto sale down 6 percent in seven monthsThe total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on August 8. The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 unitsSales of tourist, commercial and specialised cars experienced a year-on-year decline of 2 percent, 10 percent, and 18 percent, respectively. Domestically assembled car sales in the reviewed time faced a drop of 10 percent whilst imported ones registered a yearly rise of 9 percent. Domestically assembled and imported cars saw a respective reduction of 14 percent and 17 percent in sales to 14,779 and 5,883 units. It is hard for the automobile industry to grow strongly in the remaining months of this year since customers are expecting cheaper cars in 2018 when tax for some imported cars falls to zero percent.

Source: VietNamNet News August 09, 2017 03:00 UTC