Vietnam Economy Automobile market expected to hit sales record By Le Hoang Saturday, Oct 12, 2019,18:40 (GMT+7) Automobile market expected to hit sales recordBy Le Hoang Autos on display at an expo in HCMC. The local automobile market is forecast to set a new record in car sales this year – PHOTO: LE HOANG HCMC – Given the high sales of members of the Vietnam Automobile Manufacturers Association (VAMA) and TC Motor, reaching 32,000 units per month between January and September, the local automobile market is forecast to set a new record in sales this year. VAMA said on October 10 that its members had sold 27,767 vehicles of all types in September, up 29% from the month earlier, the local media reported. The figure comprises 20,916 passenger, 6,532 commercial and 319 specialized vehicles, up 37%, 10% and 10% against the previous month, respectively. Compared with the figures seen in August, the sales of locally assembled automobiles and imported cars soared by 35% and 21% in September to 16,994 units and 10,773 units, respectively. Over the nine-month period this year, VAMA members’ sales totaled 230,334 units, a year-on-year rise of 18%, of which passenger vehicles made up over 168,690 units, picking up by 30%…. Read full this story
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