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Vehicle sales up in April

Released at: 14:38, 11/05/2016

Vehicle sales up in April

Sales up 4 per cent month-on-month and 42 per cent year-on-year.

by Hoai An

Motor vehicles sales in April totaled 25,725, up 4 per cent month-on-month and 42 per cent year-on-year, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

The figures include those produced by VAMA members and those imported by non-members.

Passenger car sales stood at 13,743 for the month, an increase of 3.7 per cent against March, and commercial vehicle sales 9,663 and special-purpose vehicle sales 2,319, up 5 per cent and 1.3 per cent, respectively, month-on-month.

The number of imported completely-built-up (CBU) motor vehicles in April reached 6,225, a 29 per cent increase against March, while 19,500 completely-knocked-down (CKD) vehicles were sold, 2.5 per cent less than in March.

The special consumption tax on vehicles with an engine capacity of more than 2,500 cu cm will increase substantially on July 1, which may explain the sharp increase in CBU sales, as people make a decision to purchase a vehicle prior to the change coming into effect.

In the first four months sales stood at 85,414 cars, up 28 per cent year-on-year. Passenger car sales rose 15 per cent, to 47,529, commercial vehicle sales rose 46 per cent, to 31,668, and special-purpose vehicle sales rose 65 per cent, to 6,217.

Of the sales, 66,121 were domestically-assembled and 19,293 were imported, up 37 per cent and 4 per cent, respectively, year-on-year.

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