4M motor car sales down 30%

4M motor car sales down 30% 17/05/2023 16:58:00 388

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4M motor car sales down 30%

17/05/2023 16:58:00

Total units sold estimated at 92,801 in opening fourth months, down against March and April 2022.

Members of the Vietnam Automobile Manufacturers Association (VAMA) sold a total of nearly 22,409 units in April, down 25 per cent against March and 47 per cent year-on-year.

This brought the total number of units sold in the first four months of the year to 92,801, a year-on-year decline of 30 per cent.

Sales of domestically-assembled motor cars in April stood at 13,325, a fall of 18 per cent, while the number of imported cars was down 34 per cent compared to March.

Earlier this year, VAMA and the Vietnam Association of Mechanical Industry (VAMI) proposed that the government cut registration fees for locally-assembled motor cars by 50 per cent to support the domestic automobile industry. The proposal, however, was not approved by the Ministry of Finance.

Thanh Thuy

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