Car sales continues to rise in September

October 12, 2022 | 17:51

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Vietnam's consumption of new cars grew steadily in September, surpassing last year's period by 147 per cent.

Car sales continues to rise in September

Mazda automobile assembly line in Vietnam. Photo: baodautu.vn

According to the Vietnam Automobile Manufacturers’ Association (VAMA), Vietnam’s car sales reach 33,463 vehicles in September, up 8.5 per cent against August and 147 per cent against September 2021.

Specifically, sales of passenger cars in September climbed 2 per cent from a month earlier to 25,611 units. Commercial vehicle deliveries jumped 37 per cent to 7,539 units, while special-purpose vehicles rose 11 per cent to 313 units.

Deliveries of completely knocked-down vehicles increased 11 per cent to 17,193 units. Meanwhile, sales of completely built vehicles rose 6 per cent to 16,270 units.

Vietnam’s car sales continue its growing momentum since July, following a sharp drop in June. Besides VAMA members, the sales of other large automobile enterprises also increased in September. Thanh Cong Group sold more than 8,600 units in last month.

For the first nine months of the year, car brands in the market sold a total of 296,403 vehicles. If the trend continues into the future with the sales of over 40,000 vehicles per month, Vietnam’s automobile market will cross the milestone of 500,000 car sales in 2022. This milestone will help the country remove the label of a small car market, thereby promoting the development of local automobile suppliers.

Experts predict that Vietnam's automobile market will improve in the near future as the supply of spare parts and accessories for domestic car production and assembly remain stable amidst the gradual stabilisation of global economic and political situation.

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By Thanh Van

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