March Car Sales Nearly Double on Stock Market Boom

1:52:30 PM | 4/9/2007

The Vietnam Automobile Manufacturers Association (VAMA) said its 16 member carmakers sold 4,469 cars last month, up 91.5 per cent on year and up 49.4 per cent on month.

The fast-growing stock market has enriched many stock investors and they can afford cars to show off their riches.

In the first three months this year, VAMA carmakers sold 12,183 vehicles, up 157 per cent on year.

Toyota remained the largest carmaker with 28.75 per cent of market share, and the smallest firm was Vinacomin with only 60 units sold.

Vietnam imported 2,000 assembled cars valued at US$55 million in the first three months, down 30.7 per cent on year by volume and 4.7 per cent by value. Imports of cars and car parts together were worth US$134 million, down 9.7 per cent on year.

The following table details auto sales in January-March:

	Jan-Mar 2006	Growth
Toyota	3,503	+59
VMC	227	+249
Vina Star	786	+223
Vidamco	1,115	+238
Ford	1,045	+36
Daihatsu	172	+70
Mercedes	280	+146
Isuzu	499	+59
Mekong	170	+23
Suzuki	416	+67
Hino	192	+32
Samco	107	+49
Truong Hai	1,717	+82
Vinacomin	43	-41
Vinaxuki	988	+190
Honda	923	N/A

Note: Truong Hai Auto makes Chinese-originated Thaco-trademarked trucks, Vinastar (Mitsubishi), Vinaxuki (Chinese Jinbei cars), Vidamco (GM-Daewoo), Visuco (Suzuki), VMC (Mazda, BMW, Kia), Vindaco (Daihatsu) and Mekong Auto (Fiat, Ssanyong, PMC). (Thanh Nien Online)

Other News

LOCAL NEWS

PHU THO:

March Car Sales Nearly Double on Stock Market Boom

Other News

LOCAL NEWS

Phu Tho: Resolutely Tackling Obstacles in Key Transport Projects

Hai Phong 70 Years of Surmounting Challenges to Achieve Robust Growth

Ho chi minh city Prioritizing Investment Attraction and Business Growth

Ha Nam Strengthening Legal Accessibility for People and Businesses

Resolute Actions for Green and Sustainable Development Goals