Vietnam’s total vehicle sales in November stood at 36,359 units, up by 22pc from the same month year-prior and by 9pc from October, according to data provided by the Vietnam Automobile Manufacturers’ Association (VAMA).
The auto sector globally is witnessing a slow yet steady recovery after facing a major crisis in the COVID-19-induced lockdown era.
Passenger car sales in November rose by 13pc to 28,755 units, while commercial vehicle (CV) sales stood at 7,122 units, down by 5pc as compared to the preceding month.
Sales of special-purpose vehicles in November increased by 25pc to 482 units from October.
In the export market, CKD (Completely Knocked Down) and CBU (Completely Built-Up) car sales in November stood at
23,509 units and 12,850 units, up by 15pc and 0.7pc, respectively, from October.
The country’s vehicle sales in the first 11 months of the year (Jan-Nov, 2020), however, declined by 14pc to 248,768 units as compared to the prior-year period owing to the repercussions of the COVID-19 pandemic on the global automobile sector, especially in April and May.
In the Jan-Nov period, sales of passenger cars fell by 13pc to 184,418 units, while CVs plummeted by 15pc to 60,833 units from the same period in the preceding year.
Special-purpose vehicle sales in the 11-month period stood at 3,517 units, down by 27pc from the Jan-Nov period in 2019.
Vietnam’s imports of completely-built automobiles and auto parts for assembly in the Jan-Nov period fell by 18.5pc to $5.5bn from the prior-year period, according to media reports citing the Ministry of Industry and Trade.
Auto sales in Vietnam are expected to become more robust in the year-end period as customers may opt to buy cars before the end of the year to avail of 50pc of reduction in registration fees, as per media reports.
Although the November sales have risen from the prior month, the impact of the COVID-19 pandemic on the auto sector has made it hard to raise the 2020’s vehicle sales to 322,322 units recorded in 2019.