16.149 units – New record for Vietnam’s automobile market

By the end of 2014’s 3^rd quarter, total industry sale has reached 106.710 units, 39% up compared to the same period last year. September alone accounted for 16.149 units – a record figure that was not seen in many years. 2014’s total sale is expected to reach 145.000 vehicles.

September’s sale reached 16.149 units, 29% up compared to August and 65% up compared to 2013’s September. Car’s sale almost doubled that of truck, which clearly shown the shift of the market from a truck-major one to a car-major one.

VAMA also reported positive change in domestic car assembling after a period of depression, which yelled a result of 11.232 units, whereas 4.917 vehicles were imported, 73% up compared to the same period last year.

Total industry sale in 2014 has reached 106.710 vehicles with a record of 18 consecutive months with sale growth. Every month in 2014 saw a sale higher than 11.000 vehicles (except for February when Lunar New Year took place), even the “bad luck” month. It was a total success compared to 2013 and 2012, as 11.000 was something that seemed “unachievable” during those periods.

With the sale above, total industry sale has raised by 39% compared to the same period in 2013, with car’s sale and truck’s sale increased by 40% and 36% respectively.

By the end of 2014 September, sale of locally assembled car has increased by 30% compared to the same period last year whereas that of imported car saw an increase of 76%.

As for VAMA members, their sale reached 12.940 units in September, 53% up compared to 2013 September and 18% up compared to August. Taking the first 9 months of 2014 into account, VAMA’s sale has reached 90.108 units, 34% higher compared to that of 2013.All SUV, commercial vehicle and passenger vehicle segments saw an increase of over 30%.

With the above figures, VAMA has increased its forecast of annual sale by 5.000 vehicles, reaching 145.000.

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