Auto sales rise 20% in July
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Auto sales resumed in July with 30,254 units sold, up 20% from June, showing signs of recovery.
The increase came after June sales plunged to a three-month low as the government’s decree to cut registration fee by 50% ended in May.
The multi-utility vehicle Mitsubishi Xpander was the best selling model in July at 2,711 units, followed by Hyundai Accent, 1,423, and Toyota Veloz, 1,395.
In the first seven months, 232,094 units were sold, up 39% year-on-year.
Truong Hai Auto Corporation (THACO) led with 83,201 units sold, up 46% year-on-year.
It was followed by Toyota with 48,650 units and Mitsubishi, with 22,361 units.
Honda and Ford made up the rest of the top five.
Last year, auto sales dropped 3% from 2020 to 383,444 units.
Questions & Answers
Q.What caused the drop in auto sales to a three-month low in June before the July recovery?
What caused the drop in auto sales to a three-month low in June before the July recovery?
June sales declined after the government's 50% cut to the registration fee ended in May. This removal of the incentive likely contributed to the lower sales figures seen in that month.
Q.Which multi-utility vehicle was the best-selling model in July?
Which multi-utility vehicle was the best-selling model in July?
The Mitsubishi Xpander was the best-selling model in July. It recorded 2,711 units sold, leading the list ahead of other popular models like the Hyundai Accent and Toyota Veloz.
Q.Which company sold the most units in the first seven months of the year?
Which company sold the most units in the first seven months of the year?
Truong Hai Auto Corporation (THACO) led sales in the first seven months, selling 83,201 units. This represented a significant 46% increase compared to the same period last year.
Q.How did last year's overall auto sales compare to the previous year?
How did last year's overall auto sales compare to the previous year?
Last year, total auto sales reached 383,444 units. This figure represented a 3% decrease when compared to the sales volume recorded in 2020.
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