July auto sales 2nd highest for year
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Auto sales jumped to 24,687 units in July, the second-highest monthly number this year behind only March.
The Vietnam Automobile Manufacturers Association (VAMA), which provided the data – excluding TC Motor and VinFast sales – said however sales were down 18.4% year-on-year.
The auto market has been going through a rough year amid low economic growth, with sales plummeting by 30% year-on-year in the first seven months to 162,000 units.
Toyota sold 3,800 cars, a 31% decline.
Questions & Answers
Q.Which specific companies' sales figures are not included in the VAMA data for July auto sales?
Which specific companies' sales figures are not included in the VAMA data for July auto sales?
The data provided by the Vietnam Automobile Manufacturers Association (VAMA) for July auto sales specifically excludes figures from TC Motor and VinFast. This means the overall reported total of 24,687 units does not account for their sales performance.
Q.How do July's auto sales compare to the same month last year?
How do July's auto sales compare to the same month last year?
July's auto sales of 24,687 units represent an 18.4% decline when compared to the same month in the previous year. Despite being the second-highest monthly total this year, it indicates a significant year-on-year reduction in sales.
Q.What is the total number of auto units sold in the first seven months of the year?
What is the total number of auto units sold in the first seven months of the year?
The total number of auto units sold in the first seven months of the year reached 162,000 units. This figure reflects a substantial 30% year-on-year drop during this period, indicating challenging market conditions.
Q.Which month recorded the highest auto sales this year?
Which month recorded the highest auto sales this year?
The highest auto sales for the current year occurred in March. July's sales, at 24,687 units, were the second-highest monthly number, indicating that March surpassed this figure for overall vehicle units sold.
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