July auto sales hit five-month low
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Auto sales in July fell by 33 percent year-on-year to 16,035 units, the lowest in the last five months, dragged down by mobility restrictions in major cities.
Monthly sales have experienced a downward trend since March as the fourth Covid-19 wave forced dealers to shut down during social distancing in Hanoi and Ho Chi Minh City, according to data from Vietnam Automobile Manufacturers Association (VAMA).
But in the first seven months, sales still rose 27 percent year-on-year to over 166,500 units thanks to a surge in the first quarter.
During this period, Thaco led with over 56,900 units, up nearly 34 percent year-on-year. Toyota followed with 32,800 units, up nearly 8 percent.
Mitsubishi, Ford and Honda make up the rest of the top five.
The best-selling model in July was the hatchback VinFast Fadil with over 2,928 units shifted, followed by Toyota Vios with 1,344 units and Ford Ranger, 1,310.
Questions & Answers
Q.What was the main reason for the significant drop in July auto sales?
What was the main reason for the significant drop in July auto sales?
The decline in July auto sales was primarily due to mobility restrictions implemented in major cities. This follows a downward trend since March, as the fourth Covid-19 wave led to dealer closures during social distancing in Hanoi and Ho Chi Minh City.
Q.Which manufacturers were the top performers in the first seven months of the year?
Which manufacturers were the top performers in the first seven months of the year?
In the first seven months, Thaco led with over 56,900 units sold, marking a nearly 34 percent increase year-on-year. Toyota followed with 32,800 units, which was an increase of almost 8 percent compared to the previous year.
Q.Despite the July dip, how do overall sales for the first seven months compare to last year?
Despite the July dip, how do overall sales for the first seven months compare to last year?
Despite the drop in July, overall sales for the first seven months still rose by 27 percent year-on-year. This positive performance resulted in over 166,500 units being sold, largely thanks to a significant surge in sales during the first quarter.
Q.Which specific car models were the best-sellers in July?
Which specific car models were the best-sellers in July?
In July, the hatchback VinFast Fadil was the best-selling model with over 2,928 units sold. It was followed by the Toyota Vios, which shifted 1,344 units, and the Ford Ranger, with 1,310 units sold during the month.
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