September auto sales plunge
In this article (5)
Auto sales in Vietnam plunged 50 percent year-on-year to 13,537 units in September as Covid-19-triggered social distancing forced dealers to close.
This is the second monthly lowest figure this year behind August with 8,884 units sold, according to Vietnam Automobile Manufacturers Association (VAMA).
In the first nine months, sales rose 5 percent year-on-year, compared to 40 percent in the first half, showing a decline in sales in the third quarter when strict social distancing measures were imposed in Ho Chi Minh City and Hanoi.
Truong Hai Auto Corporation (Thaco) led in sales in the first nine months with 65,764 units sold, up 10 percent year-on-year.
The remaining four companies in the top five saw sales decline.
Toyota came in second with 38,055 units sold, down 7 percent.
It was followed by Mitsubishi, Ford and Honda.
The hatchback VinFast Fadil was the best-selling car in September, followed by the sedan Hyundai Accent and SUV Kia Seltos.
Questions & Answers
Q.What was the main reason for the significant drop in auto sales in September?
What was the main reason for the significant drop in auto sales in September?
The plunge was primarily due to Covid-19 triggered social distancing rules, which forced car dealerships to close their doors during September.
Q.Which company was the overall sales leader for the first nine months of the year?
Which company was the overall sales leader for the first nine months of the year?
Truong Hai Auto Corporation (Thaco) led sales in the first nine months, selling 65,764 units, which was a 10 percent increase year-on-year.
Q.Which car model was the best-seller in September despite the overall sales decline?
Which car model was the best-seller in September despite the overall sales decline?
The VinFast Fadil hatchback was the best-selling car in September, ahead of the Hyundai Accent sedan and the Kia Seltos SUV.
Q.How did overall sales for the first nine months compare to the first half of the year?
How did overall sales for the first nine months compare to the first half of the year?
Sales rose 5 percent year-on-year in the first nine months, a decrease from the 40 percent growth seen in the first half of the year.
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