Auto sales in Vietnam down 14.7% in April [ Vietnam ]
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on May 8, automobile sales (including non-VAMA manufactures) in Vietnam were down 14.7% year on year to 21,942 units in April.
CKD volume was 16,453 units, and CBU volume was 5,489 units.
VAMA members (20 manufactures) sales in April were down 7.1% to 21,343 units. VAMA members passenger car sales were down 11.5%, commercial vehicles were up 4.2%, and special purpose vehicles were down 29.3%.
By brand sales in April based on MarkLines Data Center figures, Truong Hai was down 14.9% to 6,693 units. Toyota (excluding Lexus) was down 9.7% to 4,096 units. Ford was up 4.7% to 2,544 units. VinaMazda was down 23.8% to 1,909 units. GM Vietnam was up 9.7% to 951 units.
In line with ASEAN Trade in Goods Agreement, Vietnam lowered the tariff on the CBU imports from ASEAN countries from 40% to 30% in January 2017.
YTD sales in Vietnam were up 1.5% to 86,671 units. YTD CKD sales were down 5.1%, while CBU sales were up 24.1%.