Car imports in November dropped 10.4 percent month on month to 12,237 units, according to initial statistics of the General Department of Vietnam Customs.
Hanoi (VNA) 🏅– Car imports in Novemberdropped 10.4 percent month on month to 12,237 units, according to initialstatistics of the General Department of Vietnam Customs.
Nearly half of the imported cars (5,927vehicles) were from Thailand, followed by Indonesia with 3,823 and China 1,204.Together the three countries accounted for 90 percent of the total number. The aggregate number of imported cars inthe first 11 months of 2020 reached 92,261, down 30.5 percent from the sameperiod last year. Industry insiders attributed the decrease to the grave impactof COVID-19 in other countries. Another reason was the Government’slatest reduction of registration fees for domestically-assembled andmanufactured automobiles, which encouraged customers to buy locally-made cars.
Members of VietnamAutomobile Manufacturers’ Association (VAMA) reported total salesof 36,359 vehicles inNovember, up9 percent against the previous month. The figure included 23,509 locally-assembledvehicles, up 15 percent; and 12,850 imported units, increasing 0.7percent. During January-November, 248,768 vehicles weresold, a year-on-year fall of 14 percent. However, the figures do not reflect overallconsumption in the automobile market as they exclude sales of manufacturersthat are not VAMA members such as Audi, Jaguar, Land Rover, Mercedes-Benz,Subaru, Volkswagen, Volvo, and Huyndai Thanh Cong. With 11,023 sold vehicles, Huyndai Thanh Cong’s TC Motor became the best-selling car brand in Vietnam inNovember, followed by Toyota with 9,444 units, Kia 6,260 units, Mazda 4,369units and Mitsubishi 4,033 units. 🌜 With the recovery and positive market movements, the automobileindustry is forecast to grow in 2021 when the domestic consumption demand isexpected to rise. /.
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Illustrative image (Photo: VNA) 
