Car sales in March up 47% month-on-month

Some 31,750 automobiles were sold in March this year, up 47% compared to the previous month and 16% year-on-year, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Of the total, there were 22,339 tourism cars, increasing 53% year-on-year, 9,231 commercial cars, up 36%, and 180 special-purpose cars, down 36%.

Domestically manufactured and assembled vehicles contributed 14,887 cars, surging 35% against the previous month and 16,863 imported units, up 60% month-on-month.

In the first quarter of the year, Vietnamese firms imported 46,207 completely-built-up (CBU) cars with total revenue of $983 million, up 43.5% year-on-year in quantity and 45.9% in value.