Car sales in November up 58% year-on-year.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 44,200 vehicles in November, increasing 14% against the previous month and 58% year-on-year.

The increase was attributed to a 50% cut in registration fees for domestically manufactured and assembled vehicles, under a Government Decree which takes effect from September 1 to November 30 this year.

Of the total, there were 25,114 domestically manufactured and assembled vehicles, up 19% month-on-month and 19,086 imported units, surging 8% month-on-month.

The auto sales included 34,835 tourism cars, up 15% compared to October; 9,017 commercial vehicles, soaring 9%; and 348 special-purpose cars, surging 54%.

The November figure brings the total number of cars sold in the first 11 months of the year by VAMA members to 308,544, marking a significant increase of 17% compared to the same period of 2023.