Automobile sales down 42% due to lack of spare parts

The Vietnam Vehicle Manufacturers’ Association (VAMA) stated on July 13 that its members sold 25,159 autos in June, down 42% from the past thirty day period.

The determine included 17,826 passenger vehicles, down 49% 6,821 commercial autos, down 14%, and 512 special-intent automobiles, down 24% month-on-month.

Of the bought models, 11,044 were domestically assembled cars, a fall of 57%, when the remaining 14,115 were imported, down 23% from the prior thirty day period.

During the 1st 50 percent of this yr, VAMA associates offered 201,840 models, growing 34% calendar year-on-year. Profits of passenger autos surged 50% to 157,935, whilst that of industrial automobiles down 5% to 40,498, and distinctive-intent autos up 12% to 3,407.

Amid non-VAMA associates, TC Motor supplied 36,397 vehicles to the market place, while VinFast sold 14,695 automobiles in the 6 months.
 
Toyota Vietnam topped the checklist of sellers in June with 5,179 units. It was followed by TC Group, Mitsubishi Vietnam, Ford Vietnam, Thaco Mazda and Honda Vietnam.

Businesses blamed the lower to the world wide semiconductor crisis and the lack of chips, as very well as the impacts of the COVID-19 pandemic and the political scenario in some locations.

Katherine T. Burrows

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