Vietnam's automobile sales in January drop sharply in January
Source: Xinhua | 2025-02-14 | Editor:Ines
Vietnam's automobile sales in January fell 40 percent compared to the previous month to 18,893 units, according to the Vietnam Automobile Manufacturers' Association.
The sales of passenger cars declined by 42 percent, commercial vehicles by 33 percent, and special-purpose ones by 40 percent, Vietnam News Agency reported Thursday.
The sales of domestically-assembled cars reached 9,120 units, down 29 percent in the first month of the year compared to December 2024, while imported cars were 9,773, down 48 percent.
The association attributed the auto sales slump chiefly to low demand after the year-end shopping season and the week-long Lunar New Year holidays.
Experts forecast that the automobile market is likely to recover from the second quarter and speed up growth in the second half of this year when brands launch promotion campaigns and the government offers preferential policies to encourage means of green transport.
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