Imported car number seven times higher than last year

According to preliminary statistics by the General Department of Vietnam Customs, the number of completely-built-unit cars imported into the country by the first half of May reached 58,295 units, worth more than US$1.28 billion, seven times higher than the same period last year.

Imported car number seven times higher than last year

Of which, cars with less than 9 seats remained the key import products with 42,574 units worth more than $830 million. The rest was trucks and cars with more than 9 seaters.

Therefore, each less-than-9-seater car imported into Vietnam from January 1 to May 15 has an average price at around $19,500 per unit or VND456 million whereas it was $21,900 per unit or VND512 million in the same period last year. The amount of imported automobile spare parts and accessories by May 15 valued at around $1.46 billion whereas it was more than $1.07 billion over the same period last year. In comparison with the same period last year, the value of these products did not post high growth.

As the number of imported cars was high, along with plentiful domestic supply, in the last three months, several auto-makers have continued to run promotional campaigns to boost consumption.

By Lac Phong – Translated by Thuy Doan

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