Promotions Fail To Pull Auto Market Out Of Slump

An auto shoroom in Ho Chi Minh City

Despite promotions, the car market has remained in limbo ever since registration fees were hiked two months ago, auto showrooms in Ho Chi Minh City said.

The showrooms situated in Tran Hung Dao, An Duong Vuong, and Cong Hoa streets in District 5 offer up to 15 percent discounts, mortgages, and support for getting loans but to no avail.

The Statistics Office reports that auto imports fell to the year’s lowest level in September -- to 1,400 units worth US$25 million.

By L.Phong-Translated by Viet Khue

Other news