Sunday , June 23 2024

Auto sales rise 20% in July


Auto sales resumed in July with 30,254 units sold, up 20% from June, showing signs of recovery.

The increase came after June sales plunged to a three-month low as the government’s decree to cut registration fee by 50% ended in May.

The multi-utility vehicle Mitsubishi Xpander was the best selling model in July at 2,711 units, followed by Hyundai Accent, 1,423, and Toyota Veloz, 1,395.

In the first seven months, 232,094 units were sold, up 39% year-on-year.

Truong Hai Auto Corporation (THACO) led with 83,201 units sold, up 46% year-on-year.

It was followed by Toyota with 48,650 units and Mitsubishi, with 22,361 units.

Honda and Ford made up the rest of the top five.

Last year, auto sales dropped 3% from 2020 to 383,444 units.

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