The Ministry of Transport’s Vietnam Register announced a list of more than 24,400 expired cars and trucks. Of those, roughly 2,640 were passenger buses and the rest were trucks. All vehicles were produced between 1997 and 2000. However, such cars have been marked for sale publicly both on many websites and forums and in car shops. Most were imported, had between 12 and 29 seats and had been used for between 18 and 21 years. Noticeably, many were small vehicles used for transporting passengers or goods in rural areas. The most popular brands were Hyundai, Toyota, Daewoo, Mercedes and Ford Transit for passenger buses and Hyundai, Kamaz, Zin and Mitsubishi for trucks. All were sold at prices of between VND20-100 million (US$800-4,400) each. On the website banxehoi.com, a Hyundai County passenger bus, produced in 1997, was posted for sale at a price of VND50 million (US$2,200). A Toyota Hiace produced in 1999 and a Toyota 16-seat-bus were advertised for sale at the same price each. On website chotot.com, a 16-seat-bus made by Toyota was posted for sale at a price of VND55 million (US$2,420). Another Toyota Hiace bus was advertised for VND42 million (US$1,840). This vehicle was produced in 1998. A seller named only as Trung said that most of these cars were still usable but in poor condition, and car owners would need to repair or upgrade them to extend their lifetimes. Usually, owners had to pay at least VND20 million (US$880) to bring the car to a safe… [Read full story]
Sales of low-cost cars are up sharply as the motorbike market reaches saturation point. More and more people can afford to buy cars The Ministry of Industry and Trade said motorbike sales reached 2.1 million in the first nine months of the year, down 11.3% on a year earlier, with car sales at 138,800, up 55.3% year-on-year. Motorbike dealers say sales have declined to January 2012 levels. The Vietnam Association of Motorcycle Manufacturers (VAMM) said the market is reaching saturation point, with 43 million motorbikes on the road in 2014. More and more people can afford to buy cars and…... [read more]
Crowded street in Bangkok, Thailand (Source: www.plugincars.com)Bangkok (VNA) – The Federation ofThai Industries (FTI) has increased its projection for domestic car sales thisyear to 850,000 cars, a rise of 10.6 percent against the previous year and upfrom its previous prediction of 830,000.FTI said that the domestic market will witnessstrong growth at year’s end, with the international motor expo stimulatingsales in the remaining months. Up to 170,000 cars are expected to be sold inthe period.FTI’s forecast also showed that the local carmarket of Thailand has recovered after sales decline over the past four years.In October, car sales rose 13.1 percent from…... [read more]
Lamborghini will open its first showroom in Ha Noi later this month and it will initially sell one model to start with – the Lamborghini Aventador LP 700-4.— Photo mollyy.com HA NOI (VNS) — Luxury car sales in Viet Nam seem to be unaffected by the struggling economy, with most brands reporting better business in the country. An Audi distributor in Viet Nam said with the increasing demand for luxury cars, the company expects to double its target of its best-selling model for this year. "We plan to order 20 units of Audi A8L by the end of this year,…... [read more]
The State-run Vietnam Motors Industry Corp., or Vinamotor, set to be one of four backbones of Vietnam’s automobile industry by 2015, plans to manufacture 19,300 automobiles in 2006, up 42.49 per cent on year although car sales in the domestic market are falling. The soaring production plan is the result of quick sales of Vinamotor vehicles in the domestic market although sales by most other firms in the country have kept falling for nearly a year, a corporate official said. “The average annual growth of Vinamotor is 45 per cent in recent years,” he added. Last year, Vinamotor turned out 11,100 automobiles…... [read more]
Car sales in Vietnam in January plunged 39 percent from the previous month to 20,232 units (Photo: VNA)Hanoi (VNA) – Car sales in Vietnam in Januaryplunged 39 percent from the previous month to 20,232 units, following a 20-yearrecord in 2016.The Vietnam Automobile Manufacturers’ Association(VAMA) reported on February 13 that the sales of passenger cars dropped 35percent to 14,749 units. Commercial vehicles and special-purpose vehicles alsoexperienced the same trend with 5,098 and 385 units sold, down 45 percent and64 percent respectively.A 34-percent decline was recorded in the numberof domestically assembled vehicles, at 15,504 units. Meanwhile, 4,728 importedcompletely built units (CBU) were…... [read more]
