November auto sales rise to year high as government halves registration fee

Update: 14:53 | 13/12/2021

November saw the highest monthly auto sales this year of 38,656 units as a discount in registration fees sent buyers scrambling to dealers’.

The figure represented a 30 percent rise from October and 6 percent increase year-on-year, according to the Vietnam Automobile Manufacturers Association.

The government cut registration fees for locally produced cars by 50 percent for six months starting December 1.

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Customers view cars at a dealer in southern Vietnam.

November was the third month in a row in which auto sales rose after five months of declines between April and August as the fourth wave of Covid-19 hit sales.

In the first 11 months of this year 257,390 units were sold, a 3 percent rise.

Thaco, an assembler of Mazda and Peugeot led with 88,967 units, up 5 percent, followed by Toyota with 55,109 units, down 7 percent, and Mitsubishi, Ford and Honda made up the top five.

Last year sales fell by 8 percent to 296,634 units as the Covid-19 pandemic hit the economy, people’s incomes and discretionary spending.

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Source: VnExpress

 
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