According to VAMA, car sales in August 2021 are the lowest since 2015 until now. Many car dealers have not been able to reopen – Photo: Cong Trung
This is the situation of auto businesses heavily affected by the COVID-19 epidemic announced by the Vietnam Automobile Manufacturers Association (VAMA) on September 11th.
According to VAMA, the total market sales in August only reached 8,884 units, down 45% compared to July and down 57% over the same period in 2020. Most companies are sluggish, sales decline. Passenger cars sold only 6,231 units, down 40%; commercial vehicles 33% off…
A representative of VAMA said that this is the 5th consecutive month that car sales in Vietnam have gone down. In particular, car sales in August were the lowest since 2015 until now. The next low is February 2016 (the month of the Lunar New Year) with 11,718 vehicles sold.
Since the fourth outbreak of the epidemic, from April 27 to now, many factories of VAMA members have had many periods of pause in production. For businesses that can resume operations and businesses with normal production activities, the number of vehicles in inventory is very large.
It is estimated that more than 200 car dealerships belonging to VAMA members are still closed and cannot reopen. Along with that, more than 200 service workshops were also unable to operate.
“It can be said that the supply chain and distribution activities have been stalled and severely affected, many companies have recorded a decrease in sales of over 60%,” said VAMA.
Regarding sales in August, Thaco continued to be the brand that sold the most cars with 3,668 units, followed by Toyota with 2,257 units. Car company of billionaire Pham Nhat Vuong VinFast achieved sales of 2,310 vehicles, including models Fadil, Lux A2.0, Lux SA2.0.
“The last month’s influence, prolonged social distancing in many localities, and the global shortage of components and semiconductor chips have had a significant impact on the Vietnamese auto market in general and VinFast in particular in the past month.” , VinFast said.
According to car manufacturers, many localities are implementing distance, suspending new car registration procedures, along with the fact that retail agents have to close for a long time to fight the epidemic, which has caused a sharp decline in car consumption.
Many automobile manufacturing and assembly enterprises are operating in moderation. OLDIncentive programs to reduce car sales are considered a lifeline for manufacturers and car distributors to salvage sales while limiting inventory.