http://au.biz.yahoo.com//070912/17/1e74k.html
Wednesday September 12, 1:12 PM
PASSENGER CAR SALES DRIVE VIETNAM'S AUTO MARKET AT FULL THROTTLE
HANOI, Sept 12 Asia Pulse - Automakers in Vietnam sold a
combined 6,559 vehicles in August, up 73 per cent over the same
period in 2006, according to industry data released on Sept.
11. It was the seventh consecutive month the industry recorded a
year-on-year rise. The Vietnam Automobile Manufacturers Association (VAMA), a
group consisting of the country's 18 leading carmakers,
attributed the increase to higher passenger car sales, which
rose 146 per cent year-on-year to 1,417 units last month. The Commercial vehicle and SUV/MPV (sport utility vehicles
and multi-purpose vehicles) segments registered a jump of 81
per cent and 35 per cent, respectively. According to VAMA Chairman Udo Loersch, total car sales so
far this year have grown 80 per cent compared to the first
eight months of 2006 to 41,557 units. The companies have sold 9,320 passengers cars so far this
year, up 156 per cent, due to the growing middle class, said
VAMA. The country currently has over 700,000 privately-owned cars,
versus 19 million motorbikes. (VNA)
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