VN's automobile market stands fifth place in the region

February 17, 2024

Malaysia was in second with 799,731 units, an increase of 10.9 per cent compared to 2022, meanwhile Thailand came in third with 775,780 units, a decrease of 8.7 per cent compared to 2022. Philippines stood fourth with 429,807 cars, an increase of 21.9 per cent compared to 2022. Việt Nam dropped to fifth with 301,989 cars, down 25.4 per cent compared to the figure of 2022. Passenger cars decreased by 27 per cent, commercial vehicles decreased by 16 per cent and specialised vehicles decreased by 56 per cent year-on-year. These factors have affected the purchasing power of people, leading to a slowdown in car sales.

The source of this news is from Vietnam News