April car sales fall 4 pct on year in Vietnam

Vietnam’s car sales fell slightly in April, declining 4 percent from a year earlier to 20,557 units, according to data released by the Vietnam Automotive Manufacturers Association (VAMA).

According a report by Reuters, car sales in April were 2 percent lower than in March, VAMA said in a statement.

Toyota remained the leading brand last month, with sales rising 3 percent from a year earlier to 4,234 units.

Truong Hai (Thaco) group, the local assembler and distributor of brands such as Kia, Mazda, Peugeot and Hyundai and a significant player in the commercial vehicle segment, reported a 0.5 percent rise in group sales to 8,679 units in April.

Ford’s sales were 47 percent lower at 1,359 units in April while Honda sales rose four-fold to 2,815 units.

For the first four months of this year, total car sales in the country fell 2 percent from a year earlier to 79,115 units, VAMA said.

Reporting by Khanh Vu; Editing by Sunil Nair