As the demand for cars shot up at Tet, several firms recorded a dramatic increase in sales volume, leading to strong growth for the auto market in January. Despite economic woes and the fear that consumers might suspend their car purchase plans to wait for registration fee cuts, car consumption in the first month of the year was high compared to the same period last year. Auto dealers and manufacturers... 

Mercedes-Benz Vietnam promises to introduce a wide range of new car series as well as to expand the dealer system nationwide this year, aiming to keep its long-established leading position in the luxury segment in the local market. The German auto maker said that this year it will launch eight new models on the path of meeting ever-diversifying demands of Vietnamese customers who are always interested... 

The local automobile market has seen signs of recovery before the Lunar New Year holiday, or Tet, as customer demand has increased compared to previous months. Some dealers of Toyota Vietnam and Honda Vietnam said that demand has picked up sharply and their customers are not able to take cars until after Tet or later. According to Toyota Vietnam, there were 581 Camry cars produced last month, of which... 

* Car firms race to launch Tet promotions Auto sale volumes of the whole market reached nearly 10,000 units last month, taking the total sale in all 2012 to 93,000 units, higher than the revised estimate but lower than the 2011 figure, says the Vietnam Automobile Manufacturers Association (VAMA). Obviously, the local auto market in the final month of the year 2012 showed a slight recovery compared... 

Auto manufacturers and dealers are concerned that their sales might go down since a possible car registration fee reduction could lead consumers to suspend their purchase plans. The Government is working on the draft of a resolution thrashing out measures designed to help the corporate sector the difficulties for production and business activities, including lowering the automobile registration fee. If... 

The Ministry of Finance (MOF) has suggested to reducing the car ownership registration tax and delay the plan to collect the kind of fee aimed in restricting private vehicles in circulation. The news has raised the hope that the car market would warm up early the next year. Suggestions believed to help warm up market The suggestions have made to the government as a part of the plan to help enterprises... 

While the Government’s draft resolution implies automobile registration fee reductions would start next year to support consumers and enterprises, there are concerns the fee will remain high and cause little positive impact on the gloomy auto market. According to this draft resolution, the proposed personal car ownership restriction fee will not be put into practice. The registration fee for... 

Auto sales in November slightly rebounded thanks to a mild increase in local demand towards the year’s end, carmakers said. Toyota Vietnam last month sold nearly 3,000 units, up roughly 500 units against a month earlier, while Truong Hai had 2,424 units consumed, a month-on-month pickup of 288 units. Honda Vietnam sold 371 units, soaring 157 units over the previous month, and Mercedes-Benz Vietnam... 

The number of completely built-up (CBU) cars imported into Vietnam in October is only 2,000 with an import value of some US$50 million, unchanged in volume but falling US$12 million in value compared to the preceding month. The import volume in October is also equal to the figures in July and August, with a small difference of some millions of U.S. dollars in values. Since January, the monthly CBU... 

The car sales have increased slightly after automobile manufacturers launched a series of new models. However, high hopes would be put in the last two months of the year. Car demand still high After the five-month decrease period, automobile joint ventures have seen the sales increasing slightly since June. Reports showed that 5858 cars were sold in June, an increase of 2 percent over the previous...