Vietnam's automobile sales drop 50% in February
HANOI: Vietnam's automobile sales in February fell 50 per cent year on year to 11,633 units, marking the largest decline in three years, Vietnam News Agency reported on Wednesday (March 13), citing the Vietnam Automobile Manufacturers' Association.

The figure was lower than the 13,585 units recorded in February 2021 during the Covid-19 pandemic, according to the report.

The association attributed the auto sales slump chiefly to the week-long Lunar New Year holidays.

Businesses and experts also blamed it on economic challenges and expiration of the 50 per cent registration fee reduction on Jan 1.

From the beginning of March, many of the car brands in the country have offered discounts and run various promotion programs to boost sales. - Xinhua
Vietnam,automobile,sales,February
HANOI: Vietnam's automobile sales in February fell 50 per cent year on year to 11,633 units, marking the largest decline in three years, Vietnam News Agency reported on Wednesday (March 13), citing the Vietnam Automobile Manufacturers' Association.