The Vietnam Association of Motorcycle Manufacturers (VAMM) has predicted that this year's auto sales may reach a record high of 120,000 units, or 9% higher than 2013's figure.
VAMA reported that the domestic auto industry sold 7,314 units in February, lower than the previous month but up 72% compared to a year earlier.
February 2014 was the 11th consecutive month experiencing a year-on-year increase in auto sales, said the Association, which also raised concern over a decline in both auto imports and local auto outputs.In the first two months of this year, the domestic auto industry enjoyed an annual increase of 39% in revenue. Cars and trucks were among the best sellers on the local market in the reviewed period, said VAMA.
auto sales, vietnam association, record high, auto industry, auto imports, the first, two months, this year, local market
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