Imported car prices to increase despite sales drop

Posted on 11 March 2010

Despite a slow-down in the domestic auto market, many car-import companies said they would have to increase vehicle prices since a tax break had ended recently while registration fees had been raised. In the January-February 2010 period, sales of imported cars in the country dropped sharply, up to 80 percent, from a year earlier, said car companies. Customers inspect cars at an auto shop in Vietnam

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Imported car prices to increase despite sales drop

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Kismemalgam - who has written 32 posts on VietSight.com.


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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making