Analyst Pin-board: Automobile industry - Update on the first two months of 2020
VAMA’s sales dropped in the first two months of the year
Up to the end of February 2020, VAMA’s sales decreased by 26% to 31,908 units. In particular, sales of passenger cars and commercial vehicles recorded a decline of 30% and 12% respectively, reaching 24,458 units and 7,073 units. Passenger car consumption fell largely due to the negative impacts of the Covid-19 epidemic on the income and consuming behavior of buyers. In terms of commercial vehicles, the decline in sales volume may have come from some factors such as (1) the producing and mining sectors were stagnant because of Covid-19, plus (2) the downward trend since 2017 until now. In contrast, special-purpose vehicles increased by 24% to 377 units.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.