While industry sales suffered a sharp contraction in 2012, vehicle sales in 2013 got off to a strong start. June auto sales came in at 8,239 units, according to the Vietnam Automobile Manufacturers Association (VAMA), a 41% increase year-on-year (y-o-y). Three consecutive months of strong double-digit growth highlights the impressive comeback, which sales have made in H113 compared with the low base of 2012. Cumulative auto sales for H113 were 43,131 units, up 20.8% y-o-y. Having upgraded our sales forecast back in May, vehicle sales are well in-line to meet our full-year bullish growth forecast of 8.7%, to over 85,000 …
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