A VEAM Motor (VM) representative stated that after reviewing the results of the September 5th auction, the company will aggressively reduce inventory in the next auction on October 17th at the VEAM Motor factory.
All vehicles will be divided into small lots of one to five vehicles each, targeting a wider range of customers including dealers, businesses, and individual buyers. This promises an opportunity to acquire vehicles at accessible prices.
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Models in VEAM's upcoming auction. Photo: VM |
Models in VEAM's upcoming auction. Photo: VM
Specifically, VM's assets for auction include trucks, dump trucks, buses, and specialized vehicles. The vehicles are new, stored at the VEAM factory, and have complete legal documentation. Registration is open from 22/9 to 14/10, and the auction is scheduled to begin at 9 a.m. on 17/10.
The auction will be held live at the VEAM Motor factory (Residential Group 6 Bac Son, Quang Trung Ward, Thanh Hoa) using an ascending bid format. A VM representative said the auction format facilitates inventory reduction, optimizes asset value, and offers consumers more affordable vehicle options. "This is a step forward for VEAM in diversifying sales methods, avoiding waste, and maximizing capital recovery," the representative added.
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Forland D90 dump truck. Photo: VM |
Forland D90 dump truck. Photo: VM
While clearing existing stock, VM is also focusing on developing new products. The Foton T25 and VEAM S80 light trucks have received positive customer feedback. The company plans to launch the 3.5-ton Forlan D65 and 6-ton Forlan D90 dump trucks, as well as the 945 kg V2 van truck.
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V2 van truck. Photo: VM |
V2 van truck. Photo: VM
VEAM Motor factory, a subsidiary of Vietnam Engine and Agricultural Machinery Corporation, is 88.5% owned by the Ministry of Industry and Trade. Through its subsidiary, Diesel Song Cong, it holds 30% of Honda Vietnam, 20% of Toyota Vietnam, and 25% of Ford Vietnam.
In addition to these holdings, VEAM also manufactures other products such as tractors, rice mills, trucks, and vehicle parts.
Quang Anh
For consultation and auction registration: Vietnam Auction Partnership Company.
Address: Unit 6, 1st Floor, Sunrise IIA Building, NO2A, Sai Dong Urban Area, Phuc Loi Ward, Hanoi.
Phone: 0976 448 446
Contact for consultation and vehicle viewing: 0974250478. Fanpage here.
