The Mitsubishi Xforce is the best-selling vehicle in Vietnam in July.

According to local carmaker association VAMA, the Vietnamese new vehicle market rises 17.1% year-on-year in July to 28,920, tilting the year-to-date tally into negative at +1.1% to 163,804. These figures climb to 33,967 (+18.3%) and 193,232 (-0.4%) when adding Hyundai which reports separately from VAMA.

Toyota (+69.9%) surges ahead to dominate the brands charts with 19.1% share vs. 14.9% so far this year. In 2nd place, Hyundai (+25.1%) also beats the market but drops one spot on June. Thaco-Kia (-16.4%) is in difficulty at #3 while Mitsubishi (+9%) and Ford (stable) can’t capitalise on the market growth. Honda (+50.7%) and Isuzu (+47.2%) shine.

Model-wise, the new Mitsubishi Xforce snaps the pole position for the first time, only three units above the Toyota Vios (+543.9%) catching up on a paltry year-ago result. The Mitsubishi Xpander (-42.3%) is in freefall but holds onto the YTD top spot. #1 last month, the Ford Ranger (+8.6%) falls to #4 ahead of the new Toyota Yaris Cross up two ranks to #5.

Previous month: Vietnam June 2024: Ford Ranger takes the lead

One year ago: Vietnam July 2023: Mitsubishi Xpander and Mazda CX-5 on top, VinFast VF 5 Plus in Top 10

Full July 2024 Top 16 All brands and Top 68 All models below.

Note: The brands ranking includes medium and heavy commercial vehicles, but the models ranking does not. Some brans such as BMW, Lexus, Mini and Peugeot don’t share models detail

Vietnam July 2024 – brands:

PosBrandJul-24%/23Jun2024%/23PosFY231Toyota6,47919.1%+ 69.9%228,81714.9%– 5.4%222Hyundai5,04714.9%+ 25.1%129,42815.2%– 8.2%113Thaco-Kia4,10512.1%– 16.4%326,43813.7%– 12.7%334Mitsubishi3,83511.3%+ 9.0%518,4579.6%+ 12.8%565Ford3,1509.3%+ 0.0%420,80110.8%+ 1.1%446Mazda2,5037.4%– 20.2%615,1827.9%– 11.9%657Honda2,4067.1%+ 50.7%712,8876.7%+ 16.3%778Isuzu1,0443.1%+ 47.2%95,1802.7%+ 10.0%9109Suzuki3771.1%– 70.6%86,7363.5%– 25.6%8910Peugeot2610.8%+ 36.6%101,6140.8%+ 13.4%101111Hyundai Trucks2250.7%+ 147.3%111,3150.7%+ 106.4%111512BMW+Mini1560.5%– 17.9%131,0030.5%– 8.2%131313Hino1090.3%+ 1.9%129660.5%– 29.8%121214Lexus1090.3%– 10.7%147960.4%– 12.0%141415Samco110.0%– 52.2%152030.1%+ 79.6%151616Daewoo Bus40.0%– 69.2% –280.0%– 61.1%1618

Vietnam July 2024 – models:

PosModelJul-24%/23Jun2024%/23PosFY231Mitsubishi Xforce1,7485.1%new55,6382.9%new6 –2Toyota Vios1,7455.1%+ 543.9%85,9603.1%+ 4.6%553Mitsubishi Xpander1,4924.4%– 42.3%39,2654.8%– 12.3%114Ford Ranger1,2763.8%+ 8.6%19,0194.7%+ 2.8%245Toyota Yaris Cross1,2423.7%new74,9922.6%new8346Mazda CX-51,0443.1%– 37.3%26,3143.3%– 10.9%337Hyundai Accent9852.9%– 28.4%45,9733.1%– 32.3%428Ford Everest9512.8%+ 11.8%65,3932.8%+ 2.5%799Toyota Veloz Cross7662.3%+ 46.7%113,5331.8%– 29.8%121210Honda City7442.2%+ 63.9%204,0602.1%– 28.1%91011Ford Territory7372.2%+ 7.4%93,6861.9%– 11.4%111312Hyundai Creta6862.0%+ 24.5%103,5001.8%– 29.8%13713Honda HR-V6822.0%+ 149.8%353,1161.6%+ 68.1%152814Toyota Corolla Cross6712.0%– 40.4%122,6991.4%– 63.8%19815Hyundai Stargazer6181.8%+ 312.0%171,7340.9%– 17.7%322716Honda CR-V5741.7%+ 22.9%282,9121.5%+ 16.9%171917Kia Seltos5261.5%– 41.9%143,1331.6%– 25.6%141118Hyundai Tucson5251.5%+ 102.7%162,6091.4%+ 42.7%211819Hyundai Santa Fe5111.5%+ 73.8%152,6301.4%– 7.7%201620Kia Carnival5001.5%+ 0.0%192,9731.5%– 0.4%162121Kia Sonet4921.4%– 52.2%133,9112.0%– 28.4%10622Mazda24251.3%+ 86.4%252,7971.4%+ 22.2%182523Hyundai Grand i104001.2%– 22.3%432,4211.3%– 44.6%231424Kia Carens3941.2%+ 5.6%242,2411.2%+ 18.0%273025Toyota Raize3931.2%+ 17.3%222,3601.2%– 26.5%242426Mazda33821.1%– 30.3%212,4361.3%– 22.3%221527Toyota Fortuner3581.1%– 6.8%271,5630.8%– 28.5%353128Honda BR-V3401.0%+ 20.1%341,8921.0%+ 568.6%283529Kia K33311.0%+ 32.4%231,8411.0%+ 5.5%293330Hyundai Venue2900.9%new261,8050.9%new306931Toyota Hilux2710.8%+ 2610.0%318470.4%+ 1076.4%477132Mazda CX-32620.8%+ 133.9%381,2650.7%+ 34.1%404833Toyota Innova Cross2590.8%new182,3341.2%new256134Mitsubishi Attrage2470.7%– 36.2%301,3380.7%– 52.6%382235Toyota Wigo2310.7%– 26.4%291,5170.8%+ 154.1%364536Suzuki Carry Pro2290.7%n/a421,5770.8%n/a346737Kia Sportage2260.7%+ 79.4%321,2270.6%– 14.9%414238Mazda CX-82140.6%– 32.1%371,2820.7%– 21.4%393639Mitsubishi Triton2040.6%– 12.1%331,1950.6%– 0.7%433840Toyota Avanza Premio1870.6%– 28.9%391,1140.6%– 38.0%442941Hyundai Custin1750.5%new401,4290.7%new374642Hyundai Elantra1370.4%– 25.1%479480.5%– 35.9%453743Mazda CX-301340.4%+ 34.0%498040.4%– 9.5%484744Toyota Camry1290.4%– 31.0%467890.4%– 50.1%494145Ford Transit1180.3%– 72.8%362,2821.2%+ 3.4%262646Hyundai Palisade1050.3%new506760.3%new506347Mitsubishi Outlander860.3%– 55.0%416220.3%– 48.5%514048Toyota Corolla780.2%– 41.8%642860.1%– 71.0%585249Kia Sorento770.2%– 33.0%485020.3%– 46.3%525050Toyota Land Cruiser710.2%+ 12.7%543520.2%+ 25.7%576051Ford Explorer680.2%+ 1600.0%524210.2%+ 147.6%546552Honda Civic600.2%– 48.7%448530.4%+ 9.4%465353Toyota Innova600.2%– 60.5%573880.2%– 69.0%564454Mitsubishi Pajero Sport580.2%– 52.5%553990.2%– 29.0%555855Suzuki Carry540.2%– 68.8%451,7030.9%– 19.0%333256Kia Morning540.2%– 44.9%514510.2%– 53.6%534957Isuzu D-Max500.1%+ 25.0%592200.1%– 35.9%626258Suzuki Jimny460.1%new532040.1%new63 –59Mazda6420.1%– 58.8%612790.1%– 60.9%595560Kia K5410.1%– 56.8%621730.1%– 69.2%645761Kia Soluto380.1%– 51.3%582240.1%– 62.5%615662Suzuki XL7200.1%– 89.8%601,8000.9%+ 5.9%313963Suzuki Ertiga190.1%– 66.1%561,1990.6%+ 298.3%425464Isuzu MU-X190.1%+ 11.8%631040.1%– 2.8%656665Toyota Alphard180.1%+ 350.0%66740.0%+ 8.8%667066Suzuki Swift80.0%– 80.5%652250.1%– 2.2%606467Honda Accord60.0%+ 100.0%67540.0%+ 86.2%677368Suzuki Super Carry Pro10.0%– 99.9% –190.0%– 99.6%6820

Source: VAMA, Hyundai