The Mitsubishi Xpander is the best-selling vehicle in Vietnam both this month and YTD.

Local association VAMA has the Vietnamese new vehicle market surging 44.2% year-on-year in September to 36,585 units, leading to a year-to-date volume up 7.5% to 225,585. These figures climb to 43,103 (+37.5%) and 266,210 (+6%) when adding Hyundai which reports separately from VAMA. The reason behind this market surge is the adoption by the government of a reduced 50% of the ownership tax.

Toyota (+69.6%) manages to outrun the market to hold onto the brands top spot with 16.2% share, one percentage point above its YTD level of 15.2%. It remains #2 YTD however below Hyundai (+9.1%), disappointing this month. Similarly Thaco-Kia (+8.9%) is weak at #3. Mitsubishi on the other hand is up 88.1% to 12.5% share vs. 10.5% YTD. Isuzu (+63.7% also shines while Ford (+27.2%) and Honda (+41.2%), although displaying significant gains, just can’t catch up with the market growth.

The Mitsubishi Xpander (+40.1%) reclaims the top spot in the models charts both for the month and year-to-date. As a reminder the Xpander already finished first over the Full Year 2023. The Mazda CX-5 (-8.3%) advances one spot on August to #2 ahead of the Toyota Vios (+23.1%) also up one rank to #3. Leader for the past two months, the Mitsubishi Xforce falls to #4 and ranks #3 year-to-date. It’s an excellent month for the Honda City (+121.1%) up 14 spots on last month to #5. 

Previous month: Vietnam August 2024: Mitsubishi Xforce repeats at #1, Ford Ranger now #1 YTD

One year ago: Vietnam September 2023: Mazda CX-5 repeats at #1 in depleted market

Full September 2024 Top 16 All brands and Top XX All models below.

Note: Medium and large commercial vehicles are included in the brands ranking but not in models. Some manufacturers such as BMW, Lexus, Mini and Peugeot don’t share model detail.

Vietnam September 2024 – brands:

PosBrandSep-24%/23Aug2024%/23PosFY231Toyota6,98616.2%+ 69.6%140,50315.2%+ 5.2%222Hyundai6,51815.1%+ 9.1%240,62515.3%– 1.3%113Thaco-Kia5,63513.1%+ 8.9%435,80613.5%– 10.6%334Mitsubishi5,38512.5%+ 88.1%327,93310.5%+ 29.0%565Ford3,9679.2%+ 27.2%528,03810.5%+ 5.9%446Honda3,6078.4%+ 41.2%717,6546.6%+ 17.1%777Mazda3,5838.3%– 0.7%621,2748.0%– 10.9%658Isuzu1,1102.6%+ 63.7%87,0602.7%+ 16.3%9109Suzuki7801.8%– 13.6%97,9853.0%– 26.4%8910Peugeot2610.6%+ 15.5%102,1320.8%+ 15.7%101111Hyundai Trucks2300.5%+ 115.0%111,7050.6%+ 106.7%111512BMW+Mini2070.5%+ 19.0%121,3340.5%– 8.8%121313Lexus1570.4%– 11.3%141,0140.4%– 18.4%141414Hino890.2%– 59.7%131,1340.4%– 34.3%131215Daewoo Bus170.0%+ 21.4%16520.0%– 68.7%161816Samco90.0%– 70.0%152300.1%+ 37.7%1516

Vietnam September 2024 – models:

PosModelSep-24%/23Aug2024%/23PosFY231Mitsubishi Xpander2,6886.2%+ 40.1%512,9564.9%– 8.7%112Mazda CX-51,8564.3%– 8.3%39,2403.5%– 14.7%433Toyota Vios1,8424.3%+ 23.1%48,8123.3%+ 17.8%554Mitsubishi Xforce1,8214.2%new19,9633.7%new3 –5Honda City1,5903.7%+ 121.1%196,0712.3%– 10.1%9106Ford Ranger1,4733.4%+ 9.4%211,7664.4%+ 4.7%247Hyundai Accent1,2903.0%– 24.6%68,2003.1%– 28.9%628Toyota Veloz Cross1,1472.7%+ 89.9%135,2182.0%– 15.0%10129Hyundai Creta1,0682.5%+ 11.4%95,1811.9%– 17.9%11710Kia Carnival1,0232.4%+ 161.6%304,2761.6%+ 13.9%142111Toyota Yaris Cross9792.3%+ 443.9%76,8982.6%+ 3732.2%83412Ford Everest9482.2%+ 27.6%87,1532.7%+ 7.2%7913Honda CR-V9252.1%+ 27.9%284,1281.6%+ 10.6%161914Ford Territory8221.9%+ 17.1%115,0841.9%– 5.3%121315Toyota Corolla Cross8011.9%+ 248.3%104,0771.5%– 56.6%17816Hyundai Santa Fe7581.8%+ 61.3%143,8991.5%+ 10.0%191617Kia Sonet7421.7%– 34.0%175,0831.9%– 33.6%13618Honda HR-V6951.6%+ 184.8%374,0241.5%+ 74.7%182819Kia Seltos6811.6%– 36.1%164,2531.6%– 31.9%151120Ford Transit6731.6%+ 106.4%123,5301.3%+ 16.1%212621Mazda35821.4%– 15.7%213,3981.3%– 22.5%231522Hyundai Grand i105611.3%– 10.7%243,2921.2%– 38.9%241423Toyota Innova Cross5301.2%new203,2701.2%new256124Hyundai Tucson4951.1%– 14.4%183,5291.3%+ 36.2%221825Hyundai Venue4821.1%new262,5841.0%new296926Kia Carens4771.1%+ 21.4%233,0841.2%+ 19.0%263027Toyota Fortuner4511.0%+ 48.4%312,2500.8%– 17.3%323128Kia K34431.0%+ 77.2%252,5921.0%+ 18.1%283329Hyundai Stargazer4431.0%+ 10.8%222,5541.0%– 1.8%302730Kia Sportage4070.9%+ 142.3%291,9250.7%+ 12.2%364231Suzuki Carry Pro3950.9%+ 2721.4%332,2000.8%+ 12122.2%336732Mazda23800.9%+ 36.7%153,6191.4%+ 26.8%202533Honda BR-V3720.9%– 53.1%392,4720.9%+ 86.0%313534Mitsubishi Triton3600.8%+ 80.9%471,6410.6%+ 4.8%423835Mazda CX-83190.7%+ 27.6%381,8110.7%– 15.0%403636Toyota Raize3120.7%– 6.9%272,9681.1%– 22.0%272437Hyundai Custin3020.7%new351,9480.7%new354638Suzuki XL72820.7%+ 70.9%632,0950.8%+ 2.9%343939Toyota Hilux2800.6%+ 1300.0%401,3330.5%+ 1157.5%447140Mitsubishi Attrage2500.6%– 49.1%321,8210.7%– 49.9%392241Toyota Avanza Premio2040.5%– 30.1%451,4470.5%– 39.3%432942Mitsubishi Outlander1980.5%+ 23.0%361,0370.4%– 31.1%484043Mazda CX-31930.4%+ 93.0%341,6830.6%+ 52.6%414844Toyota Wigo1830.4%– 2.1%411,9000.7%+ 88.3%384545Hyundai Elantra1790.4%– 36.3%441,2590.5%– 34.3%453746Mazda CX-301650.4%+ 14.6%431,1090.4%+ 2.3%474747Hyundai Palisade1630.4%new469410.4%new506348Kia Sorento1160.3%+ 12.6%496900.3%– 37.1%525049Toyota Camry1080.3%– 40.0%489620.4%– 49.3%494150Mazda6880.2%+ 17.3%544090.2%– 51.3%585551Mitsubishi Pajero Sport680.2%– 27.7%525150.2%– 31.9%545852Kia Morning620.1%– 24.4%555510.2%– 51.0%534953Toyota Land Cruiser610.1%– 6.2%594350.2%+ 9.3%576054Isuzu D-Max610.1%+ 90.6%503410.1%– 13.9%606255Suzuki Jimny580.1%new513190.1%new61 –56Ford Explorer510.1%n/a565050.2%+ 197.1%556557Suzuki Carry450.1%– 82.1%421,9180.7%– 23.8%373258Kia Soluto440.1%– 51.1%612870.1%– 62.6%625659Toyota Innova380.1%– 66.1%534720.2%– 68.2%564460Toyota Corolla370.1%– 54.9%573560.1%– 68.7%595261Isuzu MU-X360.1%+ 24.1%601600.1%+ 7.4%656662Kia K5200.0%– 77.8%622070.1%– 71.7%645763Honda Civic170.0%– 76.4%588940.3%– 2.2%515364Toyota Alphard130.0%+ 1200.0%64960.0%+ 31.5%667065Honda Accord80.0%+ 166.7%65650.0%+ 91.2%6773

Source: VAMA