The Toyota Yaris Cross ranks #6 in Vietnam in October.

According to local association VAMA, the Vietnamese new vehicle market soars 52.8% year-on-year in October to 38,761, leading to a year-to-date tally up 12.3% to 264,346. These figures climb to 46,400 (+41.3%) and 312,892 (+10.2%) when adding Hyundai which reports separately from VAMA. The reason behind this market surge is the adoption by the government of a 50% reduction of the ownership tax. Also keep in mind October 2023 was off -26.6% on the year prior so the comparison set is low.

Toyota (+116.2%) vastly outpaces the surging market to 18.8% share vs. 15.7% year-to-date, overtaking Hyundai (+2.4%) in the year-to-date order to snap the pole position. Thaco-Kia (+14.7%) underperforms at #3 ahead of soaring Ford (+65%) and Mitsubishi (+79.1%) Honda (+67.9%) and Isuzu (+53.9%) also shine.

Model-wise, the Mitsubishi Xpander (+66.9%) scores a 6th win this year with 4.6% share, distancing the Mazda CX-5 (-8.5%) like last month. The Ford Ranger (+27.5%) is up three spots on last month, passin the Toyota Vios (+20.1%) to climb on the third step of the podium. The Honda City (+122.4%) and Toyota Yaris Cross (+542.6%) skyrocket below while the new Mitsubishi Xforce slowly recedes to #7 (-3 on September) as the launch honeymoon period gradually ends. The Toyota Corolla Cross (+342.3%) and Ford Everest (+69.9%) also stand out in the remainder of the Top 10.

Previous month: Vietnam September 2024: Mitsubishi Xpander reclaims lead in surging market (+37.5%)

One year ago: Vietnam October 2023: Hyundai and Mazda CX-5 on top, sales sink -26.6%

Full October 2024 Top 16 All manufacturers and Top 65 All models below.

Note: Some manufacturers such as BMW, Lexus, Mini and Peugeot don’t share models detail.

Vietnam October 2024 – manufacturers:

PosBrandOct-24%/23Sep2024%/23PosFY231Toyota8,73618.8%+ 116.2%149,23915.7%+ 15.8%122Hyundai7,63916.5%+ 2.4%248,54615.5%– 0.2%213Thaco-Kia6,13113.2%+ 14.7%341,93713.4%– 7.6%334Ford5,05210.9%+ 65.0%533,09010.6%+ 12.0%445Mitsubishi4,4019.5%+ 79.1%432,33410.3%+ 34.1%566Mazda3,9338.5%+ 0.2%725,2078.1%– 9.3%657Honda3,6067.8%+ 67.9%621,2606.8%+ 23.5%778Isuzu1,2572.7%+ 53.9%88,3172.7%+ 20.7%9109Suzuki7391.6%+ 8.7%98,7242.8%– 24.3%8910Peugeot4010.9%+ 70.6%102,5330.8%+ 22.0%101111Hyundai Trucks3380.7%+ 164.1%112,0430.7%+ 114.4%111512BMW+Mini2400.5%+ 20.6%121,5740.5%– 5.3%121313Lexus1620.3%+ 4.5%131,1760.4%– 15.8%141414Hino810.2%– 62.3%141,2150.4%– 37.4%131215Daewoo Bus290.1%+ 81.3%15810.0%– 55.5%161816Samco80.0%– 52.9%162380.1%+ 29.3%1516

Vietnam October 2024 – models:

PosModelOct-24%/23Sep2024%/23PosFY231Mitsubishi Xpander2,1314.6%+ 66.9%115,0874.8%– 2.4%112Mazda CX-52,0084.3%– 8.5%211,2483.6%– 13.7%433Ford Ranger1,8814.1%+ 27.5%613,6474.4%+ 7.4%244Toyota Vios1,7573.8%+ 20.1%310,5693.4%+ 18.2%555Honda City1,6703.6%+ 122.4%57,7412.5%+ 3.1%9106Toyota Yaris Cross1,5103.3%+ 542.6%118,4082.7%+ 1926.0%8347Mitsubishi Xforce1,4813.2%new411,4443.7%new3 –8Hyundai Accent1,4253.1%– 3.3%79,6253.1%– 26.0%629Toyota Corolla Cross1,4023.0%+ 342.3%155,4791.8%– 43.6%14810Ford Everest1,2812.8%+ 69.9%128,4342.7%+ 13.6%7911Hyundai Creta1,2282.6%– 0.6%96,4092.0%– 15.1%10712Ford Territory1,1732.5%+ 128.2%146,2572.0%+ 6.4%121313Toyota Veloz Cross1,0612.3%+ 172.1%86,2792.0%– 3.9%111214Kia Carnival1,0442.3%+ 100.0%105,3201.7%+ 24.4%152115Hyundai Santa Fe1,0072.2%+ 9.6%164,9061.6%+ 9.9%181616Honda CR-V8591.9%+ 80.1%134,9871.6%+ 18.5%171917Toyota Innova Cross8171.8%+ 471.3%234,0871.3%+ 2758.0%226118Kia Seltos8151.8%– 25.3%195,0681.6%– 30.9%161119Hyundai Grand i107531.6%+ 12.2%224,0451.3%– 33.2%251420Kia Sonet7181.5%– 37.7%175,8011.9%– 34.1%13621Toyota Raize6981.5%+ 138.2%363,6661.2%– 10.5%262422Ford Transit6761.5%+ 115.3%204,2061.3%+ 25.4%202623Mazda36761.5%– 2.5%214,0741.3%– 19.8%231524Honda HR-V6641.4%+ 81.9%184,6881.5%+ 75.6%192825Hyundai Venue6251.3%new253,2091.0%new286926Hyundai Tucson5581.2%– 55.3%244,0871.3%+ 6.4%211827Kia Carens5151.1%+ 30.1%263,5991.2%+ 20.4%273028Kia Sportage4481.0%+ 163.5%302,3730.8%+ 25.9%354229Mazda24471.0%+ 40.1%324,0661.3%+ 28.2%242530Hyundai Stargazer4330.9%– 12.5%292,9871.0%– 3.5%292731Toyota Fortuner4160.9%+ 54.6%272,6660.9%– 10.8%323132Kia K33810.8%+ 27.0%282,9731.0%+ 19.2%303333Mitsubishi Triton3790.8%– 16.5%342,0200.6%+ 0.0%403834Honda BR-V3580.8%– 23.5%332,8300.9%+ 57.5%313535Toyota Hilux3570.8%+ 2875.0%391,6900.5%+ 1332.2%437136Suzuki Carry Pro3470.7%+ 1345.8%312,5470.8%+ 5964.3%336737Hyundai Custin3140.7%– 3.1%372,2620.7%+ 598.1%364638Suzuki XL73080.7%+ 115.4%382,4030.8%+ 10.3%343939Mazda CX-82940.6%+ 9.7%352,1050.7%– 12.2%373640Mazda CX-32610.6%+ 161.0%431,9440.6%+ 61.6%424841Mitsubishi Attrage2600.6%– 40.6%402,0810.7%– 48.9%392242Hyundai Elantra2180.5%– 13.1%451,4770.5%– 31.8%453743Hyundai Palisade2130.5%+ 249.2%471,1540.4%+ 1791.8%486344Toyota Avanza Premio2110.5%– 16.6%411,6580.5%– 37.1%442945Toyota Wigo2000.4%– 3.8%442,1000.7%+ 72.6%384546Mazda CX-301730.4%– 16.8%461,2820.4%– 0.8%464747Kia Sorento1400.3%+ 33.3%488300.3%– 30.9%525048Toyota Innova950.2%– 26.4%595670.2%– 64.9%554449Mitsubishi Outlander920.2%– 63.8%421,1290.4%– 35.8%494050Kia Soluto870.2%– 6.5%583740.1%– 56.5%615651Kia Morning860.2%– 10.4%526370.2%– 47.8%534952Toyota Camry760.2%– 50.0%491,0380.3%– 49.4%504153Mazda6740.2%– 9.8%504830.2%– 47.6%585554Toyota Land Cruiser650.1%+ 12.1%535000.2%+ 9.6%576055Isuzu D-Max620.1%+ 26.5%544030.1%– 9.4%606256Mitsubishi Pajero Sport580.1%+ 70.6%515730.2%– 27.5%545857Toyota Corolla550.1%– 43.3%604110.1%– 66.7%595258Suzuki Carry510.1%– 80.4%571,9690.6%– 29.1%413259Honda Civic510.1%– 36.3%639450.3%– 4.9%515360Ford Explorer410.1%+ 720.0%565460.2%+ 212.0%566561Kia K5370.1%– 61.1%622440.1%– 70.5%635762Suzuki Jimny330.1%new553520.1%new62 –63Isuzu MU-X230.0%– 11.5%611830.1%+ 4.6%656664Toyota Alphard160.0%n/a641120.0%+ 53.4%667065Honda Accord40.0%– 42.9%65690.0%+ 68.3%6773

Source: VAMA, Hyundai