Vietnam November 2024: Market up 51.7%, Mitsubishi (+100.9%), Honda (+83.5%) in shape

The Honda City is up 163.2% year-on-year.

Local association VAMA has the Vietnamese new vehicle market at +58.1% to 44,200 in November, leading to a year-to-date tally up 17.2% to 308,546. These figures climb to 54,503 (+51.7%) and 367,395 (+14.9%) when adding Hyundai which reports separately from VAMA.

In the brands charts, Hyundai (+29.1%) reclaims the top spot both in November and year-to-date with a strong 18.9% share compared to 16% so far this year. Toyota (+49.1%) recedes to 2nd place with Thaco-Kia (+37%) staying put at #3. Mitsubishi (+100.9%), Honda (+83.5%) and Isuzu (+62.5%) post the biggest gains in the Top 10 while Ford (+42.6%), Suzuki (+30.1%), Mazda (+29.8%) and Peugeot (+21.1%) are more discreet.

Model-wise, the Mitsubishi Xpander (+65.1%) is once again the favourite of Omani customers but only 14 units above the Mazda CX-5 (+39.4%) which was #1 a year ago. The Honda City (+163.2%) shoots up to #3 with 4.3% share vs. #7 and 2.7% year-to-date just as the Ford Ranger (+54.3%) and Toyota Vios (+37.3%) round out the Top 5. The new Mitsubishi Xforce stays at #7.

Previous month: Vietnam October 2024: Toyota, Mitsubishi outpace soaring market (+41.3%)

One year ago: Vietnam November 2023: Hyundai, Honda ignore diving market, Mazda CX-5 #1 again

Full November 2024 Top 16 All manufacturers and Top 66 All models below.

Note: Medium and heavy commercials are included in the brands ranking, not the models ranking. Some brands such as BMW, Lexus, Mini and Peugeot don’t communicate models detail. 

Vietnam November 2024 – manufacturers:

PosBrandNov-24%/23Oct2024%/23PosFY231Hyundai10,30318.9%+ 29.1%258,84916.0%+ 4.0%112Toyota8,69516.0%+ 49.1%157,93415.8%+ 19.8%223Thaco-Kia7,43213.6%+ 37.0%349,36913.4%– 2.9%334Ford5,59310.3%+ 42.6%438,68310.5%+ 15.6%445Mitsubishi5,0569.3%+ 100.9%537,39010.2%+ 40.5%566Honda4,6338.5%+ 83.5%725,8937.0%+ 31.2%777Mazda4,5488.3%+ 29.8%629,7558.1%– 4.9%658Isuzu1,3542.5%+ 62.5%89,6712.6%+ 25.2%9109Suzuki8771.6%+ 30.1%99,6012.6%– 21.3%8910Peugeot4940.9%+ 21.1%103,0270.8%+ 21.8%101111BMW+Mini3060.6%+ 45.0%121,8800.5%+ 0.4%121312Hyundai Trucks2590.5%+ 94.7%112,3020.6%+ 112.0%111513Lexus1600.3%– 0.6%131,3360.4%– 14.2%141414Hino1230.2%– 50.4%141,3380.4%– 38.8%131215Samco480.1%+ 100.0%162860.1%+ 37.5%151616Daewoo Bus300.1%+ 650.0%151110.0%– 40.3%1618

Vietnam November 2024 – models:

PosModelNov-24%/23Oct2024%/23PosFY231Mitsubishi Xpander2,4224.4%+ 65.1%117,5094.8%+ 3.4%112Mazda CX-52,4084.4%+ 39.4%213,6563.7%– 7.5%333Honda City2,3274.3%+ 163.2%510,0682.7%+ 20.0%7104Ford Ranger2,2574.1%+ 54.3%315,9044.3%+ 12.2%245Toyota Vios2,1373.9%+ 37.3%412,7063.5%+ 21.0%556Hyundai Accent2,0523.8%+ 21.7%811,6773.2%– 20.6%627Mitsubishi Xforce1,8233.3%new713,2673.6%new4 –8Hyundai Tucson1,5842.9%+ 34.6%265,6711.5%+ 13.0%19189Ford Everest1,4582.7%+ 39.0%109,8922.7%+ 16.7%8910Hyundai Creta1,3302.4%+ 9.2%117,7392.1%– 11.7%10711Ford Territory1,2562.3%+ 17.8%127,5132.0%+ 8.1%111312Honda CR-V1,2172.2%+ 125.8%166,2041.7%+ 30.6%171913Kia Seltos1,2122.2%+ 15.0%186,2801.7%– 25.1%151114Hyundai Santa Fe1,2062.2%+ 13.3%156,1121.7%+ 10.6%181615Toyota Yaris Cross1,1882.2%+ 8.8%69,5962.6%+ 536.8%93416Toyota Corolla Cross1,1502.1%+ 223.9%96,6291.8%– 34.1%14817Toyota Veloz Cross1,1462.1%+ 2.7%137,4252.0%– 2.9%121218Kia Sonet1,0632.0%– 11.7%206,8641.9%– 31.4%13619Hyundai Grand i101,0351.9%+ 37.6%195,0801.4%– 25.4%211420Kia Carnival9031.7%+ 64.2%146,2231.7%+ 28.9%162121Toyota Innova Cross7441.4%+ 359.3%174,8311.3%+ 1483.9%226122Kia Carens6921.3%+ 105.3%274,2911.2%+ 29.1%263023Hyundai Venue6901.3%new253,8991.1%new286924Mazda36671.2%– 6.8%234,7411.3%– 18.2%241525Honda HR-V5781.1%+ 30.5%245,2661.4%+ 69.2%202826Ford Transit5621.0%+ 146.5%224,7681.3%+ 33.1%232627Toyota Raize5611.0%+ 312.5%214,2271.2%– 0.2%272428Toyota Fortuner5501.0%+ 87.7%313,2160.9%– 2.0%323129Kia K35201.0%+ 52.5%323,4931.0%+ 23.2%293330Kia Sportage5020.9%+ 151.0%282,8750.8%+ 37.9%344231Mazda24840.9%+ 49.8%294,5501.2%+ 30.2%252532Hyundai Stargazer4680.9%+ 31.8%303,4550.9%+ 0.1%302733Suzuki XL74180.8%+ 175.0%382,8210.8%+ 21.0%353934Hyundai Custin3950.7%– 25.3%372,6570.7%+ 211.5%364635Honda BR-V3860.7%– 29.0%343,2160.9%+ 37.4%313536Mazda CX-83820.7%+ 36.9%392,4870.7%– 7.1%373637Suzuki Carry Pro3410.6%+ 821.6%362,8880.8%+ 3555.7%336738Toyota Hilux3390.6%+ 3666.7%352,0290.6%+ 1497.6%437139Mazda CX-33310.6%+ 263.7%402,2750.6%+ 75.8%414840Mitsubishi Triton3270.6%+ 48.6%332,3470.6%+ 4.8%393841Toyota Wigo3070.6%+ 27.9%452,4070.7%+ 65.2%384542Toyota Avanza Premio2570.5%– 42.2%441,9150.5%– 37.9%442943Mitsubishi Attrage2460.5%– 42.1%412,3270.6%– 48.2%402244Hyundai Palisade2420.4%+ 157.4%431,3960.4%+ 800.6%476345Hyundai Elantra2220.4%– 32.9%421,6990.5%– 32.0%453746Mazda CX-302010.4%– 12.2%461,4830.4%– 2.5%464747Kia Sorento1700.3%+ 56.0%471,0000.3%– 23.7%525048Mitsubishi Outlander1550.3%– 54.3%491,2840.3%– 38.8%484049Toyota Innova1330.2%+ 17.7%487000.2%– 59.5%544450Honda Civic1150.2%+ 9.5%591,0600.3%– 3.5%515351Kia Soluto1060.2%+ 11.6%504800.1%– 49.7%605652Kia Morning950.2%– 34.9%517320.2%– 46.5%534953Isuzu D-Max870.2%+ 222.2%554900.1%+ 3.8%596254Mitsubishi Pajero Sport830.2%+ 25.8%566560.2%– 23.4%555855Suzuki Carry770.1%– 73.5%582,0460.6%– 33.3%423256Mazda6750.1%– 11.8%535580.2%– 44.5%575557Toyota Prado720.1%+ 453.8% –720.0%– 62.5%686858Ford Explorer600.1%– 48.3%606060.2%+ 108.2%566559Suzuki Jimny410.1%new623930.1%new62 –60Toyota Corolla390.1%– 51.3%574500.1%– 65.8%615261Kia K5360.1%– 64.7%612800.1%– 69.9%635762Isuzu MU-X320.1%+ 68.4%632150.1%+ 10.8%656663Toyota Land Cruiser310.1%– 26.2%545310.1%+ 6.6%586064Toyota Camry230.0%– 82.7%521,0610.3%– 51.4%504165Toyota Alphard180.0%– 56.1%641300.0%+ 14.0%667066Honda Accord100.0%+ 0.0%65790.0%+ 54.9%6773

Source: VAMA

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