The Mitsubishi Xpander is the best-selling vehicle in Vietnam in January.

According to local association VAMA, sales of locally-produced vehicles in Vietnam are up 11.1% year-on-year in January to 19,243 units. Adding Hyundai who reports separately, the market is up 9.6% to 22,812. Hyundai (+2.1%) is stable at #1 with 15.6% share, ahead of Thaco-Kia (+19.9%) and Ford (+13.2%) both beating the market. Toyota (-27%) has a horrendous month and falls to #4. The following five brands outpace the market, with Isuzu (+149.7%) and Suzuki (+86.4%) the most dynamic and Honda (+35.4%) and Mazda (+17.5%) also strong.

Model-wise, the Mitsubishi Xpander (+80.2%) recalls the top spot it held over the Full Year 2023, distancing the Ford Ranger (+19.3%) up four spots on December to #2 and the Hyundai Accent (-10.5%) staying at #3. The Mazda CX-5 (+94%) shoots up year-on-year as do the Toyota Innova (+445.6%), Honda HR-V (+304.5%), Toyota Vios (+137.5%), Kia Sonet (+81.6%) and Seltos (+44.4%) in the remainder of the Top 10.

Previous post: Vietnam Full Year 2023: Mitsubishi Xpander takes the lead, market off -23.7%

One year ago: Vietnam January 2023: Ford (+130.7%) ignores freefalling market (-45.5%)

Full January 2024 Top 15 All manufacturers and Top 68 models below.

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

Vietnam January 2024 – manufacturers:

PosBrandJan-24%/23DecFY231Hyundai3,56915.6%+ 2.1%112Thaco-Kia3,12313.7%+ 19.9%333Ford2,67111.7%+ 13.2%444Toyota2,2089.7%– 27.0%225Honda2,0238.9%+ 35.4%776Mazda1,9728.6%+ 17.5%557Mitsubishi1,7937.9%+ 56.6%668Suzuki1,5947.0%+ 86.4%899Isuzu4822.1%+ 149.7%91010Peugeot2241.0%+ 1.8%101111Hyundai Trucks1500.7%+ 51.5%141512Lexus1360.6%+ 1136.4%131413Hino1330.6%+ 18.8%111214BMW+Mini1240.5%– 35.4%121315Samco640.3%+ 2033.3%1516

Vietnam January 2024 – models:

PosModelJan-24%/23DecFY231Mitsubishi Xpander1,2855.6%+ 80.2%212Ford Ranger1,1435.0%+ 19.3%643Hyundai Accent9164.0%– 10.5%324Mazda CX-58073.5%+ 94.0%435Honda HR-V8013.5%+ 304.5%22286Ford Everest7853.4%+ 1.9%1097Kia Sonet7103.1%+ 81.6%1168Toyota Vios6532.9%+ 137.5%159Toyota Innova6222.7%+ 445.6%464410Kia Seltos5242.3%+ 44.4%121111Honda City4822.1%– 36.5%91012Hyundai Grand i104802.1%– 24.1%151413Suzuki Carry4602.0%– 0.2%283214Suzuki XL74502.0%+ 179.5%453915Suzuki Ertiga4271.9%+ 1234.4%365416Hyundai Creta4131.8%– 29.4%5717Mazda33981.7%+ 3.6%171518Ford Territory3901.7%– 22.6%131319Mazda23721.6%+ 61.7%252520Kia Carnival3391.5%+ 37.2%232121Toyota Yaris Cross3341.5%new83422Honda BR-V3281.4%new203523Kia Carens3041.3%+ 31.6%263024Honda CR-V2701.2%– 22.4%161925Toyota Raize2631.2%– 37.1%352426Toyota Veloz2531.1%– 55.5%71227Ford Transit2511.1%+ 122.1%382628Hyundai Custin2441.1%#DIV/0!194629Hyundai Tucson2090.9%– 7.1%141830Hyundai Venue1960.9%new476931Kia K31750.8%– 22.2%323332Mazda CX-81720.8%+ 10.3%333633Toyota Corolla Cross1710.7%– 80.3%27834Hyundai Elantra1530.7%– 28.2%313735Mitsubishi Attrage1500.7%– 37.2%242236Mitsubishi Triton1490.7%+ 79.5%343837Suzuki Carry Pro1480.6%#DIV/0!516738Mazda CX-31410.6%– 10.8%424839Mitsubishi Pajero Sport1360.6%+ 1600.0%485840Honda Civic1340.6%– 26.4%505341Hyundai Santa Fe1300.6%– 59.8%181642Toyota Avanza1270.6%– 23.0%212943Kia Sportage1130.5%– 47.7%394244Toyota Camry1030.5%– 55.2%414145Ford Explorer1020.4%+ 580.0%636546Suzuki Swift980.4%+ 1125.0%596447Hyundai Palisade850.4%new406348Toyota Wigo840.4%n/a374549Hyundai Stargazer750.3%– 58.8%292750Mitsubishi Outlander730.3%– 28.4%304051Kia Morning680.3%– 52.8%554952Toyota Fortuner630.3%– 67.0%443153Kia Sorento610.3%– 49.2%495054Mazda6500.2%– 50.0%575555Toyota Corolla490.2%– 61.4%535256Kia Soluto410.2%– 49.4%565657Kia K5340.1%– 40.4%525758Mazda CX-30270.1%– 82.0%544759Isuzu MU-X190.1%+ 171.4%626660Isuzu D-Max180.1%– 68.4%616261Toyota Innova Cross170.1%new436162Toyota Land Cruiser160.1%– 59.0%606063Honda Accord80.0%+ 14.3%687364Suzuki Super Carry Pro80.0%– 95.8%642065Toyota Yaris70.0%– 53.3%697266Toyota Alphard60.0%– 25.0%657067Mazda BT-5050.0%– 94.1%585968Suzuki Ciaz30.0%+ 50.0%7074

Source: VAMA, Hyundai