The Ford Ranger is #1 in Vietnam in February.

VAMA data shows a Vietnamese market imploding -49.5% year-on-year to just 11,633 sales and off -23.5% to 30,876. When adding Hyundai who reports separately from VAMA, these figures climb to 13,666 (-52%) and 36,478 (-26%). According to VAMA, the horrendous market dynamic is partly due to the Lunar New Year holidays happening in February this year vs. January in 2023, but also the expiration of the 50% registration fee reduction on January 1 and the broader economic challenges.

Thaco-Kia (-49.5%) takes the lead of the brands ranking with 16.1% share, toppling Hyundai (-62.8%) while Ford (-36.8%) resists somewhat to remain third. Mazda (-45.5%) is up two spots on January to #4, Honda (-8.7%) stays at #5 with a splendid hold whereas Toyota (-74.5%) freefalls to an unusual 6th place. In the remainder of the Top 10, Peugeot (-29.5%), Suzuki (-39.4%) and Isuzu (-44.4%) beat the market.

In the models lane, the Ford Ranger (-27.8%) triumphs at 6.4% share, lodging its first monthly win since October 2022. It is now also #1 year-to-date vs. #4 over the Full Year 2023. The Mitsubishi Xpander (-55.6%) is bumped down to #2 while the Honda City (-27.1%) is up 8 spots on January to #3. Meanwhile the Mazda CX-5 (-41%) stays at #4 above the Kia Sonet (-29%) and Hyundai Accent (-76.7%). The Honda HR-V (+271.1%) goes completely against the market with a sensational year-on-year lift.

Previous month: Vietnam January 2024: Mitsubishi Xpander and Ford Ranger top market up 9.6%

One year ago: Vietnam February 2023: Hyundai and Accent keep lead in market up 5.7%

Full February 2024 Top 15 All brands and Top 66 All 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 February 2024 – brands:

PosBrandFeb-24%/23Jan2024%/23PosFY231Thaco-Kia2,19916.1%– 49.5%25,32214.6%– 23.5%232Hyundai2,03314.9%– 62.8%15,60215.4%– 37.5%113Ford1,66412.2%– 36.8%34,33511.9%– 13.2%344Mazda1,3559.9%– 45.5%63,3279.1%– 20.1%555Honda1,2649.2%– 8.7%53,2879.0%+ 14.2%676Toyota1,2489.1%– 74.5%43,4569.5%– 56.3%427Mitsubishi8186.0%– 64.1%72,6117.2%– 23.7%768Suzuki6674.9%– 39.4%82,2616.2%+ 15.7%899Isuzu3522.6%– 44.4%98342.3%+ 1.0%91010Peugeot1671.2%– 29.5%103911.1%– 14.4%101111BMW+Mini890.7%– 31.0%142130.6%– 33.6%111312Hino670.5%– 69.3%132000.5%– 39.4%131213Lexus560.4%– 47.2%121920.5%+ 64.1%141414Hyundai Trucks550.4%– 3.5%112050.6%+ 31.4%121515Samco160.1%+ 300.0%15800.2%+ 1042.9%1516

Vietnam February 2024 – models:

PosModelFeb-24%/23Jan2024%/23PosFY231Ford Ranger8806.4%– 27.8%22,0235.5%– 7.0%142Mitsubishi Xpander6414.7%– 55.6%11,9265.3%– 10.7%213Honda City6404.7%– 27.1%111,1223.1%– 31.5%7104Mazda CX-56004.4%– 41.0%41,4073.9%– 1.8%335Kia Sonet4283.1%– 29.0%71,1383.1%+ 14.5%566Hyundai Accent3652.7%– 76.7%31,2813.5%– 50.5%427Ford Everest3512.6%– 46.1%61,1363.1%– 20.1%698Honda HR-V2822.1%+ 271.1%51,0833.0%+ 295.3%8289Kia Carnival2682.0%– 36.0%206071.7%– 8.9%192110Hyundai Grand i102631.9%– 72.3%127432.0%– 53.0%101411Mazda22501.8%– 31.9%196221.7%+ 4.2%172512Hyundai Creta2381.7%– 76.8%166511.8%– 59.6%14713Mazda32341.7%– 41.8%176321.7%– 19.6%161514Ford Territory2201.6%– 61.7%186101.7%– 43.5%181315Suzuki XL72191.6%– 24.5%146691.8%+ 48.3%123916Kia Seltos2021.5%– 45.0%107262.0%– 0.5%111117Kia Carens2011.5%– 19.6%235051.4%+ 5.0%203018Suzuki Carry Pro1881.4%new373360.9%new306719Suzuki Carry1851.4%– 50.8%136451.8%– 22.9%153220Toyota Raize1811.3%– 70.6%254441.2%– 57.0%242421Ford Transit1751.3%+ 19.9%274261.2%+ 64.5%262622Toyota Vios1701.2%– 80.5%88232.3%– 28.1%9523Honda CR-V1611.2%– 54.9%244311.2%– 38.9%251924Toyota Wigo1481.1%n/a482320.6%n/a364525Hyundai Venue1471.1%new303430.9%new296926Toyota Veloz1461.1%– 84.0%263991.1%– 73.0%271227Hyundai Santa Fe1321.0%– 74.2%412620.7%– 68.6%351628Honda BR-V1270.9%new224551.2%new223529Hyundai Custin1270.9%new283711.0%new284630Toyota Yaris Cross1190.9%new214531.2%new233431Hyundai Tucson1170.9%– 41.2%293260.9%– 23.1%311832Mazda CX-81080.8%– 46.0%322800.8%– 21.3%333633Toyota Corolla Cross1060.8%– 90.2%332770.8%– 85.8%34834Kia K31050.8%– 65.5%312800.8%– 47.1%323335Toyota Fortuner860.6%– 77.5%521490.4%– 74.0%463136Toyota Avanza850.6%– 73.4%422120.6%– 56.2%402937Toyota Camry810.6%– 67.5%441840.5%– 61.6%434138Mazda CX-30780.6%– 48.0%581050.3%– 65.0%524739Hyundai Elantra760.6%– 69.6%342290.6%– 50.5%373740Kia Sportage720.5%– 74.5%431850.5%– 62.9%424241Mitsubishi Triton700.5%– 52.1%362190.6%– 4.4%383842Mitsubishi Attrage670.5%– 84.9%352170.6%– 68.2%392243Mazda CX-3670.5%– 58.6%382080.6%– 35.0%414844Hyundai Stargazer550.4%– 78.3%491300.4%– 70.1%502745Hyundai Palisade470.3%new471320.4%new486346Honda Civic420.3%– 42.5%401760.5%– 31.0%445347Toyota Innova410.3%– 79.3%96631.8%+ 112.5%134448Kia Morning410.3%– 75.2%511090.3%– 64.7%514949Suzuki Ertiga380.3%– 26.9%154651.3%+ 453.6%215450Ford Explorer380.3%– 9.5%451400.4%+ 145.6%476551Toyota Corolla360.3%– 79.4%55850.2%– 71.9%555252Suzuki Swift340.2%– 34.6%461320.4%+ 120.0%496453Kia Sorento340.2%– 77.9%53950.3%– 65.3%545054Mitsubishi Outlander270.2%– 81.5%501000.3%– 59.7%534055Toyota Innova Cross240.2%new61410.1%new596156Kia Soluto190.1%– 81.2%56600.2%– 67.0%575657Toyota Land Cruiser190.1%– 47.2%62350.1%– 53.3%606058Mazda6180.1%– 82.5%54680.2%– 66.5%565559Kia K5160.1%– 80.0%57500.1%– 63.5%585760Mitsubishi Pajero Sport130.1%– 87.1%391490.4%+ 36.7%455861Honda Accord120.1%+ 1100.0%63200.1%+ 150.0%637362Isuzu D-Max110.1%– 82.0%60290.1%– 75.4%616263Isuzu MU-X60.0%– 57.1%59250.1%+ 19.0%626664Toyota Alphard50.0%– 58.3%66110.0%– 45.0%657065Suzuki Super Carry Pro30.0%– 99.1%64110.0%– 97.9%642066Toyota Yaris10.0%– 96.6%6580.0%– 81.8%6672

Source: VAMA