June 16, 2024

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Market surges 180.5% on weak year-ago volume, Mitsubishi Xpander #1, Hyundai Creta up to #4 – Best Selling Cars Blog

Market surges 180.5% on weak year-ago volume, Mitsubishi Xpander #1, Hyundai Creta up to #4 – Best Selling Cars Blog

The Hyundai Creta breaks its Vietnamese volume record in August.

According to figures shared by VAMA, new vehicle sales in Vietnam surge 247.2% year-on-year in August to 30,846 units on a particularly weak August 2022 volume (-57%) impacted by Covid-19. The year-to-date volume is now up 49.9% to 262,940, making Vietnam one of the best performing markets in the world so far this year. These figures climb to 37,515 (+180.5%) for the month and 328,630 (+38.3%) year-to-date once adding Hyundai and VinFast who report sales separately.

Toyota (+196.9%) is up two spots on July to take the lead of the brands ranking with 17.9% share vs. 16.8% so far this year. The rest of the podium trails the market with Thaco-Kia (+138.8%) at 16.4% vs. 18.1% YTD and Hyundai (+149.7%) at 14.5% both in August and YTD. Mitsubishi (+1471.6%) scores the largest year-on-year gain in market and is up 16-fold on its August 2021 volume, hitting 10.8% share vs. 8% YTD. Isuzu (+798.2%), Mazda (+256%) and Peugeot (+285.7%) also beat the market in the remainder of the Top 10. In contrast local manufacturer VinFast (-47.2%) is in complete freefall at 3.3% share vs. a record 17.3% a year ago.

Model-wise, the Mitsubishi Xpander (+2800%) easily repeats at #1 with 7.6% share and now ranks #2 year-to-date, 493 sales below the Toyota Vios (+14.8%) down to #6 this month. Like in July, the Toyota Avanza+Veloz ranks #2 overall, this time with 4.8% of the market vs. 2.7% YTD (#9). The Toyota Corolla Cross (+106.3%) rallies back up 6 spots on last month but vastly trails the market year-on-year. The new Hyundai Creta is up four spots to a record 4th place ahead of the Hyundai Accent (+64.6%) underperforming. The Mazda3 (+767%), VinFast Lux A2.0 (+234.3%) and Mazda CX-5 (+231.3%) also outpace the market further down in the Top 10.

Previous month: Vietnam July 2022: Mitsubishi Xpander clear leader in market up 60.1%

One year ago: Vietnam August 2021: VinFast (+54.6%) up to record 17.3% share in devastated market  (-51.4%)

Full August 2022 Top 18 all brands and Top 70 models below.

Note: The brands ranking includes medium and heavy commercial vehicles, the models ranking does not. BMW, Lexus, Mini and Peugeot don’t share models data for Vietnam.

Vietnam August 2022 – brands:

Pos Brand Aug-22 % /21 Jul 2022 % /21 Pos FY21
1 Toyota 6,701 17.9% 196.9% 3 55,351 16.8% 57.6% 2 3
2 Thaco-Kia 6,137 16.4% 138.8% 1 59,642 18.1% 47.6% 1 2
3 Hyundai 5,449 14.5% 149.7% 2 47,638 14.5% 18.4% 3 1
4 Mitsubishi 4,039 10.8% 1471.6% 4 26,400 8.0% 62.5% 4 6
5 Mazda 3,090 8.2% 256.0% 6 24,670 7.5% 60.6% 5 5
6 Honda 1,495 4.0% 163.7% 8 23,173 7.1% 71.6% 6 8
7 Ford 1,315 3.5% 175.7% 7 12,604 3.8% -6.8% 8 7
8 VinFast 1,220 3.3% -47.2% 5 18,052 5.5% -18.1% 7 4
9 Isuzu 1,015 2.7% 798.2% 10 7,322 2.2% 43.9% 11 10
10 Peugeot 887 2.4% 285.7% 11 8,214 2.5% 103.7% 10 11
11 Suzuki 864 2.3% 678.4% 9 11,070 3.4% 50.3% 9 9
12 Hino 434 1.2% 416.7% 12 3,785 1.2% 30.4% 12 12
13 Hyundai Trucks 100 0.3% 11.1% 14 1,412 0.4% -23.7% 13 13
14 Lexus 95 0.3% 102.1% 13 1,138 0.3% 54.4% 14 14
15 BMW+Mini 32 0.1% n/a 15 821 0.2% n/a 15 15
16 Samco 27 0.1% n/a 17 147 0.0% 0.0% 17 17
17 VEAM 19 0.1% 46.2% 16 408 0.1% 28.3% 16 16
18 Daewoo Bus 17 0.0% n/a 18 38 0.0% -47.9% 18 18

Vietnam August 2022 – models:

Pos Model Aug-22 % /21 Jul 2022 % /21 Pos FY21
1 Mitsubishi Xpander 2,842 7.6% 2800.0% 1 13,697 4.2% 54.7% 2 7
2 Toyota Avanza+Veloz 1,786 4.8% n/a 2 8,885 2.7% 27665.6% 9 67
3 Toyota Corolla Cross 1,566 4.2% 106.3% 9 13,368 4.1% 83.6% 3 4
4 Hyundai Creta 1,417 3.8% new 8 5,268 1.6% new 18  –
5 Hyundai Accent 1,172 3.1% 64.6% 3 12,835 3.9% 10.2% 4 2
6 Toyota Vios 1,133 3.0% 14.8% 5 14,190 4.3% 18.7% 1 3
7 Mazda CX-5 1,100 2.9% 231.3% 18 9,510 2.9% 68.3% 7 11
8 Mazda3 893 2.4% 767.0% 15 6,616 2.0% 126.0% 16 19
9 VinFast Lux A2.0 849 2.3% 234.3% 6 3,683 1.1% -14.0% 24 15
10 Hyundai Santa Fe 838 2.2% 114.9% 7 6,707 2.0% -0.6% 15 8
11 Kia Sedona/Carnival 832 2.2% 2277.1% 10 7,353 2.2% 631.6% 12 32
12 Hyundai Tucson 765 2.0% 214.8% 16 5,257 1.6% 23.4% 19 13
13 Kia Sonet 752 2.0% new 14 6,399 1.9% new 17 42
14 Honda City 739 2.0% 364.8% 11 10,951 3.3% 82.1% 5 12
15 Toyota Raize 690 1.8% new 25 4,592 1.4% new 23 53
16 Ford Everest 684 1.8% 2106.5% 47 2,713 0.8% -21.1% 32 18
17 Kia Sportage 655 1.7% n/a n/a 1,399 0.4% n/a 43  –
18 Kia Seltos 634 1.7% -23.8% 22 9,053 2.8% 2.8% 8 5
19 Kia K3 590 1.6% 50.1% 23 8,520 2.6% 39.2% 10 10
20 Toyota Fortuner 551 1.5% 698.6% 20 5,034 1.5% 49.4% 20 14
21 Honda CR-V 442 1.2% 33.9% 21 6,844 2.1% 86.5% 13 17
22 Mitsubishi Attrage 438 1.2% 534.8% 24 4,915 1.5% 35.0% 21 16
23 Hyundai Grand i10 436 1.2% 10.7% 17 6,740 2.1% -10.7% 14 9
24 Mitsubishi Triton 402 1.1% 755.3% 13 3,577 1.1% 105.5% 25 28
25 Ford Transit 380 1.0% 985.7% 33 1,320 0.4% 164.5% 46 51
26 Mazda CX-8 368 1.0% 308.9% 36 2,653 0.8% 10.7% 33 31
27 Mitsubishi Outlander 352 0.9% 802.6% 27 3,340 1.0% 136.4% 28 37
28 Suzuki XL7 351 0.9% 996.9% 19 4,598 1.4% 75.4% 22 21
29 Toyota Innova 338 0.9% 3280.0% 30 1,792 0.5% -1.6% 39 34
30 VinFast Fadil 329 0.9% -83.9% 12 10,661 3.2% -29.4% 6 1
31 Toyota Corolla 327 0.9% 1716.7% 26 2,264 0.7% 123.7% 35 40
32 Kia Sorento 320 0.9% 185.7% 34 3,402 1.0% -2.1% 27 23
33 Mazda2 312 0.8% 262.8% 28 2,072 0.6% 14.1% 37 33
34 Kia Soluto 305 0.8% 348.5% 32 3,047 0.9% 0.9% 30 24
35 Suzuki Carry 277 0.7% 515.6% 29 3,018 0.9% 48.4% 31 29
36 Suzuki Super Carry 220 0.6% 685.7% 39 2,377 0.7% 116.7% 34 38
37 Kia Morning 212 0.6% 116.3% 38 3,454 1.1% 34.7% 26 27
38 Toyota Camry 208 0.6% 210.4% 31 3,221 1.0% 23.8% 29 26
39 Ford Ranger 176 0.5% -55.6% 4 7,915 2.4% -8.2% 11 6
40 Honda Civic 160 0.4% 841.2% 42 1,521 0.5% 14.5% 41 41
41 Honda HR-V 141 0.4% 907.1% 44 1,722 0.5% 125.4% 40 47
42 Mazda CX-30 120 0.3% 200.0% 37 1,165 0.4% 253.0% 49 52
43 Mazda CX-3 105 0.3% 69.4% 43 1,356 0.4% 76.8% 45 43
44 Kia K5 104 0.3% new 40 1,301 0.4% new 47  –
45 Mazda6 102 0.3% 104.0% 41 787 0.2% 16.6% 51 48
46 Mazda BT-50 90 0.2% -14.3% 49 511 0.2% -36.4% 55 45
47 Ford Explorer 75 0.2% n/a 56 545 0.2% 18066.7% 54 68
48 VinFast Lux SA2.0 37 0.1% 362.5% 35 1,500 0.5% -43.2% 42 20
49 Toyota Prado 37 0.1% 208.3% 50 311 0.1% 1.6% 60 54
50 Toyota Land Cruiser 29 0.1% -9.4% 59 172 0.1% -1.7% 63 59
51 Isuzu D-Max 28 0.1% n/a 46 607 0.2% 640.2% 53 58
52 Toyota Yaris 28 0.1% 40.0% 48 464 0.1% -36.1% 58 49
53 Isuzu MU-X 28 0.1% 2700.0% 53 260 0.1% 165.3% 61 62
54 Suzuki Swift 10 0.0% 400.0% 55 430 0.1% 28.7% 59 55
55 Honda Accord 9 0.0% 350.0% 52 183 0.1% 144.0% 62 63
56 Toyota Alphard 8 0.0% n/a 58 55 0.0% 44.7% 65 64
57 VinFast VF e34 5 0.0% new 45 2,208 0.7% new 36 66
58 Mitsubishi Pajero Sport 5 0.0% 25.0% 57 871 0.3% 46.4% 50 50
59 Honda Brio 4 0.0% -91.1% 54 1,952 0.6% 17.8% 38 36
60 Suzuki Ciaz 4 0.0% 33.3% 61 21 0.0% -93.1% 68 56
61 Suzuki Ertiga 2 0.0% 100.0% 51 626 0.2% -30.7% 52 46
62 Hyundai Elantra 0 0.0% -100.0% 60 1,363 0.4% -9.2% 44 35
63 Hyundai Kona 0 0.0% -100.0%  – 1,265 0.4% -52.3% 48 22
64 Toyota Wigo 0 0.0% -100.0%  – 488 0.1% -66.0% 56 39
65 Toyota Rush 0 0.0% -100.0%  – 464 0.1% -74.7% 57 30
66 Ford Ecosport 0 0.0% -100.0%  – 87 0.0% -89.5% 64 44
67 Toyota Hiace 0 0.0% -100.0%  – 36 0.0% -41.9% 66 60
68 Ford Tourneo 0 0.0% n/a  – 24 0.0% -81.3% 67 61
69 Toyota Hilux 0 0.0% -100.0%  – 11 0.0% -99.6% 69 25
70 Toyota Granvia 0 0.0% n/a  – 5 0.0% 66.7% 70 69

Source: VAMA, Hyundai, VinFast