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Vinfast VF e34 total best-seller, VF 8 in 4th place, market off -40.5% – Greatest Promoting Vehicles Weblog


The VinFast VF e34 is the best-selling vehicle in Vietnam in April.

Data by local association VAMA shows a Vietnamese market freefalls -47.1% year-on-year in April to just 22,409 units, leading to a year-to-date volume off -30.2% to 92,801. When adding non VAMA members (Hyundai and VinFast EV sales), these figures climb to 30,799 for the month (-40.5%) and 116,701 year-to-date (-30.4%). Hyundai (-34%) is once again the best-selling manufacturer in the country with 14.9% share, followed not far behind by Thaco-Kia at 14% of the market (-54.2%) and Toyota at 13.8% (-51.2%). Local carmaker VinFast soars 56.5% to 4th place with 12.3% share, and this is by only counting EV sales. Ford (+70.6%) is even more dynamic in 5th place, with Suzuki (+23.7%) and BMW/Mini (+33.1%) the only additional manufacturers in positive.

Model-wise, there is a big surprise atop the charts: seemingly free of production backlogs, the VinFast VF e34 (+474.4%) is the overall best-seller by a large margin: it towers at 7.6% market share vs. 4.6% for the #2, the Ford Ranger (-0.4%). VinFast has launched 4 EVs in recent months: the e34, VF 8 (4th this month), VF 9 (#36) and VF 5 Plus (#54). The Toyota Corolla Cross (-43%) completes the podium as it did last month. #1 in April 2022, the Honda City (-62.3%) skids to #5, this is however much better than the #11 spot it fell to in March. Down from #1 last month to #6, the Mitsubishi Xpander (-34.4%) holds onto the year-to-date pole position. It ranked #3 over the Full Year 2022.

Previous month: Vietnam March 2023: Ford (+108.5%) again defies struggling market (-20.7%)

One year ago: Vietnam April 2022: Honda City tops market up 31.6%

Full April 2023 Top 18 All brands and Top 66 All models below.

Note: Brands data include medium and heavy commercial vehicles, models data doesn’t. Some brands such as BMW, Lexus, Mini and Peugeot don’t share models detail.

Vietnam April 2023 – brands:

Pos Brand Apr-23 % /22 Mar 2023 % /22 Pos FY22
1 Hyundai 4,592 14.9% -34.0% 1 19,328 16.6% -24.6% 1 3
2 Thaco-Kia 4,318 14.0% -54.2% 3 16,909 14.5% -47.6% 3 2
3 Toyota 4,247 13.8% -51.2% 2 17,813 15.3% -34.8% 2 1
4 VinFast (EVs only) 3,798 12.3% 56.5% n/a 5,487 4.7% -40.1% 8 8
5 Ford 3,298 10.7% 70.6% 4 11,966 10.3% 127.8% 4 7
6 Mazda 2,183 7.1% -46.2% 6 9,028 7.7% -31.2% 5 5
7 Honda 1,944 6.3% -68.1% 8 6,312 5.4% -58.8% 7 6
8 Mitsubishi 1,700 5.5% -53.0% 5 8,780 7.5% -30.1% 6 4
9 Suzuki 1,374 4.5% 23.7% 7 4,947 4.2% -19.3% 9 9
10 Isuzu 803 2.6% -18.1% 9 2,483 2.1% -32.8% 10 10
11 Peugeot 170 0.6% -84.3% 11 877 0.8% -79.5% 11 11
12 Lexus 168 0.5% -27.3% 12 477 0.4% -23.7% 14 14
13 Hino 159 0.5% -61.3% 10 781 0.7% -53.6% 12 12
14 BMW+Mini 157 0.5% 33.1% 13 613 0.5% 13.1% 13 15
15 Hyundai Trucks 94 0.3% -65.2% 14 314 0.3% -62.8% 15 13
16 Samco 25 0.1% 66.7% 16 60 0.1% -17.8% 17 17
17 VEAM 23 0.1% -73.3% 15 80 0.1% -66.5% 16 16
18 Daewoo Bus 4 0.0% n/a 17 27 0.0% 285.7% 18 18

Vietnam April 2023 – models:

Pos Model Apr-23 % /22 Mar 2023 % /22 Pos FY22
1 VinFast VF e34 2,332 7.6% 474.4% 21 3,105 2.7% 240.8% 9 n/a
2 Ford Ranger 1,427 4.6% -0.4% 2 5,083 4.4% 51.8% 2 5
3 Toyota Corolla Cross 1,310 4.3% -43.0% 3 4,727 4.1% -39.0% 4 4
4 VinFast VF 8 1,232 4.0% new 25 2,097 1.8% new 17 n/a
5 Honda City 1,137 3.7% -62.3% 11 3,588 3.1% -50.7% 5 6
6 Mitsubishi Xpander 1,084 3.5% -34.4% 1 5,528 4.7% 0.1% 1 3
7 Hyundai Accent 1,050 3.4% -44.7% 4 4,993 4.3% -31.9% 3 2
8 Mazda CX-5 812 2.6% -55.9% 8 3,266 2.8% -40.4% 7 8
9 Suzuki Super Carry 802 2.6% 955.3% 12 2,125 1.8% 28.3% 16 34
10 Ford Everest 754 2.4% 233.6% 5 3,263 2.8% 249.0% 8 21
11 Toyota Vios 695 2.3% -72.4% 6 2,890 2.5% -60.8% 11 1
12 Toyota Veloz 657 2.1% new 10 3,050 2.6% new 10 7
13 Hyundai Creta 637 2.1% -39.6% 7 3,284 2.8% 196.4% 6 10
14 Kia Sonet 604 2.0% -36.1% 9 2,610 2.2% 0.5% 13 16
15 Ford Territory 581 1.9% new 13 2,436 2.1% new 14 41
16 Kia Seltos 570 1.9% -61.3% 14 2,051 1.8% -62.4% 18 9
17 Ford Transit 519 1.7% 216.5% 35 1,069 0.9% 141.3% 29 39
18 Toyota Raize 509 1.7% -19.2% 17 2,188 1.9% -4.9% 15 22
19 Hyundai Grand i10 494 1.6% -59.7% 16 2,739 2.3% -35.3% 12 12
20 Kia Carnival 440 1.4% -48.1% 19 1,646 1.4% -55.8% 21 17
21 Honda HR-V 433 1.4% 14.2% 30 1,044 0.9% -10.6% 30 40
22 Mazda3 403 1.3% -63.6% 23 1,609 1.4% -48.0% 22 14
23 Mazda2 385 1.3% 256.5% 22 1,423 1.2% 61.3% 25 30
24 Hyundai Stargazer 378 1.2% new 18 1,454 1.2% new 24 50
25 Hyundai Santa Fe 364 1.2% -49.0% 20 1,712 1.5% -55.0% 19 13
26 Mitsubishi Attrage 318 1.0% -68.4% 15 1,670 1.4% -45.2% 20 20
27 Toyota Fortuner 306 1.0% -58.0% 26 1,261 1.1% -54.3% 26 19
28 Hyundai Tucson 259 0.8% -55.3% 33 990 0.8% -63.5% 35 18
29 Suzuki XL7 257 0.8% -52.5% 31 1,024 0.9% -51.7% 31 23
30 Suzuki Carry 252 0.8% -46.6% 24 1,497 1.3% -7.9% 23 27
31 Honda CR-V 237 0.8% -88.7% 40 1,169 1.0% -74.8% 27 15
32 Kia K3 216 0.7% -87.0% 29 1,095 0.9% -79.1% 28 11
33 Toyota Camry 215 0.7% -58.7% 32 1,009 0.9% -44.4% 32 26
34 Kia Carens 213 0.7% new 36 980 0.8% new 36 51
35 Kia Sportage 200 0.6% n/a 34 1,002 0.9% n/a 33 37
36 VinFast VF 9 198 0.6% new 54 249 0.2% new 54   –
37 Toyota Innova 189 0.6% 107.7% 38 750 0.6% 14.2% 39 36
38 Mazda CX-8 180 0.6% -58.1% 37 794 0.7% -51.6% 38 32
39 Hyundai Elantra 173 0.6% -21.0% 39 877 0.8% -28.0% 37 38
40 Kia Sorento 150 0.5% -69.6% 42 608 0.5% -65.9% 43 28
41 Toyota Corolla 136 0.4% -59.5% 43 619 0.5% -28.4% 41 31
42 Toyota Avanza 135 0.4% -89.9% 27 993 0.9% -54.2% 34 35
43 Honda Civic 131 0.4% -38.5% 49 493 0.4% -28.1% 47 44
44 Mitsubishi Outlander 126 0.4% -78.7% 41 599 0.5% -65.4% 45 25
45 Kia Morning 124 0.4% -84.2% 45 603 0.5% -73.1% 44 29
46 Mazda CX-30 116 0.4% -16.5% 46 581 0.5% 14.8% 46 45
47 Mazda CX-3 112 0.4% -62.0% 44 612 0.5% -28.6% 42 43
48 Mazda6 101 0.3% -3.8% 50 409 0.4% 11.7% 48 47
49 Mitsubishi Triton 98 0.3% -36.8% 28 682 0.6% -56.0% 40 24
50 Kia Soluto 82 0.3% -87.8% 51 367 0.3% -81.9% 49 33
51 Mazda BT-50 74 0.2% 155.2% 53 334 0.3% 11.3% 50 54
52 Mitsubishi Pajero Sport 74 0.2% -65.1% 47 301 0.3% -57.0% 51 49
53 Kia K5 57 0.2% -73.7% 52 294 0.3% -64.0% 52 46
54 VinFast VF 5 Plus 36 0.1% new  – 36 0.0% new 62  –
55 Toyota Land Cruiser 34 0.1% 183.3% 58 137 0.1% 55.7% 56 63
56 Suzuki Ertiga 33 0.1% 266.7% 55 167 0.1% -62.2% 55 52
57 Suzuki Swift 26 0.1% 100.0% 57 123 0.1% -56.8% 57 56
58 Toyota Hilux 23 0.1% n/a 62 33 0.0% 200.0% 63 69
59 Isuzu D-Max 19 0.1% -24.0% 48 254 0.2% -31.7% 53 55
60 Ford Explorer 17 0.1% -84.5% 56 115 0.1% -72.4% 58 53
61 Isuzu MU-X 17 0.1% -62.2% 60 51 0.0% -63.6% 60 60
62 Toyota Yaris 16 0.1% -82.6% 59 84 0.1% -74.0% 59 57
63 Toyota Alphard 11 0.0% n/a 61 42 0.0% 50.0% 61 65
64 Toyota Prado 11 0.0% -86.3% 63 30 0.0% -85.6% 64 61
65 Honda Accord 6 0.0% -87.8% 64 18 0.0% -83.5% 65 62
66 Suzuki Ciaz 4 0.0% n/a 65 11 0.0% n/a 66 66

Source: VAMA, Hyundai, VinFast

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