Ford Everest sales are up 117.2% year-on-year in Vietnam.
Based on data by local automotive association VAMA, the Vietnamese new vehicle market recedes -18.7% year-on-year to 30,038 registrations, bringing the Q1 2023 volume to 70,392, off -22.2% on the same period a year ago. When adding non VAMA members (Hyundai and some of VinFast sales), the figures climb to 35,811 for the month (-24.6%) and 85,902 year-to-date (-25.9%). However VinFast recently stopped sharing sales data, so likes for likes the market is down -20.7% in March (34,896) and -22.9% YTD (84,213).
Hyundai (-18.3%) retains the lead in the manufacturers but its advantage over Toyota (-29.1%) slims down to just 117 units while Thaco-Kia (-35.5%) sinks in third place. Once again Ford (+108.5%) is completely oblivious to the market fall thanks to a few new models as we’ll see further down. Mitsubishi (-0.5%) is stable, Mazda (-19.4%) beats the market but Suzuki (-32.9%), Honda (-58.7%) and Isuzu (-37.5%) freefall.
Model-wise, the Mitsubishi Xpander (+41.1%) surges ahead to easily top the charts outright with 6.4% share. It snaps the YTD leadership in the process. The Ford Ranger (+59.5%) takes advantage of the new generation at #2 as does the Ford Everest (+117.2%) at #5. Meanwhile the Toyota Corolla Cross (-38.3%) and last month’s leader the Hyundai Accent (-33.3%) struggle mightily. Notice also the Hyundai Creta (+1816.7%) at #7 and the Kia Sonet (+83%) hitting its highest ranking since June 2022 at #9.
Previous month: Vietnam February 2023: Hyundai and Accent keep lead, market up 5.7%
One year ago: Vietnam March 2022: VinFast Fadil leads, Toyota Corolla Cross up to #1 YTD
Full March 2023 Top 17 manufacturers and Top 65 models below.
Note: The manufacturers ranking includes medium and heavy commercial vehicles, the models ranking does not. Some manufacturers such as BMW, Lexus, Mini and Peugeot don’t communicate models detail.
Vietnam March 2023 – manufacturers:
| Pos | Brand | Mar-23 | % | /22 | Feb | 2023 | % | /22 | Pos | FY22 |
| 1 | Hyundai | 5,773 | 16.1% | -18.3% | 1 | 14,736 | 17.2% | -21.1% | 1 | 3 |
| 2 | Toyota | 5,656 | 15.8% | -29.1% | 2 | 13,566 | 15.8% | -27.2% | 2 | 1 |
| 3 | Thaco-Kia | 5,630 | 15.7% | -35.5% | 3 | 12,591 | 14.7% | -44.8% | 3 | 2 |
| 4 | Ford | 3,676 | 10.3% | 108.5% | 4 | 8,668 | 10.1% | 161.1% | 4 | 7 |
| 5 | Mitsubishi | 3,656 | 10.2% | -0.5% | 6 | 7,080 | 8.2% | -20.8% | 5 | 4 |
| 6 | Mazda | 2,680 | 7.5% | -19.4% | 5 | 6,845 | 8.0% | -24.6% | 6 | 5 |
| 7 | Suzuki | 1,618 | 4.5% | -32.9% | 8 | 3,573 | 4.2% | -28.8% | 8 | 9 |
| 8 | Honda | 1,489 | 4.2% | -58.7% | 7 | 4,368 | 5.1% | -52.5% | 7 | 6 |
| 9 | Isuzu | 854 | 2.4% | -37.5% | 9 | 1,680 | 2.0% | -38.1% | 9 | 10 |
| 10 | Hino | 292 | 0.8% | -41.9% | 11 | 622 | 0.7% | -51.1% | 11 | 12 |
| 11 | Peugeot | 250 | 0.7% | -77.7% | 10 | 707 | 0.8% | -77.8% | 10 | 11 |
| 12 | Lexus | 192 | 0.5% | 60.0% | 13 | 309 | 0.4% | -21.6% | 13 | 14 |
| 13 | BMW+Mini | 135 | 0.4% | 12.5% | 12 | 456 | 0.5% | 7.5% | 12 | 15 |
| 14 | Hyundai Trucks | 64 | 0.2% | -69.5% | 14 | 220 | 0.3% | -61.7% | 14 | 13 |
| 15 | VEAM | 29 | 0.1% | -60.8% | 15 | 57 | 0.1% | -62.7% | 15 | 16 |
| 16 | Samco | 28 | 0.1% | 40.0% | 17 | 35 | 0.0% | -39.7% | 16 | 17 |
| 17 | Daewoo Bus | 17 | 0.0% | n/a | 16 | 23 | 0.0% | 228.6% | 17 | 18 |
| n/a | VinFast | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 8 |
Vietnam March 2023 – models:
| Pos | Model | Mar-23 | % | /22 | Feb | 2023 | % | /22 | Pos | FY22 |
| 1 | Mitsubishi Xpander | 2,288 | 6.4% | 41.1% | 2 | 4,444 | 5.2% | 14.9% | 1 | 3 |
| 2 | Ford Ranger | 1,480 | 4.1% | 59.5% | 3 | 3,656 | 4.3% | 90.9% | 3 | 5 |
| 3 | Toyota Corolla Cross | 1,465 | 4.1% | -38.3% | 4 | 3,417 | 4.0% | -37.3% | 4 | 4 |
| 4 | Hyundai Accent | 1,355 | 3.8% | -33.3% | 1 | 3,943 | 4.6% | -27.4% | 2 | 2 |
| 5 | Ford Everest | 1,088 | 3.0% | 117.2% | 11 | 2,509 | 2.9% | 253.9% | 6 | 21 |
| 6 | Toyota Vios | 1,050 | 2.9% | -52.9% | 10 | 2,195 | 2.6% | -54.8% | 11 | 1 |
| 7 | Hyundai Creta | 1,035 | 2.9% | 1816.7% | 5 | 2,647 | 3.1% | 4801.9% | 5 | 10 |
| 8 | Mazda CX-5 | 1,021 | 2.9% | -25.2% | 6 | 2,454 | 2.9% | -32.5% | 7 | 8 |
| 9 | Kia Sonet | 1,012 | 2.8% | 83.0% | 13 | 2,006 | 2.3% | 21.5% | 12 | 16 |
| 10 | Toyota Veloz | 914 | 2.6% | new | 8 | 2,393 | 2.8% | new | 9 | 7 |
| 11 | Honda City | 814 | 2.3% | -53.3% | 9 | 2,451 | 2.9% | -42.5% | 8 | 6 |
| 12 | Suzuki Super Carry | 804 | 2.2% | -18.6% | 24 | 1,323 | 1.5% | -16.3% | 18 | 34 |
| 13 | Ford Territory | 776 | 2.2% | new | 14 | 1,855 | 2.2% | new | 13 | 41 |
| 14 | Kia Seltos | 751 | 2.1% | -41.3% | 21 | 1,481 | 1.7% | -62.8% | 15 | 9 |
| 15 | Mitsubishi Attrage | 670 | 1.9% | -17.1% | 16 | 1,352 | 1.6% | -33.9% | 16 | 20 |
| 16 | Hyundai Grand i10 | 664 | 1.9% | -40.3% | 7 | 2,245 | 2.6% | -25.4% | 10 | 12 |
| 17 | Toyota Raize | 646 | 1.8% | -6.1% | 12 | 1,679 | 2.0% | 0.5% | 14 | 22 |
| 18 | Hyundai Stargazer | 641 | 1.8% | new | 30 | 1,076 | 1.3% | new | 22 | 50 |
| 19 | Kia Carnival | 540 | 1.5% | -54.2% | 17 | 1,206 | 1.4% | -58.1% | 20 | 17 |
| 20 | Hyundai Santa Fe | 514 | 1.4% | -57.2% | 15 | 1,348 | 1.6% | -56.3% | 17 | 13 |
| 21 | VinFast VF e34 | 469 | 1.3% | 13.8% | 41 | 773 | 0.9% | 53.1% | 31 | n/a |
| 22 | Mazda2 | 441 | 1.2% | 241.9% | 22 | 1,038 | 1.2% | 34.1% | 23 | 30 |
| 23 | Mazda3 | 420 | 1.2% | -46.5% | 18 | 1,206 | 1.4% | -39.4% | 21 | 14 |
| 24 | Suzuki Carry | 408 | 1.1% | -43.2% | 20 | 1,245 | 1.4% | 8.0% | 19 | 27 |
| 25 | VinFast VF 8 | 395 | 1.1% | new | 29 | 865 | 1.0% | new | 27 | n/a |
| 26 | Toyota Fortuner | 382 | 1.1% | -40.6% | 19 | 955 | 1.1% | -53.0% | 24 | 19 |
| 27 | Toyota Avanza | 374 | 1.0% | 104.4% | 25 | 858 | 1.0% | 363.8% | 28 | 35 |
| 28 | Mitsubishi Triton | 355 | 1.0% | -9.2% | 45 | 584 | 0.7% | -58.2% | 38 | 24 |
| 29 | Kia K3 | 350 | 1.0% | -73.6% | 26 | 879 | 1.0% | -75.4% | 26 | 11 |
| 30 | Honda HR-V | 337 | 0.9% | -17.8% | 51 | 611 | 0.7% | -22.6% | 37 | 40 |
| 31 | Suzuki XL7 | 316 | 0.9% | 1.3% | 27 | 767 | 0.9% | -51.5% | 33 | 23 |
| 32 | Toyota Camry | 315 | 0.9% | -31.5% | 33 | 794 | 0.9% | -38.6% | 30 | 26 |
| 33 | Hyundai Tucson | 307 | 0.9% | -47.8% | 35 | 731 | 0.9% | -65.7% | 34 | 18 |
| 34 | Kia Sportage | 304 | 0.8% | #DIV/0! | 28 | 802 | 0.9% | #DIV/0! | 29 | 37 |
| 35 | Ford Transit | 291 | 0.8% | 90.2% | 43 | 550 | 0.6% | 97.1% | 40 | 39 |
| 36 | Kia Carens | 286 | 0.8% | new | 31 | 767 | 0.9% | new | 32 | 51 |
| 37 | Mazda CX-8 | 258 | 0.7% | -53.5% | 34 | 614 | 0.7% | -49.3% | 36 | 32 |
| 38 | Toyota Innova | 249 | 0.7% | 17.5% | 36 | 561 | 0.7% | -0.9% | 39 | 36 |
| 39 | Hyundai Elantra | 241 | 0.7% | -18.0% | 32 | 704 | 0.8% | -29.5% | 35 | 38 |
| 40 | Honda CR-V | 227 | 0.6% | -77.1% | 23 | 932 | 1.1% | -63.4% | 25 | 15 |
| 41 | Mitsubishi Outlander | 225 | 0.6% | -67.9% | 44 | 473 | 0.6% | -58.5% | 44 | 25 |
| 42 | Kia Sorento | 184 | 0.5% | -65.2% | 40 | 458 | 0.5% | -64.5% | 46 | 28 |
| 43 | Toyota Corolla | 181 | 0.5% | -31.4% | 37 | 483 | 0.6% | -8.7% | 42 | 31 |
| 44 | Mazda CX-3 | 180 | 0.5% | -15.9% | 39 | 500 | 0.6% | -11.0% | 41 | 43 |
| 45 | Kia Morning | 170 | 0.5% | -72.7% | 38 | 479 | 0.6% | -67.1% | 43 | 29 |
| 46 | Mazda CX-30 | 165 | 0.5% | 52.8% | 42 | 465 | 0.5% | 26.7% | 45 | 45 |
| 47 | Mitsubishi Pajero Sport | 118 | 0.3% | -22.9% | 48 | 227 | 0.3% | -53.5% | 53 | 49 |
| 48 | Isuzu D-Max | 117 | 0.3% | -11.4% | 53 | 235 | 0.3% | -32.3% | 52 | 55 |
| 49 | Honda Civic | 107 | 0.3% | -39.5% | 52 | 362 | 0.4% | -23.5% | 47 | 44 |
| 50 | Mazda6 | 105 | 0.3% | 31.3% | 46 | 308 | 0.4% | 18.0% | 48 | 47 |
| 51 | Kia Soluto | 103 | 0.3% | -80.7% | 47 | 285 | 0.3% | -79.0% | 49 | 33 |
| 52 | Kia K5 | 100 | 0.3% | -53.5% | 50 | 237 | 0.3% | -60.5% | 51 | 46 |
| 53 | Mazda BT-50 | 90 | 0.3% | 0.0% | 49 | 260 | 0.3% | -4.1% | 50 | 54 |
| 54 | VinFast VF 9 | 51 | 0.1% | new | – | 51 | 0.1% | new | 59 | – |
| 55 | Suzuki Ertiga | 50 | 0.1% | -83.1% | 54 | 134 | 0.2% | -69.1% | 54 | 52 |
| 56 | Ford Explorer | 41 | 0.1% | -77.1% | 56 | 98 | 0.1% | -68.0% | 56 | 53 |
| 57 | Suzuki Swift | 37 | 0.1% | -63.0% | 55 | 97 | 0.1% | -64.3% | 57 | 56 |
| 58 | Toyota Land Cruiser | 28 | 0.1% | 100.0% | 57 | 103 | 0.1% | 35.5% | 55 | 63 |
| 59 | Toyota Yaris | 24 | 0.1% | -72.7% | 58 | 68 | 0.1% | -70.6% | 58 | 57 |
| 60 | Isuzu MU-X | 13 | 0.0% | -77.2% | 59 | 34 | 0.0% | -64.2% | 60 | 60 |
| 61 | Toyota Alphard | 11 | 0.0% | 0.0% | 60 | 31 | 0.0% | 10.7% | 61 | 65 |
| 62 | Toyota Hilux | 10 | 0.0% | 900.0% | – | 10 | 0.0% | -9.1% | 64 | 69 |
| 63 | Toyota Prado | 7 | 0.0% | -90.1% | 61 | 19 | 0.0% | -85.2% | 62 | 61 |
| 64 | Honda Accord | 4 | 0.0% | -80.0% | 63 | 12 | 0.0% | -80.0% | 63 | 62 |
| 65 | Suzuki Ciaz | 3 | 0.0% | n/a | 62 | 7 | 0.0% | n/a | 65 | 66 |
Source: VAMA
