The Hyundai Accent is the best-selling vehicle in Vietnam in February.
According to local automotive association VAMA, new vehicle sales in Vietnam edge up 1% year-on-year in February to 23,040 units. However a disastrous January result means the year-to-date tally is down -24.6% to 40,354. If we add non VAMA members (Hyundai and some of VinFast sales), the figures climb to 28,923 for the month (+2.8%) and 50,091 year-to-date (-26.8%). However VinFast recently stopped sharing sales data, so likes for likes the market is up 5.7% in February (28,507) and down -24.3% year- to-date (49,317).
Hyundai (+31%) surges up to hold onto the brands top spot with an outstanding 18.9% share. In fact the entire Top 5 is unchanged on January, with Toyota (+14%) also in excellent shape at #2, Thaco-Kia (-41%) in freefall at #3, Ford (+392.9%) literally flying at #4 and Mazda (+0.7%) only edging up at #5. Mitsubishi (+35.5%) climbs one spot to #6, overtaking Honda (-24.3%) in trouble like it is in most worldwide markets. Suzuki (+34.6%) and Isuzu (+16.4%) also beat the market in the remainder of the Top 10.
Model-wise, the podium frankly outraces the overall growth. The Hyundai Accent (+56.2%) stays at #1 with 5.4% share, the Mitsubishi Xpander (+74.3%) is up four spots on January to #2 and the Ford Ranger (+429.6%) soars thanks to the new generation but drops one rank on last month to #3. The Toyota Corolla Cross (-20.1%) is down on a particularly strong year-ago volume when it ranked #1 overall. The Hyundai Creta (#5) hits its highest ranking since last October and tops recent launches ahead of the Toyota Veloz (#8) and Ford Territory (#14). The Ford Everest (+713.8%) and Toyota Raize (+46.1%) also impress.
Previous month: Vietnam January 2023: Ford (+130.7%) ignores freefalling market (-45.5%)
One year ago: Vietnam January-February 2022: Hyundai Accent and Toyota Corolla Cross shine in market up 27.6%
Full February 2023 Top 17 brands and Top 65 All models below.
Note: Medium and heavy commercial vehicles are included in the market totals but not in the rankings below. Some brands don’t share model detail such as Peugeot, Lexus and BMW.
Vietnam February 2023 – brands:
| Pos | Brand | Feb-23 | % | /22 | Feb | 2023 | % | /22 | Pos | FY22 |
| 1 | Hyundai | 5,467 | 18.9% | 31.0% | 1 | 8,963 | 17.9% | -22.7% | 1 | 3 |
| 2 | Toyota | 4,887 | 16.9% | 14.0% | 2 | 7,910 | 15.8% | -25.8% | 2 | 1 |
| 3 | Thaco-Kia | 4,356 | 15.1% | -41.0% | 3 | 6,961 | 13.9% | -50.6% | 3 | 2 |
| 4 | Ford | 2,632 | 9.1% | 392.9% | 4 | 4,992 | 10.0% | 220.6% | 4 | 7 |
| 5 | Mazda | 2,486 | 8.6% | 0.7% | 5 | 4,165 | 8.3% | -27.5% | 5 | 5 |
| 6 | Mitsubishi | 2,279 | 7.9% | 35.5% | 7 | 3,424 | 6.8% | -34.9% | 6 | 4 |
| 7 | Honda | 1,385 | 4.8% | -24.3% | 6 | 2,879 | 5.7% | -48.6% | 7 | 6 |
| 8 | Suzuki | 1,100 | 3.8% | 34.6% | 8 | 1,955 | 3.9% | -25.0% | 8 | 9 |
| 9 | Isuzu | 633 | 2.2% | 16.4% | 10 | 826 | 1.6% | -38.7% | 9 | 10 |
| 10 | Peugeot | 237 | 0.8% | -73.3% | 9 | 457 | 0.9% | -77.8% | 10 | 11 |
| 11 | Hino | 218 | 0.8% | -31.0% | 12 | 330 | 0.7% | -57.1% | 11 | 12 |
| 12 | BMW+Mini | 129 | 0.4% | 27.7% | 11 | 321 | 0.6% | 5.6% | 12 | 15 |
| 13 | Lexus | 106 | 0.4% | 76.7% | 14 | 117 | 0.2% | -57.3% | 14 | 14 |
| 14 | Hyundai Trucks | 57 | 0.2% | -59.3% | 13 | 156 | 0.3% | -57.3% | 13 | 13 |
| 15 | VEAM | 22 | 0.1% | -50.0% | 15 | 28 | 0.1% | -64.6% | 15 | 16 |
| 16 | Daewoo Bus | 5 | 0.0% | -28.6% | 17 | 6 | 0.0% | -14.3% | 17 | 18 |
| 17 | Samco | 4 | 0.0% | 300.0% | 16 | 7 | 0.0% | -81.6% | 16 | 17 |
| 18 | VinFast | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 8 |
Vietnam February 2023 – models:
| Pos | Model | Feb-23 | % | /22 | Jan | 2023 | % | /22 | Pos | FY22 |
| 1 | Hyundai Accent | 1,564 | 5.4% | 56.2% | 1 | 2,588 | 5.2% | -23.9% | 1 | 2 |
| 2 | Mitsubishi Xpander | 1,443 | 5.0% | 74.3% | 6 | 2,156 | 4.3% | -4.0% | 3 | 3 |
| 3 | Ford Ranger | 1,218 | 4.2% | 429.6% | 2 | 2,176 | 4.3% | 120.5% | 2 | 5 |
| 4 | Toyota Corolla Cross | 1,085 | 3.8% | -20.1% | 3 | 1,952 | 3.9% | -36.5% | 4 | 4 |
| 5 | Hyundai Creta | 1,027 | 3.6% | new | 8 | 1,612 | 3.2% | new | 6 | 10 |
| 6 | Mazda CX-5 | 1,017 | 3.5% | -3.5% | 13 | 1,433 | 2.9% | -36.9% | 9 | 8 |
| 7 | Hyundai Grand i10 | 949 | 3.3% | -3.9% | 7 | 1,581 | 3.2% | -16.7% | 7 | 12 |
| 8 | Toyota Veloz | 911 | 3.1% | new | 9 | 1,479 | 3.0% | new | 8 | 7 |
| 9 | Honda City | 878 | 3.0% | 13.9% | 5 | 1,637 | 3.3% | -34.9% | 5 | 6 |
| 10 | Toyota Vios | 870 | 3.0% | -26.3% | 19 | 1,145 | 2.3% | -56.4% | 11 | 1 |
| 11 | Ford Everest | 651 | 2.3% | 713.8% | 4 | 1,421 | 2.8% | 583.2% | 10 | 21 |
| 12 | Toyota Raize | 615 | 2.1% | 46.1% | 12 | 1,033 | 2.1% | 5.1% | 13 | 22 |
| 13 | Kia Sonet | 603 | 2.1% | 26.2% | 14 | 994 | 2.0% | -9.5% | 14 | 16 |
| 14 | Ford Territory | 575 | 2.0% | new | 10 | 1,079 | 2.2% | new | 12 | 41 |
| 15 | Hyundai Santa Fe | 511 | 1.8% | -35.6% | 18 | 834 | 1.7% | -55.8% | 16 | 13 |
| 16 | Mitsubishi Attrage | 443 | 1.5% | 11.0% | 21 | 682 | 1.4% | -44.8% | 20 | 20 |
| 17 | Kia Carnival | 419 | 1.4% | -47.8% | 20 | 666 | 1.3% | -60.9% | 21 | 17 |
| 18 | Mazda3 | 402 | 1.4% | -15.5% | 15 | 786 | 1.6% | -34.8% | 17 | 14 |
| 19 | Toyota Fortuner | 382 | 1.3% | -20.1% | 32 | 573 | 1.1% | -58.7% | 23 | 19 |
| 20 | Suzuki Carry | 376 | 1.3% | 76.5% | 11 | 837 | 1.7% | 92.4% | 15 | 27 |
| 21 | Kia Seltos | 367 | 1.3% | -70.8% | 16 | 730 | 1.5% | -73.0% | 18 | 9 |
| 22 | Mazda2 | 367 | 1.3% | 162.1% | 23 | 597 | 1.2% | -7.4% | 22 | 30 |
| 23 | Honda CR-V | 357 | 1.2% | -25.0% | 17 | 705 | 1.4% | -54.6% | 19 | 15 |
| 24 | Suzuki Super Carry | 328 | 1.1% | 238.1% | 31 | 519 | 1.0% | -12.3% | 25 | 34 |
| 25 | Toyota Avanza | 319 | 1.1% | 31800.0% | 35 | 484 | 1.0% | 24100.0% | 27 | 35 |
| 26 | Kia K3 | 304 | 1.1% | -73.2% | 26 | 529 | 1.1% | -76.5% | 24 | 11 |
| 27 | Suzuki XL7 | 290 | 1.0% | -22.9% | 36 | 451 | 0.9% | -64.4% | 32 | 23 |
| 28 | Kia Sportage | 282 | 1.0% | n/a | 27 | 498 | 1.0% | n/a | 26 | 37 |
| 29 | VinFast VF 8 | 266 | 0.9% | new | 29 | 470 | 0.9% | new | 30 | n/a |
| 30 | Hyundai Stargazer | 253 | 0.9% | new | 34 | 435 | 0.9% | new | 33 | 50 |
| 31 | Kia Carens | 250 | 0.9% | new | 22 | 481 | 1.0% | new | 28 | 51 |
| 32 | Hyundai Elantra | 250 | 0.9% | -0.4% | 28 | 463 | 0.9% | -34.3% | 31 | 38 |
| 33 | Toyota Camry | 249 | 0.9% | -39.1% | 24 | 479 | 1.0% | -42.6% | 29 | 26 |
| 34 | Mazda CX-8 | 200 | 0.7% | -39.8% | 38 | 356 | 0.7% | -45.8% | 35 | 32 |
| 35 | Hyundai Tucson | 199 | 0.7% | -30.7% | 25 | 424 | 0.8% | -72.5% | 34 | 18 |
| 36 | Toyota Innova | 198 | 0.7% | 45.6% | 44 | 312 | 0.6% | -11.9% | 37 | 36 |
| 37 | Toyota Corolla | 175 | 0.6% | 525.0% | 42 | 302 | 0.6% | 14.0% | 40 | 31 |
| 38 | Kia Morning | 165 | 0.6% | -58.9% | 41 | 309 | 0.6% | -62.8% | 38 | 29 |
| 39 | Mazda CX-3 | 162 | 0.6% | 15.7% | 37 | 320 | 0.6% | -8.0% | 36 | 43 |
| 40 | Kia Sorento | 154 | 0.5% | -57.3% | 43 | 274 | 0.5% | -64.0% | 43 | 28 |
| 41 | VinFast VF e34 | 150 | 0.5% | 183.0% | 39 | 304 | 0.6% | 226.9% | 39 | n/a |
| 42 | Mazda CX-30 | 150 | 0.5% | -3.2% | 40 | 300 | 0.6% | 15.8% | 41 | 45 |
| 43 | Ford Transit | 146 | 0.5% | 71.8% | 45 | 259 | 0.5% | 105.6% | 44 | 39 |
| 44 | Mitsubishi Outlander | 146 | 0.5% | 87.2% | 46 | 248 | 0.5% | -43.6% | 46 | 25 |
| 45 | Mitsubishi Triton | 146 | 0.5% | -50.3% | 49 | 229 | 0.5% | -77.2% | 47 | 24 |
| 46 | Mazda6 | 103 | 0.4% | -6.4% | 47 | 203 | 0.4% | 12.2% | 48 | 47 |
| 47 | Kia Soluto | 101 | 0.3% | -78.8% | 50 | 182 | 0.4% | -78.0% | 49 | 33 |
| 48 | Mitsubishi Pajero Sport | 101 | 0.3% | 21.7% | 57 | 109 | 0.2% | -67.5% | 53 | 49 |
| 49 | Mazda BT-50 | 85 | 0.3% | 39.3% | 48 | 170 | 0.3% | -6.1% | 50 | 54 |
| 50 | Kia K5 | 80 | 0.3% | -61.0% | 52 | 137 | 0.3% | -64.4% | 51 | 46 |
| 51 | Honda HR-V | 76 | 0.3% | -42.4% | 30 | 274 | 0.5% | -27.7% | 42 | 40 |
| 52 | Honda Civic | 73 | 0.3% | -50.0% | 33 | 255 | 0.5% | -13.9% | 45 | 44 |
| 53 | Isuzu D-Max | 61 | 0.2% | -20.8% | 51 | 118 | 0.2% | -45.1% | 52 | 55 |
| 54 | Suzuki Ertiga | 52 | 0.2% | -3.7% | 54 | 84 | 0.2% | -39.1% | 54 | 52 |
| 55 | Suzuki Swift | 52 | 0.2% | -32.5% | 58 | 60 | 0.1% | -65.1% | 56 | 56 |
| 56 | Ford Explorer | 42 | 0.1% | -66.9% | 55 | 57 | 0.1% | -55.1% | 57 | 53 |
| 57 | Toyota Land Cruiser | 36 | 0.1% | 12.5% | 53 | 75 | 0.1% | 21.0% | 55 | 63 |
| 58 | Toyota Yaris | 29 | 0.1% | -40.8% | 56 | 44 | 0.1% | -69.2% | 58 | 57 |
| 59 | Isuzu MU-X | 14 | 0.0% | 16.7% | 61 | 21 | 0.0% | -44.7% | 59 | 60 |
| 60 | Toyota Alphard | 12 | 0.0% | 71.4% | 59 | 20 | 0.0% | 17.6% | 60 | 65 |
| 61 | Toyota Prado | 6 | 0.0% | -73.9% | 62 | 12 | 0.0% | -78.9% | 61 | 61 |
| 62 | Suzuki Ciaz | 2 | 0.0% | n/a | 63 | 4 | 0.0% | n/a | 63 | 66 |
| 63 | Honda Accord | 1 | 0.0% | -85.7% | 60 | 8 | 0.0% | -80.0% | 62 | 62 |
Source: VAMA, Hyundai, VinFast
