The VinFast VF 5 Plus is up to #8 at home in July.
New light vehicle sales in Vietnam are off -18.4% year-on-year in July 24,687 according to VAMA. The year-to-date volume is now down -30.2% to 162,014. These figures climb to 31,764 (-16.8%) and 208,740 (-28.3%) year-to-date when adding Hyundai and VinFast EV who report separately from VAMA. Thaco-Kia (-15.3%) is back on top of the brands ranking, overtaking Hyundai (-30.3%) and Toyota (-31.5%) both falling particularly hard. Mitsubishi (-17.1%) is up to 11.1% share vs. 7.8% so far this year while Ford (+97.9%) goes completely against the depleted market and doubles its sales year-on-year. Mazda (+47.5%) and local carmaker VinFast (+42.3%) also impress but only ranks #7. Now listed on the stock exchange, VinFast will have to do a lot better at home to satisfy shareholders.
Over in the models aisle, like a year ago the Mitsubishi Xpander (-6.7%) is a distant leader at 8.1% share, cementing its year-to-date domination (5.1% of the market). The Mazda CX-5 (+171.6%) surges to #2, its highest ranking since also hitting #2 in February 2018. The Hyundai Accent (-3.4%) resists at #3 ahead of the VinFast VF e34 (+1804.8%) at #4 vs. #6 year-to-date. The Ford Ranger (-10%) sees the new generation effect whittles down. The Toyota Corolla Cross (+26.5%) and Kia Sonet (+44.9%) shine with the new VinFast VF 5 Plus breaking into the Top 10 for the first time at #8. The Kia Seltos (+74%) and Ford Everest (+1672.9%) round out the Top 10 in fantastic fashion.
Previous month: Vietnam June 2023: Toyota Vios returns to #1 in stabilised market (+0.4%)
One year ago: Vietnam July 2022: Mitsubishi Xpander clear leader in market up 60.1%
Full July 2023 Top 18 All brands and Top 68 All models below.
Note: The brands ranking includes medium and heavy commercial vehicles, the models ranking does not. Some brands such as Peugeot, BMW, Mini and Lexus don’t share model detail.
Vietnam July 2023 – brands:
| Pos | Brand | Jul-23 | % | /22 | Jun | 2023 | % | /22 | Pos | FY22 |
| 1 | Thaco-Kia | 4,912 | 15.5% | -15.3% | 3 | 30,296 | 14.5% | -43.4% | 3 | 2 |
| 2 | Hyundai | 4,035 | 12.7% | -30.3% | 1 | 32,046 | 15.4% | -24.0% | 1 | 3 |
| 3 | Toyota | 3,813 | 12.0% | -31.5% | 2 | 30,450 | 14.6% | -37.4% | 2 | 1 |
| 4 | Mitsubishi | 3,518 | 11.1% | -17.1% | 7 | 16,365 | 7.8% | -26.8% | 6 | 4 |
| 5 | Ford | 3,150 | 9.9% | 97.9% | 5 | 20,573 | 9.9% | 82.2% | 4 | 7 |
| 6 | Mazda | 3,135 | 9.9% | 47.5% | 6 | 17,224 | 8.3% | -20.2% | 5 | 5 |
| 7 | VinFast (EVs only) | 3,042 | 9.6% | 42.3% | 4 | 14,680 | 7.0% | -12.8% | 7 | 8 |
| 8 | Honda | 1,597 | 5.0% | 7.4% | 8 | 11,085 | 5.3% | -48.9% | 8 | 6 |
| 9 | Suzuki | 1,281 | 4.0% | 23.8% | 9 | 9,051 | 4.3% | -11.3% | 9 | 9 |
| 10 | Isuzu | 709 | 2.2% | -29.5% | 10 | 4,708 | 2.3% | -25.4% | 10 | 10 |
| 11 | Peugeot | 191 | 0.6% | -73.9% | 12 | 1,423 | 0.7% | -80.6% | 11 | 11 |
| 12 | BMW+Mini | 190 | 0.6% | 206.5% | 13 | 1,092 | 0.5% | 38.4% | 13 | 15 |
| 13 | Lexus | 122 | 0.4% | -14.1% | 14 | 905 | 0.4% | -13.2% | 14 | 14 |
| 14 | Hino | 107 | 0.3% | -78.1% | 11 | 1,377 | 0.7% | -58.9% | 12 | 12 |
| 15 | Hyundai Trucks | 91 | 0.3% | -19.5% | 15 | 637 | 0.3% | -51.4% | 15 | 13 |
| 16 | Samco | 23 | 0.1% | 27.8% | 18 | 113 | 0.1% | -5.8% | 17 | 17 |
| 17 | VEAM | 18 | 0.1% | -57.1% | 17 | 125 | 0.1% | -67.9% | 16 | 16 |
| 18 | Daewoo Bus | 13 | 0.0% | 116.7% | 16 | 72 | 0.0% | 242.9% | 18 | 18 |
Vietnam July 2023 – models:
| Pos | Model | Jul-23 | % | /22 | Jun | 2023 | % | /22 | Pos | FY22 |
| 1 | Mitsubishi Xpander | 2,586 | 8.1% | -6.7% | 4 | 10,568 | 5.1% | -2.6% | 1 | 3 |
| 2 | Mazda CX-5 | 1,665 | 5.2% | 171.6% | 5 | 7,088 | 3.4% | -15.7% | 5 | 8 |
| 3 | Hyundai Accent | 1,375 | 4.3% | -3.4% | 3 | 8,827 | 4.2% | -24.3% | 2 | 2 |
| 4 | VinFast VF e34 | 1,181 | 3.7% | 1804.8% | 7 | 6,253 | 3.0% | 183.8% | 6 | n/a |
| 5 | Ford Ranger | 1,175 | 3.7% | -10.0% | 2 | 8,775 | 4.2% | 13.4% | 3 | 5 |
| 6 | Toyota Corolla Cross | 1,125 | 3.5% | 26.5% | 15 | 7,466 | 3.6% | -36.7% | 4 | 4 |
| 7 | Kia Sonet | 1,030 | 3.2% | 44.9% | 8 | 5,466 | 2.6% | -3.2% | 9 | 16 |
| 8 | VinFast VF 5 Plus | 1,000 | 3.1% | new | 14 | 1,977 | 0.9% | new | 29 | – |
| 9 | Kia Seltos | 905 | 2.8% | 74.0% | 10 | 4,209 | 2.0% | -50.0% | 16 | 9 |
| 10 | Ford Everest | 851 | 2.7% | 1672.9% | 21 | 5,262 | 2.5% | 159.3% | 10 | 21 |
| 11 | Suzuki Super Carry | 813 | 2.6% | 476.6% | 16 | 4,702 | 2.3% | 118.0% | 14 | 34 |
| 12 | Ford Territory | 686 | 2.2% | new | 13 | 4,159 | 2.0% | new | 17 | 41 |
| 13 | Hyundai Creta | 551 | 1.7% | -43.7% | 12 | 4,988 | 2.4% | 29.5% | 13 | 10 |
| 14 | Mazda3 | 548 | 1.7% | -18.7% | 17 | 3,136 | 1.5% | -45.2% | 19 | 14 |
| 15 | Toyota Veloz | 522 | 1.6% | new | 9 | 5,034 | 2.4% | new | 11 | 7 |
| 16 | Hyundai Grand i10 | 515 | 1.6% | -18.8% | 11 | 4,373 | 2.1% | -30.6% | 15 | 12 |
| 17 | Kia Carnival | 500 | 1.6% | -40.7% | 23 | 2,986 | 1.4% | -54.2% | 20 | 17 |
| 18 | Honda CR-V | 467 | 1.5% | -12.7% | 20 | 2,491 | 1.2% | -61.1% | 23 | 15 |
| 19 | Honda City | 454 | 1.4% | -41.3% | 18 | 5,648 | 2.7% | -44.7% | 8 | 6 |
| 20 | VinFast VF 8 | 443 | 1.4% | new | 6 | 4,998 | 2.4% | new | 12 | n/a |
| 21 | Ford Transit | 434 | 1.4% | 91.2% | 25 | 2,207 | 1.1% | 134.8% | 25 | 39 |
| 22 | VinFast VF 9 | 418 | 1.3% | new | 26 | 1,452 | 0.7% | new | 39 | – |
| 23 | Mitsubishi Attrage | 387 | 1.2% | -4.7% | 22 | 2,824 | 1.4% | -36.9% | 22 | 20 |
| 24 | Toyota Fortuner | 384 | 1.2% | -32.4% | 34 | 2,185 | 1.0% | -51.3% | 26 | 19 |
| 25 | Kia Carens | 373 | 1.2% | new | 27 | 1,899 | 0.9% | new | 30 | 51 |
| 26 | Toyota Raize | 335 | 1.1% | 4.7% | 36 | 3,212 | 1.5% | -17.7% | 18 | 22 |
| 27 | Mazda CX-8 | 315 | 1.0% | 48.6% | 29 | 1,631 | 0.8% | -28.6% | 36 | 32 |
| 28 | Toyota Wigo | 314 | 1.0% | n/a | 30 | 597 | 0.3% | 22.3% | 52 | 58 |
| 29 | Hyundai Santa Fe | 294 | 0.9% | -71.0% | 19 | 2,850 | 1.4% | -51.4% | 21 | 13 |
| 30 | Honda BR-V | 283 | 0.9% | new | – | 283 | 0.1% | new | 58 | – |
| 31 | Honda HR-V | 273 | 0.9% | 320.0% | 37 | 1,854 | 0.9% | 17.3% | 31 | 40 |
| 32 | Toyota Vios | 271 | 0.9% | -75.8% | 1 | 5,696 | 2.7% | -56.4% | 7 | 1 |
| 33 | Toyota Avanza | 263 | 0.8% | -85.2% | 28 | 1,796 | 0.9% | -74.7% | 33 | 35 |
| 34 | Hyundai Tucson | 259 | 0.8% | -60.3% | 24 | 1,828 | 0.9% | -59.3% | 32 | 18 |
| 35 | Kia K3 | 250 | 0.8% | -49.1% | 39 | 1,745 | 0.8% | -78.0% | 34 | 11 |
| 36 | Mitsubishi Triton | 232 | 0.7% | -69.3% | 44 | 1,203 | 0.6% | -62.1% | 43 | 24 |
| 37 | Mazda2 | 228 | 0.7% | -19.1% | 35 | 2,289 | 1.1% | 30.1% | 24 | 30 |
| 38 | Suzuki XL7 | 197 | 0.6% | -66.1% | 33 | 1,700 | 0.8% | -60.0% | 35 | 23 |
| 39 | Mitsubishi Outlander | 191 | 0.6% | -36.8% | 32 | 1,208 | 0.6% | -59.6% | 42 | 25 |
| 40 | Toyota Camry | 187 | 0.6% | -24.9% | 40 | 1,581 | 0.8% | -47.5% | 37 | 26 |
| 41 | Hyundai Elantra | 183 | 0.6% | 2514.3% | 31 | 1,480 | 0.7% | 8.6% | 38 | 38 |
| 42 | Suzuki Carry | 173 | 0.5% | -37.8% | 41 | 2,103 | 1.0% | -23.3% | 28 | 27 |
| 43 | Toyota Innova | 152 | 0.5% | -41.1% | 45 | 1,252 | 0.6% | -13.9% | 41 | 36 |
| 44 | Hyundai Stargazer | 150 | 0.5% | new | 38 | 2,107 | 1.0% | new | 27 | 50 |
| 45 | Toyota Corolla | 134 | 0.4% | -56.8% | 47 | 987 | 0.5% | -49.0% | 44 | 31 |
| 46 | Kia Sportage | 126 | 0.4% | n/a | 42 | 1,442 | 0.7% | n/a | 40 | 37 |
| 47 | Mitsubishi Pajero Sport | 122 | 0.4% | 1120.0% | 46 | 562 | 0.3% | -35.1% | 54 | 49 |
| 48 | Honda Civic | 117 | 0.4% | 41.0% | 53 | 780 | 0.4% | -42.7% | 49 | 44 |
| 49 | Kia Sorento | 115 | 0.4% | -48.9% | 48 | 934 | 0.4% | -69.7% | 47 | 28 |
| 50 | Mazda CX-3 | 112 | 0.4% | 36.6% | 50 | 943 | 0.5% | -24.6% | 46 | 43 |
| 51 | Mazda6 | 102 | 0.3% | 17.2% | 51 | 714 | 0.3% | 4.2% | 50 | 47 |
| 52 | Mazda CX-30 | 100 | 0.3% | -33.8% | 49 | 888 | 0.4% | -15.0% | 48 | 45 |
| 53 | Kia Morning | 98 | 0.3% | -31.5% | 43 | 971 | 0.5% | -70.0% | 45 | 29 |
| 54 | Kia K5 | 95 | 0.3% | -22.1% | 52 | 562 | 0.3% | -53.0% | 53 | 46 |
| 55 | Kia Soluto | 78 | 0.2% | -67.5% | 55 | 597 | 0.3% | -78.2% | 51 | 33 |
| 56 | Mazda BT-50 | 65 | 0.2% | 170.8% | 54 | 535 | 0.3% | 27.1% | 55 | 54 |
| 57 | Toyota Land Cruiser | 63 | 0.2% | 687.5% | 56 | 280 | 0.1% | 95.8% | 59 | 63 |
| 58 | Suzuki Ertiga | 56 | 0.2% | 229.4% | 57 | 301 | 0.1% | -51.8% | 57 | 52 |
| 59 | Suzuki Swift | 41 | 0.1% | 192.9% | 62 | 230 | 0.1% | -45.2% | 60 | 56 |
| 60 | Isuzu D-Max | 40 | 0.1% | -33.3% | 60 | 343 | 0.2% | -40.8% | 56 | 55 |
| 61 | Toyota Prado | 36 | 0.1% | 89.5% | 59 | 116 | 0.1% | -57.7% | 62 | 61 |
| 62 | Isuzu MU-X | 17 | 0.1% | 13.3% | 61 | 107 | 0.1% | -53.9% | 64 | 60 |
| 63 | Toyota Yaris | 13 | 0.0% | -62.9% | 64 | 108 | 0.1% | -75.2% | 63 | 57 |
| 64 | Toyota Hilux | 10 | 0.0% | n/a | 65 | 72 | 0.0% | 554.5% | 65 | 69 |
| 65 | Ford Explorer | 4 | 0.0% | -63.6% | 58 | 170 | 0.1% | -63.8% | 61 | 53 |
| 66 | Toyota Alphard | 4 | 0.0% | -60.0% | 63 | 68 | 0.0% | 44.7% | 66 | 65 |
| 67 | Honda Accord | 3 | 0.0% | -82.4% | – | 29 | 0.0% | -83.3% | 67 | 62 |
| 68 | Suzuki Ciaz | 1 | 0.0% | -75.0% | – | 15 | 0.0% | -11.8% | 68 | 66 |
Source: VAMA, Hyundai, Vinfast
