Vietnam May 2020: Market recovers to -30.3%, VinFast places Fadil and Lux A2.0 in Top 10

June 17, 2020
Matt Gasnier

The VinFast Lux A2.0 ranks inside the Top 10 at home.

Vietnam has impressed with its handling of the coronavirus crisis with only 334 reported cases and 0 deaths as of June 16 for a country of 95.5 million inhabitants bordering China… Its new car market is already recovering at -30.3% year-on-year to 19.081 units leading to a year-to-date tally down -34.2% to 83.759. Toyota (-34.1%) reclaims the manufacturers top spot at 21.8% share above Thaco-Kia (-20.9%) at 20.2% while Honda (-8.8%) scores the best hold in the Top 6 to shoot up to 14.2% share vs. 10.6% so far this year. Ford (-38.1%), Mazda (-28.6%) and Mitsubishi (-50.3%) follow just as Suzuki (+1.7%) and Hino (+18.5%) post the only gains in the Top 10. Below, Peugeot (+3.1%) and Lexus (+67.4%) also stand out with upticks.

The VinFast Fadil tops its segment in May.

However these figures are not complete, as both Hyundai and Vietnam’s first domestic carmaker VinFast doesn’t disclose sales to VAMA and therefore haven’t appeared in these rankings before. Hyundai is in fact the most popular brand in the country with 4.833 sales for the month while VinFast sold 5.124 units in Vietnam over Q1 2020 and 2.161 in May, which places the brand at #5 below Hyundai, Toyota, Thaco-Kia ad Honda.

The VinFast Lux SA2.0 is inside its home Top 25.

Model-wise, the Toyota Vios (-8.7%) remains the best-seller above the Honda CR-V (+20%) and Ford Ranger (+6.9%). For the first time we can share with you registrations data for Hyundai and VinFast and it shows the VinFast Fadil at a record 4th place, outselling its archenemy the Hyundai Grand i10 for the first time (#6). The Fadil is in fact a rebadged Opel Karl Rocks with raised suspension, grey plastic wheel arch protectors and lower body cladding. Hyundai also places the Accent at #5 and the Santa Fe at #9 while the VinFast Lux A2.0 ranks 8th with 682 sales. For its part the VinFast Lux SA2.0 SUV ranks 22nd.

Clear V-shaped recovery for the Vietnamese new car market.