Vietnam June 2020: Hyundai and Honda City #1, VinFast holds 6.8% of market down -12.8%
New local brand VinFast holds 6.8% of the Vietnamese market in June.
The Vietnamese new vehicle market is down just -12.8% year-on-year in June to 24.002 units, leading to a First Half volume off -30.6% to 107.183 sales according to VAMA. However these figures climb to 31.785 and 139.528 respectively once adding Hyundai and VinFast who report sales separately and whose exclusive June and H1 figures we can share with you. The new-look brands charts shows Hyundai in the lead again at 17.7% share while Thaco-Kia (+7.4%) overtakes Toyota (-41%) to rank #2. Honda (+6.2%), Mitsubishi (+18%) and further down Peugeot (+62.8%), Hino (+56.7%), Suzuki (+19.8%) and Isuzu (+11.3%) also defy the negative context to post spectacular year-on-year gains. New local carmaker VinFast drops two spots on last month to #7 but improves its volume and holds 6.8% of its home market outselling Ford (-29.4%) again.
The Honda City (+203.2%) triples its sales year-on-year to become the surprise best-seller in June whereas it had never ranked inside the Vietnamese podium before, its previous best being #4 hit in September 2014, March 2018 and February 2019. This looks like end-of-generation discounts as the new City hasn’t hit Vietnamese shores just yet. Leader YTD, the Toyota Vios (-46.5%) is toppled to #2 and threatened by the Mitsubishi Xpander (+9.5%) luring just 4 units below. The Hyundai Accent rounds out the Top 5 like in May, the Mazda CX-5 (+21.2%) and Kia Cerato (+20.5%) impress in the remainder of the Top 10 and Hyundai also places the Santa Fe (#10), Kona (#11) and Tucson (#14) inside the June Top 15 as it did in May.
The VinFast Fadil, a rebadged Opel Adam Rocks, remains at #4 and leads its segment above the Hyundai Grand i10 (#7) and Kia Morning (#16). The VinFast Lux A2.0 sedan, using elements from the BMW 3 Series, is down 9 spots on last month and slips outside the Top 10 to #17 but it manages to top its segment for the 2nd month running above the Toyota Camry (#19) and Honda Accord (#57). For its part the VinFast Lux SA2.0 7-seat SUV gains 5% on May and edges up one spot to #23, ranking third in its segment below the Toyota Fortuner (#12) and Ford Everest (#20).
Previous month: Vietnam May 2020: Market recovers to -30.3%, VinFast places Fadil and Lux A2.0 in Top 10
One year ago: Vietnam June 2019: Toyota, Ford, Mitsubishi lift market up 25.6%
Full June 2020 Top 20 All manufacturers and Top 70 models below.
