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Vietnam July 2021: VinFast (+70.8%) up to record #2 and 15.9% share, market off -29.6%

The VinFast Fadil is the best-selling vehicle in Vietnam in July.

According to figures released by VAMA, the Vietnamese new vehicle market freefalls -33.4% year-on-year in July to 16.035 units, leading to a year-to-date tally up 26.9% to 166.516. These figures climb to 23.848 for the month (-29.6%) and 224.302 year-to-date (+29.3%) once adding Hyundai and VinFast who report separately from VAMA. Despite almost halving its sales year-on-year, Hyundai (-47%) remains the most popular carmaker in Vietnam and even advances to the YTD pole position this month. Domestic manufacturer VinFast (+70.8%) stuns and breaks records in July: it leaps up to an all-time high 2nd place overall with a best-ever 15.9% share, whereas it only broke the 10% share milestone for the first time last month. Toyota (-31.8%) remains third while Thaco-Kia (-31.3%) drops two spots on June to #4 and Ford (-27.6%) is up four to round out the Top 5. Hino (+44.8%), Peugeot (+26%) and Honda (+6.4%) all defy the negative market with solid year-on-year growth.

Model-wise, the VinFast Fadil (+85.7%) – a rebadged Opel Karl Rocks – surges ahead and threepeats at #1 with a record 2.928 sales and 12.3% share, selling more than twice any other nameplate in the country and cementing its YTD pole position. The Toyota Vios (-52.2%) remains in 2nd place and now also ranks #2 year-to-date while the Ford Ranger (+27.4%) also goes against the negative grain and jumps seven spots on June to land on the third step of the podium. The Kia Cerato (-19.9%) holds better than the market at #4, distancing the Hyundai Accent (-55.7%) in complete freefall with the Hyundai Santa Fe (-23.9%) down one to #6. The Toyota Corolla Cross is the best-selling recent launch, down one rank to #7 and followed by the Kia Seltos down two to #10.

Previous month: Vietnam June 2021: VinFast crosses 10% share milestone for the first time in market down -1.7%

One year ago: Vietnam July 2020: VinFast holds onto 7th spot in market down -9.7%

Full July 2021 Top 17 brands and Top XX models below.

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