Vietnam August 2022: Market surges 180.5% on weak year-ago volume, Mitsubishi Xpander #1, Hyundai Creta up to #4

The Hyundai Creta breaks its Vietnamese volume record in August.

According to figures shared by VAMA, new vehicle sales in Vietnam surge 247.2% year-on-year in August to 30,846 units on a particularly weak August 2022 volume (-57%) impacted by Covid-19. The year-to-date volume is now up 49.9% to 262,940, making Vietnam one of the best performing markets in the world so far this year. These figures climb to 37,515 (+180.5%) for the month and 328,630 (+38.3%) year-to-date once adding Hyundai and VinFast who report sales separately.

Toyota (+196.9%) is up two spots on July to take the lead of the brands ranking with 17.9% share vs. 16.8% so far this year. The rest of the podium trails the market with Thaco-Kia (+138.8%) at 16.4% vs. 18.1% YTD and Hyundai (+149.7%) at 14.5% both in August and YTD. Mitsubishi (+1471.6%) scores the largest year-on-year gain in market and is up 16-fold on its August 2021 volume, hitting 10.8% share vs. 8% YTD. Isuzu (+798.2%), Mazda (+256%) and Peugeot (+285.7%) also beat the market in the remainder of the Top 10. In contrast local manufacturer VinFast (-47.2%) is in complete freefall at 3.3% share vs. a record 17.3% a year ago.

Model-wise, the Mitsubishi Xpander (+2800%) easily repeats at #1 with 7.6% share and now ranks #2 year-to-date, 493 sales below the Toyota Vios (+14.8%) down to #6 this month. Like in July, the Toyota Avanza+Veloz ranks #2 overall, this time with 4.8% of the market vs. 2.7% YTD (#9). The Toyota Corolla Cross (+106.3%) rallies back up 6 spots on last month but vastly trails the market year-on-year. The new Hyundai Creta is up four spots to a record 4th place ahead of the Hyundai Accent (+64.6%) underperforming. The Mazda3 (+767%), VinFast Lux A2.0 (+234.3%) and Mazda CX-5 (+231.3%) also outpace the market further down in the Top 10.

Previous month: Vietnam July 2022: Mitsubishi Xpander clear leader in market up 60.1%

One year ago: Vietnam August 2021: VinFast (+54.6%) up to record 17.3% share in devastated market  (-51.4%)

Full August 2022 Top 18 all brands and Top 70 models below.