Vietnam September 2022: Sales double year-on-year, Toyota Avanza/Veloz best-seller

The Toyota Avanza/Veloz claims the September top spot in Vietnam.

VAMA figures have the Vietnamese new vehicle market up 147.2% year-on-year in September to 33,463 units on a Covid-19 impacted September 2021 volume (-50.3%). This means the year-to-date tally is now up 56.9% to 296,403, still making Vietnam one of the best performing markets in the world YTD. These figures jump to 42,143 (+99.6%) for the month and 370,773 (+43.2%) year-to-date once adding Hyundai and VinFast who report sales separately. Note VinFast didn’t publish sales data for September.

In the manufacturers ranking, Toyota (+198.4%) remains in the lead with 20.8% share but still ranks #2 year-to-date below Thaco-Kia (+52.9%) down to #3 for the month. Hyundai (+112.8%) misses out on this month’s pole position for less than 100 sales. Mitsubishi (+432.2%) easily beats the market to stay in 4th place above Ford (+114.4%) and Honda (+233.9%) both outpacing the overall growth as well.

Model-wise, the Toyota Avanza+Veloz steps up one spot on August to claim the top spot with 7.3% share vs. 3.2% so far this year. The Hyundai Accent (+106.8%) is up three ranks to #2 while last month’s leader the Mitsubishi Xpander (+915.1%) is down two to #3 but continues to soar year-on-year. The Toyota Vios (+245.8%) is up two spots on last month to #4 and retains the YTD pole position with a 470 sales advantage over the Xpander. At #5, the Hyundai Creta breaks its volume record for the 2nd month in a row. The Honda City (+280.2%) also shines in the remainder of the Top 10.

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

One year ago: Vietnam September 2021: VinFast (-5.1%) defies market down -46.1%

Full September 2022 Top 18 all manufacturers and Top 57 all models below.