Vietnam September 2024: Mitsubishi Xpander reclaims lead in surging market (+37.5%)
The Mitsubishi Xpander is the best-selling vehicle in Vietnam both this month and YTD.
Local association VAMA has the Vietnamese new vehicle market surging 44.2% year-on-year in September to 36,585 units, leading to a year-to-date volume up 7.5% to 225,585. These figures climb to 43,103 (+37.5%) and 266,210 (+6%) when adding Hyundai which reports separately from VAMA. The reason behind this market surge is the adoption by the government of a reduced 50% of the ownership tax.
Toyota (+69.6%) manages to outrun the market to hold onto the brands top spot with 16.2% share, one percentage point above its YTD level of 15.2%. It remains #2 YTD however below Hyundai (+9.1%), disappointing this month. Similarly Thaco-Kia (+8.9%) is weak at #3. Mitsubishi on the other hand is up 88.1% to 12.5% share vs. 10.5% YTD. Isuzu (+63.7% also shines while Ford (+27.2%) and Honda (+41.2%), although displaying significant gains, just can’t catch up with the market growth.
The Mitsubishi Xpander (+40.1%) reclaims the top spot in the models charts both for the month and year-to-date. As a reminder the Xpander already finished first over the Full Year 2023. The Mazda CX-5 (-8.3%) advances one spot on August to #2 ahead of the Toyota Vios (+23.1%) also up one rank to #3. Leader for the past two months, the Mitsubishi Xforce falls to #4 and ranks #3 year-to-date. It’s an excellent month for the Honda City (+121.1%) up 14 spots on last month to #5.
Previous month: Vietnam August 2024: Mitsubishi Xforce repeats at #1, Ford Ranger now #1 YTD
One year ago: Vietnam September 2023: Mazda CX-5 repeats at #1 in depleted market
Full September 2024 Top 16 All brands and Top XX All models below.
Note: Medium and large commercial vehicles are included in the brands ranking but not in models. Some manufacturers such as BMW, Lexus, Mini and Peugeot don’t share model detail.
Vietnam September 2024 – brands:
Pos | Brand | Sep-24 | % | /23 | Aug | 2024 | % | /23 | Pos | FY23 |
1 | Toyota | 6,986 | 16.2% | + 69.6% | 1 | 40,503 | 15.2% | + 5.2% | 2 | 2 |
2 | Hyundai | 6,518 | 15.1% | + 9.1% | 2 | 40,625 | 15.3% | – 1.3% | 1 | 1 |
3 | Thaco-Kia | 5,635 | 13.1% | + 8.9% | 4 | 35,806 | 13.5% | – 10.6% | 3 | 3 |
4 | Mitsubishi | 5,385 | 12.5% | + 88.1% | 3 | 27,933 | 10.5% | + 29.0% | 5 | 6 |
5 | Ford | 3,967 | 9.2% | + 27.2% | 5 | 28,038 | 10.5% | + 5.9% | 4 | 4 |
6 | Honda | 3,607 | 8.4% | + 41.2% | 7 | 17,654 | 6.6% | + 17.1% | 7 | 7 |
7 | Mazda | 3,583 | 8.3% | – 0.7% | 6 | 21,274 | 8.0% | – 10.9% | 6 | 5 |
8 | Isuzu | 1,110 | 2.6% | + 63.7% | 8 | 7,060 | 2.7% | + 16.3% | 9 | 10 |
9 | Suzuki | 780 | 1.8% | – 13.6% | 9 | 7,985 | 3.0% | – 26.4% | 8 | 9 |
10 | Peugeot | 261 | 0.6% | + 15.5% | 10 | 2,132 | 0.8% | + 15.7% | 10 | 11 |
11 | Hyundai Trucks | 230 | 0.5% | + 115.0% | 11 | 1,705 | 0.6% | + 106.7% | 11 | 15 |
12 | BMW+Mini | 207 | 0.5% | + 19.0% | 12 | 1,334 | 0.5% | – 8.8% | 12 | 13 |
13 | Lexus | 157 | 0.4% | – 11.3% | 14 | 1,014 | 0.4% | – 18.4% | 14 | 14 |
14 | Hino | 89 | 0.2% | – 59.7% | 13 | 1,134 | 0.4% | – 34.3% | 13 | 12 |
15 | Daewoo Bus | 17 | 0.0% | + 21.4% | 16 | 52 | 0.0% | – 68.7% | 16 | 18 |
16 | Samco | 9 | 0.0% | – 70.0% | 15 | 230 | 0.1% | + 37.7% | 15 | 16 |
Vietnam September 2024 – models:
Pos | Model | Sep-24 | % | /23 | Aug | 2024 | % | /23 | Pos | FY23 |
1 | Mitsubishi Xpander | 2,688 | 6.2% | + 40.1% | 5 | 12,956 | 4.9% | – 8.7% | 1 | 1 |
2 | Mazda CX-5 | 1,856 | 4.3% | – 8.3% | 3 | 9,240 | 3.5% | – 14.7% | 4 | 3 |
3 | Toyota Vios | 1,842 | 4.3% | + 23.1% | 4 | 8,812 | 3.3% | + 17.8% | 5 | 5 |
4 | Mitsubishi Xforce | 1,821 | 4.2% | new | 1 | 9,963 | 3.7% | new | 3 | – |
5 | Honda City | 1,590 | 3.7% | + 121.1% | 19 | 6,071 | 2.3% | – 10.1% | 9 | 10 |
6 | Ford Ranger | 1,473 | 3.4% | + 9.4% | 2 | 11,766 | 4.4% | + 4.7% | 2 | 4 |
7 | Hyundai Accent | 1,290 | 3.0% | – 24.6% | 6 | 8,200 | 3.1% | – 28.9% | 6 | 2 |
8 | Toyota Veloz Cross | 1,147 | 2.7% | + 89.9% | 13 | 5,218 | 2.0% | – 15.0% | 10 | 12 |
9 | Hyundai Creta | 1,068 | 2.5% | + 11.4% | 9 | 5,181 | 1.9% | – 17.9% | 11 | 7 |
10 | Kia Carnival | 1,023 | 2.4% | + 161.6% | 30 | 4,276 | 1.6% | + 13.9% | 14 | 21 |
11 | Toyota Yaris Cross | 979 | 2.3% | + 443.9% | 7 | 6,898 | 2.6% | + 3732.2% | 8 | 34 |
12 | Ford Everest | 948 | 2.2% | + 27.6% | 8 | 7,153 | 2.7% | + 7.2% | 7 | 9 |
13 | Honda CR-V | 925 | 2.1% | + 27.9% | 28 | 4,128 | 1.6% | + 10.6% | 16 | 19 |
14 | Ford Territory | 822 | 1.9% | + 17.1% | 11 | 5,084 | 1.9% | – 5.3% | 12 | 13 |
15 | Toyota Corolla Cross | 801 | 1.9% | + 248.3% | 10 | 4,077 | 1.5% | – 56.6% | 17 | 8 |
16 | Hyundai Santa Fe | 758 | 1.8% | + 61.3% | 14 | 3,899 | 1.5% | + 10.0% | 19 | 16 |
17 | Kia Sonet | 742 | 1.7% | – 34.0% | 17 | 5,083 | 1.9% | – 33.6% | 13 | 6 |
18 | Honda HR-V | 695 | 1.6% | + 184.8% | 37 | 4,024 | 1.5% | + 74.7% | 18 | 28 |
19 | Kia Seltos | 681 | 1.6% | – 36.1% | 16 | 4,253 | 1.6% | – 31.9% | 15 | 11 |
20 | Ford Transit | 673 | 1.6% | + 106.4% | 12 | 3,530 | 1.3% | + 16.1% | 21 | 26 |
21 | Mazda3 | 582 | 1.4% | – 15.7% | 21 | 3,398 | 1.3% | – 22.5% | 23 | 15 |
22 | Hyundai Grand i10 | 561 | 1.3% | – 10.7% | 24 | 3,292 | 1.2% | – 38.9% | 24 | 14 |
23 | Toyota Innova Cross | 530 | 1.2% | new | 20 | 3,270 | 1.2% | new | 25 | 61 |
24 | Hyundai Tucson | 495 | 1.1% | – 14.4% | 18 | 3,529 | 1.3% | + 36.2% | 22 | 18 |
25 | Hyundai Venue | 482 | 1.1% | new | 26 | 2,584 | 1.0% | new | 29 | 69 |
26 | Kia Carens | 477 | 1.1% | + 21.4% | 23 | 3,084 | 1.2% | + 19.0% | 26 | 30 |
27 | Toyota Fortuner | 451 | 1.0% | + 48.4% | 31 | 2,250 | 0.8% | – 17.3% | 32 | 31 |
28 | Kia K3 | 443 | 1.0% | + 77.2% | 25 | 2,592 | 1.0% | + 18.1% | 28 | 33 |
29 | Hyundai Stargazer | 443 | 1.0% | + 10.8% | 22 | 2,554 | 1.0% | – 1.8% | 30 | 27 |
30 | Kia Sportage | 407 | 0.9% | + 142.3% | 29 | 1,925 | 0.7% | + 12.2% | 36 | 42 |
31 | Suzuki Carry Pro | 395 | 0.9% | + 2721.4% | 33 | 2,200 | 0.8% | + 12122.2% | 33 | 67 |
32 | Mazda2 | 380 | 0.9% | + 36.7% | 15 | 3,619 | 1.4% | + 26.8% | 20 | 25 |
33 | Honda BR-V | 372 | 0.9% | – 53.1% | 39 | 2,472 | 0.9% | + 86.0% | 31 | 35 |
34 | Mitsubishi Triton | 360 | 0.8% | + 80.9% | 47 | 1,641 | 0.6% | + 4.8% | 42 | 38 |
35 | Mazda CX-8 | 319 | 0.7% | + 27.6% | 38 | 1,811 | 0.7% | – 15.0% | 40 | 36 |
36 | Toyota Raize | 312 | 0.7% | – 6.9% | 27 | 2,968 | 1.1% | – 22.0% | 27 | 24 |
37 | Hyundai Custin | 302 | 0.7% | new | 35 | 1,948 | 0.7% | new | 35 | 46 |
38 | Suzuki XL7 | 282 | 0.7% | + 70.9% | 63 | 2,095 | 0.8% | + 2.9% | 34 | 39 |
39 | Toyota Hilux | 280 | 0.6% | + 1300.0% | 40 | 1,333 | 0.5% | + 1157.5% | 44 | 71 |
40 | Mitsubishi Attrage | 250 | 0.6% | – 49.1% | 32 | 1,821 | 0.7% | – 49.9% | 39 | 22 |
41 | Toyota Avanza Premio | 204 | 0.5% | – 30.1% | 45 | 1,447 | 0.5% | – 39.3% | 43 | 29 |
42 | Mitsubishi Outlander | 198 | 0.5% | + 23.0% | 36 | 1,037 | 0.4% | – 31.1% | 48 | 40 |
43 | Mazda CX-3 | 193 | 0.4% | + 93.0% | 34 | 1,683 | 0.6% | + 52.6% | 41 | 48 |
44 | Toyota Wigo | 183 | 0.4% | – 2.1% | 41 | 1,900 | 0.7% | + 88.3% | 38 | 45 |
45 | Hyundai Elantra | 179 | 0.4% | – 36.3% | 44 | 1,259 | 0.5% | – 34.3% | 45 | 37 |
46 | Mazda CX-30 | 165 | 0.4% | + 14.6% | 43 | 1,109 | 0.4% | + 2.3% | 47 | 47 |
47 | Hyundai Palisade | 163 | 0.4% | new | 46 | 941 | 0.4% | new | 50 | 63 |
48 | Kia Sorento | 116 | 0.3% | + 12.6% | 49 | 690 | 0.3% | – 37.1% | 52 | 50 |
49 | Toyota Camry | 108 | 0.3% | – 40.0% | 48 | 962 | 0.4% | – 49.3% | 49 | 41 |
50 | Mazda6 | 88 | 0.2% | + 17.3% | 54 | 409 | 0.2% | – 51.3% | 58 | 55 |
51 | Mitsubishi Pajero Sport | 68 | 0.2% | – 27.7% | 52 | 515 | 0.2% | – 31.9% | 54 | 58 |
52 | Kia Morning | 62 | 0.1% | – 24.4% | 55 | 551 | 0.2% | – 51.0% | 53 | 49 |
53 | Toyota Land Cruiser | 61 | 0.1% | – 6.2% | 59 | 435 | 0.2% | + 9.3% | 57 | 60 |
54 | Isuzu D-Max | 61 | 0.1% | + 90.6% | 50 | 341 | 0.1% | – 13.9% | 60 | 62 |
55 | Suzuki Jimny | 58 | 0.1% | new | 51 | 319 | 0.1% | new | 61 | – |
56 | Ford Explorer | 51 | 0.1% | n/a | 56 | 505 | 0.2% | + 197.1% | 55 | 65 |
57 | Suzuki Carry | 45 | 0.1% | – 82.1% | 42 | 1,918 | 0.7% | – 23.8% | 37 | 32 |
58 | Kia Soluto | 44 | 0.1% | – 51.1% | 61 | 287 | 0.1% | – 62.6% | 62 | 56 |
59 | Toyota Innova | 38 | 0.1% | – 66.1% | 53 | 472 | 0.2% | – 68.2% | 56 | 44 |
60 | Toyota Corolla | 37 | 0.1% | – 54.9% | 57 | 356 | 0.1% | – 68.7% | 59 | 52 |
61 | Isuzu MU-X | 36 | 0.1% | + 24.1% | 60 | 160 | 0.1% | + 7.4% | 65 | 66 |
62 | Kia K5 | 20 | 0.0% | – 77.8% | 62 | 207 | 0.1% | – 71.7% | 64 | 57 |
63 | Honda Civic | 17 | 0.0% | – 76.4% | 58 | 894 | 0.3% | – 2.2% | 51 | 53 |
64 | Toyota Alphard | 13 | 0.0% | + 1200.0% | 64 | 96 | 0.0% | + 31.5% | 66 | 70 |
65 | Honda Accord | 8 | 0.0% | + 166.7% | 65 | 65 | 0.0% | + 91.2% | 67 | 73 |
Source: VAMA