The Ford Ranger is #1 in Vietnam in February.
VAMA data shows a Vietnamese market imploding -49.5% year-on-year to just 11,633 sales and off -23.5% to 30,876. When adding Hyundai who reports separately from VAMA, these figures climb to 13,666 (-52%) and 36,478 (-26%). According to VAMA, the horrendous market dynamic is partly due to the Lunar New Year holidays happening in February this year vs. January in 2023, but also the expiration of the 50% registration fee reduction on January 1 and the broader economic challenges.
Thaco-Kia (-49.5%) takes the lead of the brands ranking with 16.1% share, toppling Hyundai (-62.8%) while Ford (-36.8%) resists somewhat to remain third. Mazda (-45.5%) is up two spots on January to #4, Honda (-8.7%) stays at #5 with a splendid hold whereas Toyota (-74.5%) freefalls to an unusual 6th place. In the remainder of the Top 10, Peugeot (-29.5%), Suzuki (-39.4%) and Isuzu (-44.4%) beat the market.
In the models lane, the Ford Ranger (-27.8%) triumphs at 6.4% share, lodging its first monthly win since October 2022. It is now also #1 year-to-date vs. #4 over the Full Year 2023. The Mitsubishi Xpander (-55.6%) is bumped down to #2 while the Honda City (-27.1%) is up 8 spots on January to #3. Meanwhile the Mazda CX-5 (-41%) stays at #4 above the Kia Sonet (-29%) and Hyundai Accent (-76.7%). The Honda HR-V (+271.1%) goes completely against the market with a sensational year-on-year lift.
Previous month: Vietnam January 2024: Mitsubishi Xpander and Ford Ranger top market up 9.6%
One year ago: Vietnam February 2023: Hyundai and Accent keep lead in market up 5.7%
Full February 2024 Top 15 All brands and Top 66 All models below.
Note: The manufacturers ranking includes medium and heavy commercial vehicles, the models ranking does not. Some manufacturers such as Lexus, BMW, Mini and Peugeot don’t share models detail.
Vietnam February 2024 – brands:
| Pos | Brand | Feb-24 | % | /23 | Jan | 2024 | % | /23 | Pos | FY23 |
| 1 | Thaco-Kia | 2,199 | 16.1% | – 49.5% | 2 | 5,322 | 14.6% | – 23.5% | 2 | 3 |
| 2 | Hyundai | 2,033 | 14.9% | – 62.8% | 1 | 5,602 | 15.4% | – 37.5% | 1 | 1 |
| 3 | Ford | 1,664 | 12.2% | – 36.8% | 3 | 4,335 | 11.9% | – 13.2% | 3 | 4 |
| 4 | Mazda | 1,355 | 9.9% | – 45.5% | 6 | 3,327 | 9.1% | – 20.1% | 5 | 5 |
| 5 | Honda | 1,264 | 9.2% | – 8.7% | 5 | 3,287 | 9.0% | + 14.2% | 6 | 7 |
| 6 | Toyota | 1,248 | 9.1% | – 74.5% | 4 | 3,456 | 9.5% | – 56.3% | 4 | 2 |
| 7 | Mitsubishi | 818 | 6.0% | – 64.1% | 7 | 2,611 | 7.2% | – 23.7% | 7 | 6 |
| 8 | Suzuki | 667 | 4.9% | – 39.4% | 8 | 2,261 | 6.2% | + 15.7% | 8 | 9 |
| 9 | Isuzu | 352 | 2.6% | – 44.4% | 9 | 834 | 2.3% | + 1.0% | 9 | 10 |
| 10 | Peugeot | 167 | 1.2% | – 29.5% | 10 | 391 | 1.1% | – 14.4% | 10 | 11 |
| 11 | BMW+Mini | 89 | 0.7% | – 31.0% | 14 | 213 | 0.6% | – 33.6% | 11 | 13 |
| 12 | Hino | 67 | 0.5% | – 69.3% | 13 | 200 | 0.5% | – 39.4% | 13 | 12 |
| 13 | Lexus | 56 | 0.4% | – 47.2% | 12 | 192 | 0.5% | + 64.1% | 14 | 14 |
| 14 | Hyundai Trucks | 55 | 0.4% | – 3.5% | 11 | 205 | 0.6% | + 31.4% | 12 | 15 |
| 15 | Samco | 16 | 0.1% | + 300.0% | 15 | 80 | 0.2% | + 1042.9% | 15 | 16 |
Vietnam February 2024 – models:
| Pos | Model | Feb-24 | % | /23 | Jan | 2024 | % | /23 | Pos | FY23 |
| 1 | Ford Ranger | 880 | 6.4% | – 27.8% | 2 | 2,023 | 5.5% | – 7.0% | 1 | 4 |
| 2 | Mitsubishi Xpander | 641 | 4.7% | – 55.6% | 1 | 1,926 | 5.3% | – 10.7% | 2 | 1 |
| 3 | Honda City | 640 | 4.7% | – 27.1% | 11 | 1,122 | 3.1% | – 31.5% | 7 | 10 |
| 4 | Mazda CX-5 | 600 | 4.4% | – 41.0% | 4 | 1,407 | 3.9% | – 1.8% | 3 | 3 |
| 5 | Kia Sonet | 428 | 3.1% | – 29.0% | 7 | 1,138 | 3.1% | + 14.5% | 5 | 6 |
| 6 | Hyundai Accent | 365 | 2.7% | – 76.7% | 3 | 1,281 | 3.5% | – 50.5% | 4 | 2 |
| 7 | Ford Everest | 351 | 2.6% | – 46.1% | 6 | 1,136 | 3.1% | – 20.1% | 6 | 9 |
| 8 | Honda HR-V | 282 | 2.1% | + 271.1% | 5 | 1,083 | 3.0% | + 295.3% | 8 | 28 |
| 9 | Kia Carnival | 268 | 2.0% | – 36.0% | 20 | 607 | 1.7% | – 8.9% | 19 | 21 |
| 10 | Hyundai Grand i10 | 263 | 1.9% | – 72.3% | 12 | 743 | 2.0% | – 53.0% | 10 | 14 |
| 11 | Mazda2 | 250 | 1.8% | – 31.9% | 19 | 622 | 1.7% | + 4.2% | 17 | 25 |
| 12 | Hyundai Creta | 238 | 1.7% | – 76.8% | 16 | 651 | 1.8% | – 59.6% | 14 | 7 |
| 13 | Mazda3 | 234 | 1.7% | – 41.8% | 17 | 632 | 1.7% | – 19.6% | 16 | 15 |
| 14 | Ford Territory | 220 | 1.6% | – 61.7% | 18 | 610 | 1.7% | – 43.5% | 18 | 13 |
| 15 | Suzuki XL7 | 219 | 1.6% | – 24.5% | 14 | 669 | 1.8% | + 48.3% | 12 | 39 |
| 16 | Kia Seltos | 202 | 1.5% | – 45.0% | 10 | 726 | 2.0% | – 0.5% | 11 | 11 |
| 17 | Kia Carens | 201 | 1.5% | – 19.6% | 23 | 505 | 1.4% | + 5.0% | 20 | 30 |
| 18 | Suzuki Carry Pro | 188 | 1.4% | new | 37 | 336 | 0.9% | new | 30 | 67 |
| 19 | Suzuki Carry | 185 | 1.4% | – 50.8% | 13 | 645 | 1.8% | – 22.9% | 15 | 32 |
| 20 | Toyota Raize | 181 | 1.3% | – 70.6% | 25 | 444 | 1.2% | – 57.0% | 24 | 24 |
| 21 | Ford Transit | 175 | 1.3% | + 19.9% | 27 | 426 | 1.2% | + 64.5% | 26 | 26 |
| 22 | Toyota Vios | 170 | 1.2% | – 80.5% | 8 | 823 | 2.3% | – 28.1% | 9 | 5 |
| 23 | Honda CR-V | 161 | 1.2% | – 54.9% | 24 | 431 | 1.2% | – 38.9% | 25 | 19 |
| 24 | Toyota Wigo | 148 | 1.1% | n/a | 48 | 232 | 0.6% | n/a | 36 | 45 |
| 25 | Hyundai Venue | 147 | 1.1% | new | 30 | 343 | 0.9% | new | 29 | 69 |
| 26 | Toyota Veloz | 146 | 1.1% | – 84.0% | 26 | 399 | 1.1% | – 73.0% | 27 | 12 |
| 27 | Hyundai Santa Fe | 132 | 1.0% | – 74.2% | 41 | 262 | 0.7% | – 68.6% | 35 | 16 |
| 28 | Honda BR-V | 127 | 0.9% | new | 22 | 455 | 1.2% | new | 22 | 35 |
| 29 | Hyundai Custin | 127 | 0.9% | new | 28 | 371 | 1.0% | new | 28 | 46 |
| 30 | Toyota Yaris Cross | 119 | 0.9% | new | 21 | 453 | 1.2% | new | 23 | 34 |
| 31 | Hyundai Tucson | 117 | 0.9% | – 41.2% | 29 | 326 | 0.9% | – 23.1% | 31 | 18 |
| 32 | Mazda CX-8 | 108 | 0.8% | – 46.0% | 32 | 280 | 0.8% | – 21.3% | 33 | 36 |
| 33 | Toyota Corolla Cross | 106 | 0.8% | – 90.2% | 33 | 277 | 0.8% | – 85.8% | 34 | 8 |
| 34 | Kia K3 | 105 | 0.8% | – 65.5% | 31 | 280 | 0.8% | – 47.1% | 32 | 33 |
| 35 | Toyota Fortuner | 86 | 0.6% | – 77.5% | 52 | 149 | 0.4% | – 74.0% | 46 | 31 |
| 36 | Toyota Avanza | 85 | 0.6% | – 73.4% | 42 | 212 | 0.6% | – 56.2% | 40 | 29 |
| 37 | Toyota Camry | 81 | 0.6% | – 67.5% | 44 | 184 | 0.5% | – 61.6% | 43 | 41 |
| 38 | Mazda CX-30 | 78 | 0.6% | – 48.0% | 58 | 105 | 0.3% | – 65.0% | 52 | 47 |
| 39 | Hyundai Elantra | 76 | 0.6% | – 69.6% | 34 | 229 | 0.6% | – 50.5% | 37 | 37 |
| 40 | Kia Sportage | 72 | 0.5% | – 74.5% | 43 | 185 | 0.5% | – 62.9% | 42 | 42 |
| 41 | Mitsubishi Triton | 70 | 0.5% | – 52.1% | 36 | 219 | 0.6% | – 4.4% | 38 | 38 |
| 42 | Mitsubishi Attrage | 67 | 0.5% | – 84.9% | 35 | 217 | 0.6% | – 68.2% | 39 | 22 |
| 43 | Mazda CX-3 | 67 | 0.5% | – 58.6% | 38 | 208 | 0.6% | – 35.0% | 41 | 48 |
| 44 | Hyundai Stargazer | 55 | 0.4% | – 78.3% | 49 | 130 | 0.4% | – 70.1% | 50 | 27 |
| 45 | Hyundai Palisade | 47 | 0.3% | new | 47 | 132 | 0.4% | new | 48 | 63 |
| 46 | Honda Civic | 42 | 0.3% | – 42.5% | 40 | 176 | 0.5% | – 31.0% | 44 | 53 |
| 47 | Toyota Innova | 41 | 0.3% | – 79.3% | 9 | 663 | 1.8% | + 112.5% | 13 | 44 |
| 48 | Kia Morning | 41 | 0.3% | – 75.2% | 51 | 109 | 0.3% | – 64.7% | 51 | 49 |
| 49 | Suzuki Ertiga | 38 | 0.3% | – 26.9% | 15 | 465 | 1.3% | + 453.6% | 21 | 54 |
| 50 | Ford Explorer | 38 | 0.3% | – 9.5% | 45 | 140 | 0.4% | + 145.6% | 47 | 65 |
| 51 | Toyota Corolla | 36 | 0.3% | – 79.4% | 55 | 85 | 0.2% | – 71.9% | 55 | 52 |
| 52 | Suzuki Swift | 34 | 0.2% | – 34.6% | 46 | 132 | 0.4% | + 120.0% | 49 | 64 |
| 53 | Kia Sorento | 34 | 0.2% | – 77.9% | 53 | 95 | 0.3% | – 65.3% | 54 | 50 |
| 54 | Mitsubishi Outlander | 27 | 0.2% | – 81.5% | 50 | 100 | 0.3% | – 59.7% | 53 | 40 |
| 55 | Toyota Innova Cross | 24 | 0.2% | new | 61 | 41 | 0.1% | new | 59 | 61 |
| 56 | Kia Soluto | 19 | 0.1% | – 81.2% | 56 | 60 | 0.2% | – 67.0% | 57 | 56 |
| 57 | Toyota Land Cruiser | 19 | 0.1% | – 47.2% | 62 | 35 | 0.1% | – 53.3% | 60 | 60 |
| 58 | Mazda6 | 18 | 0.1% | – 82.5% | 54 | 68 | 0.2% | – 66.5% | 56 | 55 |
| 59 | Kia K5 | 16 | 0.1% | – 80.0% | 57 | 50 | 0.1% | – 63.5% | 58 | 57 |
| 60 | Mitsubishi Pajero Sport | 13 | 0.1% | – 87.1% | 39 | 149 | 0.4% | + 36.7% | 45 | 58 |
| 61 | Honda Accord | 12 | 0.1% | + 1100.0% | 63 | 20 | 0.1% | + 150.0% | 63 | 73 |
| 62 | Isuzu D-Max | 11 | 0.1% | – 82.0% | 60 | 29 | 0.1% | – 75.4% | 61 | 62 |
| 63 | Isuzu MU-X | 6 | 0.0% | – 57.1% | 59 | 25 | 0.1% | + 19.0% | 62 | 66 |
| 64 | Toyota Alphard | 5 | 0.0% | – 58.3% | 66 | 11 | 0.0% | – 45.0% | 65 | 70 |
| 65 | Suzuki Super Carry Pro | 3 | 0.0% | – 99.1% | 64 | 11 | 0.0% | – 97.9% | 64 | 20 |
| 66 | Toyota Yaris | 1 | 0.0% | – 96.6% | 65 | 8 | 0.0% | – 81.8% | 66 | 72 |
Source: VAMA
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