Vietnam - Automotive Sales volume, 2023
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Flash report, Automotive sales volume, 2023
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Flash report, December 2023
Jan 11, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam up 9.7% in December, full year 2023 down 25.4% to 301,989
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on January 10, automobile sales (including imported vehicles of nonVAMA manufactures' sales) in Vietnam were up 9.7% year-on-year to 38,740 units in December. This was the first positive monthly sales growth since February 2023. CKD volume was 24,044 units, and CBU volume was 14,696 units.
2023 annual sales were down 25.4% to 301,989 units. CKD volume was 181,380 units, and CBU volume was 120,609 units.
VAMA members (20 manufactures) sales in 2023 were down 22.8% to 276,377 units. VAMA members passenger car sales were down 24.5%, commercial vehicles were down 13.7%, and special purpose vehicles were down 69.2%.
By brand sales in 2023 based on MarkLines Data Center figures, Toyota (excluding Lexus) decreased 37.0% to 57,414 units (19.0% market share). Thaco Kia decreased 32.9% to 40,773 units (13.5% share). Ford was up 32.8% to 38,322 units (12.7% share). Thaco Mazda sales were down 1.2% to 35,632 units (11.8% share). Mitsubishi sales down 22.5%to 30,894 (10.2% share). Honda sales were down 22.3% to 23,802 units (7.9% share).
| Dec. 2023 | Dec. 2022 | Y-o-Y | Jan. -Dec. 2023 | Jan. -Dec. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars |
30,329
|
23,825
|
27.3%
|
214,619
|
284,317
|
-24.5%
|
| Commercial Vehicles |
5,962
|
6,353
|
-6.2%
|
60,729
|
70,409
|
-13.7%
|
| SPV |
59
|
125
|
-52.8%
|
1,029
|
3,337
|
-69.2%
|
| VAMA Total |
36,350
|
30,303
|
20.0%
|
276,377
|
358,063
|
-22.8%
|
| Total (Incl. non-VAMA member import) |
38,740
|
35,301
|
9.7%
|
301,989
|
404,635
|
-25.4%
|
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Dec. 2023 | Share | Dec. 2022 | Share | Y-o-Y | Jan. -Dec. 2023 | Share | Jan. -Dec. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota |
9,050
|
23.4%
|
9,624
|
27.3%
|
-6.0%
|
57,414
|
19.0%
|
91,115
|
22.5%
|
-37.0%
|
| Thaco Kia |
4,738
|
12.2%
|
2,945
|
8.3%
|
60.9%
|
40,773
|
13.5%
|
60,729
|
15.0%
|
-32.9%
|
| Ford |
4,854
|
12.5%
|
4,811
|
13.6%
|
0.9%
|
38,322
|
12.7%
|
28,847
|
7.1%
|
32.8%
|
| Thaco Mazda |
4,336
|
11.2%
|
2,500
|
7.1%
|
73.4%
|
35,632
|
11.8%
|
36,052
|
8.9%
|
-1.2%
|
| Mitsubishi |
4,274
|
11.0%
|
3,056
|
8.7%
|
39.9%
|
30,894
|
10.2%
|
39,861
|
9.9%
|
-22.5%
|
| Honda |
4,059
|
10.5%
|
2,322
|
6.6%
|
74.8%
|
23,802
|
7.9%
|
30,645
|
7.6%
|
-22.3%
|
| Thaco Truck |
1,092
|
2.8%
|
964
|
2.7%
|
13.3%
|
14,535
|
4.8%
|
21,107
|
5.2%
|
-31.1%
|
| Suzuki |
1,115
|
2.9%
|
1,615
|
4.6%
|
-31.0%
|
13,317
|
4.4%
|
16,209
|
4.0%
|
-17.8%
|
| Isuzu* |
948
|
2.4%
|
855
|
2.4%
|
10.9%
|
8,671
|
2.9%
|
11,108
|
2.7%
|
-21.9%
|
| Peugeot |
553
|
1.4%
|
450
|
1.3%
|
22.9%
|
3,038
|
1.0%
|
10,175
|
2.5%
|
-70.1%
|
| Hino* |
367
|
0.9%
|
515
|
1.5%
|
-28.7%
|
2,555
|
0.8%
|
5,613
|
1.4%
|
-54.5%
|
| Thaco BMW |
237
|
0.6%
|
241
|
0.7%
|
-1.7%
|
2,110
|
0.7%
|
1,298
|
0.3%
|
62.6%
|
| Lexus |
235
|
0.6%
|
82
|
0.2%
|
186.6%
|
1,793
|
0.6%
|
1,510
|
0.4%
|
18.7%
|
| Bus Thaco |
280
|
0.7%
|
60
|
0.2%
|
366.7%
|
1,630
|
0.5%
|
939
|
0.2%
|
73.6%
|
| Dothanh |
121
|
0.3%
|
73
|
0.2%
|
65.8%
|
949
|
0.3%
|
1,581
|
0.4%
|
-40.0%
|
| Vinamotor* |
27
|
0.1%
|
45
|
0.1%
|
-40.0%
|
285
|
0.1%
|
384
|
0.1%
|
-25.8%
|
| SAMCO |
31
|
0.1%
|
62
|
0.2%
|
-50.0%
|
239
|
0.1%
|
289
|
0.1%
|
-17.3%
|
| VEAM |
17
|
0.0%
|
14
|
0.0%
|
21.4%
|
216
|
0.1%
|
491
|
0.1%
|
-56.0%
|
| Daewoo Bus |
16
|
0.0%
|
69
|
0.2%
|
-76.8%
|
202
|
0.1%
|
110
|
0.0%
|
83.6%
|
| VAMA Total |
36,350
|
93.8%
|
30,303
|
85.8%
|
20.0%
|
276,377
|
91.5%
|
358,063
|
88.5%
|
-22.8%
|
| Total (Incl. non-VAMA member import) |
38,740
|
100.0%
|
35,301
|
100.0%
|
9.7%
|
301,989
|
100.0%
|
404,635
|
100.0%
|
-25.4%
|
* exclude bus chassis
Flash report, November 2023
Dec 12, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on December 12, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 23.1% year-over-year to 27,953 units in November. CKD volume was 18,092 units and CBU volume was 9,861 units. VAMA members (20 manufactures) sales in November were down 15.2% y/y to 26,439 units.
VAMA members passenger car sales were down 14.6%, commercial vehicles were down 17.7% and special purpose vehicles were down 34.9%.
By brand sales in November based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 32.8% y/y to 5,833 units with a 20.9% market share. Thaco Kia was down 18.7% to 4,138 units with a 14.8% market share.
Ford was down 13.0% to 3,922 units with a 14.0% market share. Thaco Mazda was up 0.4% to 3,505 units with a 12.5% market share. Honda was up 75.8% to 2,525 units with a 9.0% market share. Mitsubishi was down 26.9% to 2,517 units with a 9.0% market share. Thaco Truck was down 17.0% to 1,121 units with a 4.0% market share.
Cumulative sales for the eleven months of the year were down 28.7% y/y to 263,249 units.
On December 12, multiple sources reported that automobile experts say that, although in recent months, car manufacturers have continuously launched promotional programs, reducing prices to stimulate sales, releasing inventory, but the Vietnamese auto market in November 2023 is still moving sideways for the second consecutive month, contrary to business expectations.
Cumulative sales for the whole year of 2023 are unlikely to reach sales of more than 404,635 cars like in 2022, the main reason is said to be due to the impact of economic factors causing consumers to tighten their grip. spending in the current difficult context.
Sales volume by type of VAMA members *
| Nov. 2023 | Nov. 2022 | Y-o-Y | Jan. -Nov. 2023 | Jan. -Nov. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 21,567 | 25,251 | -14.6% | 184,290 | 260,492 | -29.3% |
| Commercial Vehicles | 4,816 | 5,849 | -17.7% | 54,767 | 64,056 | -14.5% |
| SPV | 56 | 86 | -34.9% | 970 | 3,212 | -69.8% |
| VAMA Total | 26,439 | 31,186 | -15.2% | 240,027 | 327,760 | -26.8% |
| Total (Incl. non-VAMA member import) |
27,953 | 36,371 | -23.1% | 263,249 | 369,334 | -28.7% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Nov. 2023 | Share | Nov. 2022 | Share | Y-o-Y | Jan. -Nov. 2023 | Share | Jan. -Nov. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 5,833 | 20.9% | 8,678 | 23.9% | -32.8% | 48,364 | 18.4% | 81,491 | 22.1% | -40.7% |
| Thaco Kia | 4,138 | 14.8% | 5,090 | 14.0% | -18.7% | 36,035 | 13.7% | 57,784 | 15.6% | -37.6% |
| Ford | 3,922 | 14.0% | 4,506 | 12.4% | -13.0% | 33,468 | 12.7% | 24,036 | 6.5% | 39.2% |
| Thaco Mazda | 3,505 | 12.5% | 3,492 | 9.6% | 0.4% | 31,296 | 11.9% | 33,552 | 9.1% | -6.7% |
| Honda | 2,525 | 9.0% | 1,436 | 3.9% | 75.8% | 19,743 | 7.5% | 28,323 | 7.7% | -30.3% |
| Mitsubishi | 2,517 | 9.0% | 3,441 | 9.5% | -26.9% | 26,620 | 10.1% | 36,805 | 10.0% | -27.7% |
| Thaco Truck | 1,121 | 4.0% | 1,350 | 3.7% | -17.0% | 13,443 | 5.1% | 20,143 | 5.5% | -33.3% |
| Isuzu* | 833 | 3.0% | 839 | 2.3% | -0.7% | 7,723 | 2.9% | 10,253 | 2.8% | -24.7% |
| Suzuki | 674 | 2.4% | 1,114 | 3.1% | -39.5% | 12,202 | 4.6% | 14,594 | 4.0% | -16.4% |
| Peugeot | 408 | 1.5% | 347 | 1.0% | 17.6% | 2,485 | 0.9% | 9,725 | 2.6% | -74.4% |
| Hino* | 248 | 0.9% | 385 | 1.1% | -35.6% | 2,188 | 0.8% | 5,098 | 1.4% | -57.1% |
| Thaco BMW | 211 | 0.8% | 132 | 0.4% | 59.8% | 1,873 | 0.7% | 1,057 | 0.3% | 77.2% |
| Bus Thaco | 165 | 0.6% | 130 | 0.4% | 26.9% | 1,350 | 0.5% | 879 | 0.2% | 53.6% |
| Lexus | 161 | 0.6% | 62 | 0.2% | 159.7% | 1,558 | 0.6% | 1,428 | 0.4% | 9.1% |
| Dothanh | 109 | 0.4% | 92 | 0.3% | 18.5% | 828 | 0.3% | 1,508 | 0.4% | -45.1% |
| Vinamotor* | 24 | 0.1% | 53 | 0.1% | -54.7% | 258 | 0.1% | 339 | 0.1% | -23.9% |
| SAMCO | 24 | 0.1% | 26 | 0.1% | -7.7% | 208 | 0.1% | 227 | 0.1% | -8.4% |
| VEAM | 17 | 0.1% | 10 | 0.0% | 70.0% | 199 | 0.1% | 477 | 0.1% | -58.3% |
| Daewoo Bus | 4 | 0.0% | 3 | 0.0% | 33.3% | 186 | 0.1% | 41 | 0.0% | 353.7% |
| VAMA Total | 26,439 | 94.6% | 31,186 | 85.7% | -15.2% | 240,027 | 91.2% | 327,760 | 88.7% | -26.8% |
| Total (Incl. non-VAMA member import) |
27,953 | 100.0% | 36,371 | 100.0% | -23.1% | 263,249 | 100.0% | 369,334 | 100.0% | -28.7% |
* exclude bus chassis
Flash report, October 2023
Nov 13, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam down 30.6% in October
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on November 13, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 30.6% year-over-year to 25,369 units in October. CKD volume was 16,414 units and CBU volume was 8,955 units. VAMA members (20 manufactures) sales in October were down 25.8% y/y to 23,458 units.
VAMA members passenger car sales were down 24.6%, commercial vehicles were down 28.2% and special purpose vehicles were down 75.4%.
By brand sales in October based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 53.5% y/y to 4,041 units with a 15.9% market share. Thaco Kia was down 18.0% to 4,020 units with a 15.8% market share. Thaco Mazda was up 12.1% to 3,925 units with a 15.5% market share.
Ford was down 23.7% to 3,062 units with a 12.1% market share. Mitsubishi was down 19.9% to 2,457 units with a 9.7% market share. Honda was up 23.2% to 2,148 units with an 8.5% market share. Thaco Truck was down 36.8% to 1,171 units with a 4.6% market share.
Cumulative sales for the ten months of the year were down 29.3% y/y to 235,296 units.
GlobalData reported on November 2 with their blog that the Vietnamese automotive market has tumbled very badly this year and that is owing partially to a high base effect, as sales last year were inflated by the government’s temporary reduction in the vehicle registration fee. Higher financing costs and tightened credit conditions have hit sales as well.
Yet, the main factor behind poor sales results was the collapse in consumer and business confidence, as the country’s once bubbling property market has gone bust after the government took measures to rein in leverage and launched anti-graft campaigns.
| Oct. 2023 | Oct. 2022 | Y-o-Y | Jan. -Oct. 2023 | Jan. -Oct. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 18,234 | 24,193 | -24.6% | 162,723 | 235,241 | -30.8% |
| Commercial Vehicles | 5,166 | 7,194 | -28.2% | 49,951 | 58,207 | -14.2% |
| SPV | 58 | 236 | -75.4% | 914 | 3,126 | -70.8% |
| VAMA Total | 23,458 | 31,623 | -25.8% | 213,588 | 296,574 | -28.0% |
| Total (Incl. non-VAMA member import) |
25,369 | 36,560 | -30.6% | 235,296 | 332,963 | -29.3% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Oct. 2023 | Share | Oct. 2022 | Share | Y-o-Y | Jan. -Oct. 2023 | Share | Jan. -Oct. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 4,041 | 15.9% | 8,683 | 23.8% | -53.5% | 42,531 | 18.1% | 72,813 | 21.9% | -41.6% |
| Thaco Kia | 4,020 | 15.8% | 4,902 | 13.4% | -18.0% | 31,897 | 13.6% | 52,694 | 15.8% | -39.5% |
| Thaco Mazda | 3,925 | 15.5% | 3,502 | 9.6% | 12.1% | 27,791 | 11.8% | 30,060 | 9.0% | -7.5% |
| Ford | 3,062 | 12.1% | 4,012 | 11.0% | -23.7% | 29,546 | 12.6% | 19,530 | 5.9% | 51.3% |
| Mitsubishi | 2,457 | 9.7% | 3,068 | 8.4% | -19.9% | 24,103 | 10.2% | 33,364 | 10.0% | -27.8% |
| Honda | 2,148 | 8.5% | 1,744 | 4.8% | 23.2% | 17,218 | 7.3% | 26,887 | 8.1% | -36.0% |
| Thaco Truck | 1,171 | 4.6% | 1,852 | 5.1% | -36.8% | 12,322 | 5.2% | 18,793 | 5.6% | -34.4% |
| Isuzu* | 817 | 3.2% | 974 | 2.7% | -16.1% | 6,890 | 2.9% | 9,414 | 2.8% | -26.8% |
| Suzuki | 680 | 2.7% | 1,369 | 3.7% | -50.3% | 11,528 | 4.9% | 13,480 | 4.0% | -14.5% |
| Peugeot | 235 | 0.9% | 553 | 1.5% | -57.5% | 2,077 | 0.9% | 9,378 | 2.8% | -77.9% |
| Hino* | 215 | 0.8% | 458 | 1.3% | -53.1% | 1,940 | 0.8% | 4,713 | 1.4% | -58.8% |
| Thaco BMW | 199 | 0.8% | 62 | 0.2% | 221.0% | 1,662 | 0.7% | 925 | 0.3% | 79.7% |
| Bus Thaco | 156 | 0.6% | 114 | 0.3% | 36.8% | 1,185 | 0.5% | 749 | 0.2% | 58.2% |
| Lexus | 155 | 0.6% | 92 | 0.3% | 68.5% | 1,397 | 0.6% | 1,366 | 0.4% | 2.3% |
| Dothanh | 108 | 0.4% | 115 | 0.3% | -6.1% | 719 | 0.3% | 1,416 | 0.4% | -49.2% |
| Vinamotor* | 20 | 0.1% | 58 | 0.2% | -65.5% | 234 | 0.1% | 286 | 0.1% | -18.2% |
| SAMCO | 17 | 0.1% | 37 | 0.1% | -54.1% | 184 | 0.1% | 201 | 0.1% | -8.5% |
| VEAM | 16 | 0.1% | 28 | 0.1% | -42.9% | 182 | 0.1% | 467 | 0.1% | -61.0% |
| Daewoo Bus | 16 | 0.1% | 0 | 0.0% | -% | 182 | 0.1% | 38 | 0.0% | 378.9% |
| VAMA Total | 23,458 | 92.5% | 31,623 | 86.5% | -25.8% | 213,588 | 90.8% | 296,574 | 89.1% | -28.0% |
| Total (Incl. non-VAMA member import) |
25,369 | 100.0% | 36,560 | 100.0% | -30.6% | 235,296 | 100.0% | 332,963 | 100.0% | -29.3% |
* exclude bus chassis
Flash report, September 2023
Oct 13, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on October 12, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 24.2% year-over-year to 25,375 units in September. CKD volume was 16,592 units and CBU volume was 8,783 units. VAMA members (20 manufactures) sales in September were down 16.6% y/y to 23,993 units.
VAMA members passenger car sales were down 14.1%, commercial vehicles were down 23.7% and special purpose vehicles were down 62.8%.
By brand sales in September based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 53.1% y/y to 4,118 units with a 16.2% market share. Thaco Kia was down 2.8% to 3,757 units with a 14.8% market share. Thaco Mazda was up 91.2% to 3,610 units with a 14.2% market share.
Ford was up 7.0% to 3,118 units with a 12.3% market share. Mitsubishi was down 26.5% to 2,863 units with a 11.3% market share. Honda was up 29.6% to 2,554 units with an 10.1% market share. Thaco Truck was down 29.8% to 1,260 units with a 5.0% market share.
Cumulative sales for the nine months of the year were down 29.2% y/y to 209,929 units.
According to TC Motor's representative, September 2023 is the end of Ngau month, so the demand for new car purchases has increased again, causing the company's sales to grow strongly. In the fourth quarter of 2023, the auto market is expected to have breakthrough growth in sales.
Sales volume by type of VAMA members *
| Sep. 2023 | Sep. 2022 | Y-o-Y | Jan. -Sep. 2023 | Jan. -Sep. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 19,051 | 22,183 | -14.1% | 144,489 | 211,048 | -31.5% |
| Commercial Vehicles | 4,872 | 6,386 | -23.7% | 44,785 | 51,013 | -12.2% |
| SPV | 70 | 188 | -62.8% | 856 | 2,890 | -70.4% |
| VAMA Total | 23,993 | 28,757 | -16.6% | 190,130 | 264,951 | -28.2% |
| Total (Incl. non-VAMA member import) |
25,375 | 33,463 | -24.2% | 209,929 | 296,403 | -29.2% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Sep. 2023 | Share | Sep. 2022 | Share | Y-o-Y | Jan. -Sep. 2023 | Share | Jan. -Sep. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 4,118 | 16.2% | 8,779 | 26.2% | -53.1% | 38,490 | 18.3% | 64,130 | 21.6% | -40.0% |
| Thaco Kia | 3,757 | 14.8% | 3,864 | 11.5% | -2.8% | 27,877 | 13.3% | 47,792 | 16.1% | -41.7% |
| Thaco Mazda | 3,610 | 14.2% | 1,888 | 5.6% | 91.2% | 23,866 | 11.4% | 26,558 | 9.0% | -10.1% |
| Ford | 3,118 | 12.3% | 2,914 | 8.7% | 7.0% | 26,484 | 12.6% | 15,518 | 5.2% | 70.7% |
| Mitsubishi | 2,863 | 11.3% | 3,896 | 11.6% | -26.5% | 21,646 | 10.3% | 30,296 | 10.2% | -28.6% |
| Honda | 2,554 | 10.1% | 1,970 | 5.9% | 29.6% | 15,070 | 7.2% | 25,143 | 8.5% | -40.1% |
| Thaco Truck | 1,260 | 5.0% | 1,795 | 5.4% | -29.8% | 11,151 | 5.3% | 16,941 | 5.7% | -34.2% |
| Suzuki | 903 | 3.6% | 1,041 | 3.1% | -13.3% | 10,848 | 5.2% | 12,111 | 4.1% | -10.4% |
| Isuzu* | 678 | 2.7% | 1,119 | 3.3% | -39.4% | 6,073 | 2.9% | 8,440 | 2.8% | -28.0% |
| Peugeot | 226 | 0.9% | 611 | 1.8% | -63.0% | 1,842 | 0.9% | 8,825 | 3.0% | -79.1% |
| Hino* | 221 | 0.9% | 470 | 1.4% | -53.0% | 1,725 | 0.8% | 4,255 | 1.4% | -59.5% |
| Lexus | 177 | 0.7% | 136 | 0.4% | 30.1% | 1,242 | 0.6% | 1,274 | 0.4% | -2.5% |
| Thaco BMW | 174 | 0.7% | 42 | 0.1% | 314.3% | 1,463 | 0.7% | 863 | 0.3% | 69.5% |
| Bus Thaco | 159 | 0.6% | 67 | 0.2% | 137.3% | 1,029 | 0.5% | 635 | 0.2% | 62.0% |
| Dothanh | 92 | 0.4% | 105 | 0.3% | -12.4% | 611 | 0.3% | 1,301 | 0.4% | -53.0% |
| SAMCO | 30 | 0.1% | 17 | 0.1% | 76.5% | 167 | 0.1% | 164 | 0.1% | 1.8% |
| VEAM | 24 | 0.1% | 31 | 0.1% | -22.6% | 166 | 0.1% | 439 | 0.1% | -62.2% |
| Vinamotor* | 15 | 0.1% | 12 | 0.0% | 25.0% | 214 | 0.1% | 228 | 0.1% | -6.1% |
| Daewoo Bus | 14 | 0.1% | 0 | 0.0% | -% | 166 | 0.1% | 38 | 0.0% | 336.8% |
| VAMA Total | 23,993 | 94.6% | 28,757 | 85.9% | -16.6% | 190,130 | 90.6% | 264,951 | 89.4% | -28.2% |
| Total (Incl. non-VAMA member import) |
25,375 | 100.0% | 33,463 | 100.0% | -24.2% | 209,929 | 100.0% | 296,403 | 100.0% | -29.2% |
* exclude bus chassis
Flash report, August 2023
Sep 13, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on September 12, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 26.9% year-over-year to 22,540 units in August. CKD volume was 13,118 units and CBU volume was 9,422 units. The decline in sales during August can be attributed primarily to the fact that half of the month falls during the lunnar Hungry Ghost Festival (Ngau month), during which people tend to avoid buying expensive items.
VAMA members (20 manufactures) sales in August were down 21.4% y/y to 20,643 units.
VAMA members passenger car sales were down 25.5%, commercial vehicles were down 1.7% and special purpose vehicles were down 58.3%.
By brand sales in August based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 41.5% y/y to 3,922 units with a 17.4% market share. Thaco Kia was down 24.9% to 3,309 units with a 14.7% market share. Thaco Mazda was down 1.9% to 3,032 units with a 13.5% market share.
Ford was up 112.5% to 2,795 units with a 12.4% market share. Mitsubishi was down 40.1% to 2,418 units with a 10.7% market share. Honda was down 4.3% to 1,431 units with an 6.3% market share. Thaco Truck was down 32.7% to 1,106 units with a 4.9% market share.
Cumulative sales for the eight months of the year were down 29.8% y/y to 184,554 units.
Sales volume by type of VAMA members *
| Aug. 2023 | Aug. 2022 | Y-o-Y | Jan. -Aug. 2023 | Jan. -Aug. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 15,949 | 21,405 | -25.5% | 125,438 | 188,865 | -33.6% |
| Commercial Vehicles | 4,631 | 4,711 | -1.7% | 39,913 | 44,627 | -10.6% |
| SPV | 63 | 151 | -58.3% | 786 | 2,702 | -70.9% |
| VAMA Total | 20,643 | 26,267 | -21.4% | 166,137 | 236,194 | -29.7% |
| Total (Incl. non-VAMA member import) |
22,540 | 30,846 | -26.9% | 184,554 | 262,939 | -29.8% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Aug. 2023 | Share | Aug. 2022 | Share | Y-o-Y | Jan. -Aug. 2023 | Share | Jan. -Aug. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 3,922 | 17.4% | 6,701 | 21.7% | -41.5% | 34,372 | 18.6% | 55,351 | 21.1% | -37.9% |
| Thaco Kia | 3,309 | 14.7% | 4,404 | 14.3% | -24.9% | 24,120 | 13.1% | 43,928 | 16.7% | -45.1% |
| Thaco Mazda | 3,032 | 13.5% | 3,090 | 10.0% | -1.9% | 20,256 | 11.0% | 24,670 | 9.4% | -17.9% |
| Ford | 2,795 | 12.4% | 1,315 | 4.3% | 112.5% | 23,366 | 12.7% | 12,604 | 4.8% | 85.4% |
| Mitsubishi | 2,418 | 10.7% | 4,039 | 13.1% | -40.1% | 18,783 | 10.2% | 26,400 | 10.0% | -28.9% |
| Honda | 1,431 | 6.3% | 1,495 | 4.8% | -4.3% | 12,516 | 6.8% | 23,173 | 8.8% | -46.0% |
| Thaco Truck | 1,106 | 4.9% | 1,644 | 5.3% | -32.7% | 9,891 | 5.4% | 15,146 | 5.8% | -34.7% |
| Suzuki | 894 | 4.0% | 864 | 2.8% | 3.5% | 9,945 | 5.4% | 11,070 | 4.2% | -10.2% |
| Isuzu* | 687 | 3.0% | 1,015 | 3.3% | -32.3% | 5,395 | 2.9% | 7,321 | 2.8% | -26.3% |
| Thaco BMW | 197 | 0.9% | 32 | 0.1% | 515.6% | 1,289 | 0.7% | 821 | 0.3% | 57.0% |
| Peugeot | 193 | 0.9% | 887 | 2.9% | -78.2% | 1,616 | 0.9% | 8,214 | 3.1% | -80.3% |
| Bus Thaco | 170 | 0.8% | 89 | 0.3% | 91.0% | 870 | 0.5% | 568 | 0.2% | 53.2% |
| Lexus | 160 | 0.7% | 95 | 0.3% | 68.4% | 1,065 | 0.6% | 1,138 | 0.4% | -6.4% |
| Hino* | 127 | 0.6% | 434 | 1.4% | -70.7% | 1,504 | 0.8% | 3,785 | 1.4% | -60.3% |
| Daewoo Bus | 80 | 0.4% | 17 | 0.1% | 370.6% | 152 | 0.1% | 38 | 0.0% | 300.0% |
| Dothanh | 64 | 0.3% | 85 | 0.3% | -24.7% | 519 | 0.3% | 1,196 | 0.5% | -56.6% |
| SAMCO | 24 | 0.1% | 27 | 0.1% | -11.1% | 137 | 0.1% | 147 | 0.1% | -6.8% |
| Vinamotor* | 17 | 0.1% | 15 | 0.0% | 13.3% | 199 | 0.1% | 216 | 0.1% | -7.9% |
| VEAM | 17 | 0.1% | 19 | 0.1% | -10.5% | 142 | 0.1% | 408 | 0.2% | -65.2% |
| VAMA Total | 20,643 | 91.6% | 26,267 | 85.2% | -21.4% | 166,137 | 90.0% | 236,194 | 89.8% | -29.7% |
| Total (Incl. non-VAMA member import) |
22,540 | 100.0% | 30,846 | 100.0% | -26.9% | 184,554 | 100.0% | 262,939 | 100.0% | -29.8% |
* exclude bus chassis
Flash report, July 2023
Aug 14, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam down 18.4% in July
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on August 14, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 18.4% year-on-year to 24,687 units in July. CKD volume was 13,575 units and CBU volume was 11,112 units.
VAMA members (20 manufactures) sales in July were down 6.5% y/y to 22,870 units.
VAMA members passenger car sales were down 3.4%, commercial vehicles were down 13.5% and special purpose vehicles were down 75.9%.
By brand sales in July based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 31.5% y/y to 3,813 units with a 15.4% market share. Thaco Kia was down 11.6% to 3,570 units with a 14.5% market share. Mitsubishi was down 17.1% to 3,518 units with a 14.3% market share.
Ford was up 97.9% to 3,150 units with a 12.8% market share. Thaco Mazda was up 47.5% to 3,135 units with a 12.7% market share. Honda was up 7.4% to 1,597 units with an 6.5% market share. Suzuki was up 23.8% to 1,281 units with a 5.2% market share.
Cumulative sales for the seven months of the year were down 30.2% y/y to 162,014 units.
The Vietnamese Government has implemented a 50% reduction in registration fees for locally produced and assembled cars, effective from July 1st and lasting until December 31, 2023.
| Jul. 2023 | Jul. 2022 | Y-o-Y | Jan. -Jul. 2023 | Jan. -Jul. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 17,682 | 18,308 | -3.4% | 109,489 | 167,460 | -34.6% |
| Commercial Vehicles | 5,137 | 5,941 | -13.5% | 35,284 | 39,916 | -11.6% |
| SPV | 51 | 212 | -75.9% | 723 | 2,551 | -71.7% |
| VAMA Total | 22,870 | 24,461 | -6.5% | 145,496 | 209,927 | -30.7% |
| Total (Incl. non-VAMA member import) |
24,687 | 30,254 | -18.4% | 162,014 | 232,093 | -30.2% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Jul. 2023 | Share | Jul. 2022 | Share | Y-o-Y | Jan. -Jul. 2023 | Share | Jan. -Jul. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 3,813 | 15.4% | 5,565 | 18.4% | -31.5% | 30,450 | 18.8% | 48,650 | 21.0% | -37.4% |
| Thaco Kia | 3,570 | 14.5% | 4,039 | 13.4% | -11.6% | 20,811 | 12.8% | 39,524 | 17.0% | -47.3% |
| Mitsubishi | 3,518 | 14.3% | 4,245 | 14.0% | -17.1% | 16,365 | 10.1% | 22,361 | 9.6% | -26.8% |
| Ford | 3,150 | 12.8% | 1,592 | 5.3% | 97.9% | 20,573 | 12.7% | 11,289 | 4.9% | 82.2% |
| Thaco Mazda | 3,135 | 12.7% | 2,125 | 7.0% | 47.5% | 17,224 | 10.6% | 21,580 | 9.3% | -20.2% |
| Honda | 1,597 | 6.5% | 1,487 | 4.9% | 7.4% | 11,085 | 6.8% | 21,678 | 9.3% | -48.9% |
| Suzuki | 1,281 | 5.2% | 1,035 | 3.4% | 23.8% | 9,051 | 5.6% | 10,206 | 4.4% | -11.3% |
| Thaco Truck | 1,166 | 4.7% | 1,655 | 5.5% | -29.5% | 8,785 | 5.4% | 13,502 | 5.8% | -34.9% |
| Isuzu* | 709 | 2.9% | 1,006 | 3.3% | -29.5% | 4,708 | 2.9% | 6,306 | 2.7% | -25.3% |
| Peugeot | 191 | 0.8% | 733 | 2.4% | -73.9% | 1,423 | 0.9% | 7,327 | 3.2% | -80.6% |
| Thaco BMW | 190 | 0.8% | 62 | 0.2% | 206.5% | 1,092 | 0.7% | 789 | 0.3% | 38.4% |
| Bus Thaco | 176 | 0.7% | 107 | 0.4% | 64.5% | 700 | 0.4% | 479 | 0.2% | 46.1% |
| Lexus | 122 | 0.5% | 142 | 0.5% | -14.1% | 905 | 0.6% | 1,043 | 0.4% | -13.2% |
| Hino* | 107 | 0.4% | 489 | 1.6% | -78.1% | 1,377 | 0.8% | 3,351 | 1.4% | -58.9% |
| Dothanh | 71 | 0.3% | 95 | 0.3% | -25.3% | 455 | 0.3% | 1,111 | 0.5% | -59.0% |
| SAMCO | 23 | 0.1% | 18 | 0.1% | 27.8% | 113 | 0.1% | 120 | 0.1% | -5.8% |
| Vinamotor* | 20 | 0.1% | 18 | 0.1% | 11.1% | 182 | 0.1% | 201 | 0.1% | -9.5% |
| VEAM | 18 | 0.1% | 42 | 0.1% | -57.1% | 125 | 0.1% | 389 | 0.2% | -67.9% |
| Daewoo Bus | 13 | 0.1% | 6 | 0.0% | 116.7% | 72 | 0.0% | 21 | 0.0% | 242.9% |
| VAMA Total | 22,870 | 92.6% | 24,461 | 80.9% | -6.5% | 145,496 | 89.8% | 209,927 | 90.4% | -30.7% |
| Total (Incl. non-VAMA member import) |
24,687 | 100.0% | 30,254 | 100.0% | -18.4% | 162,014 | 100.0% | 232,093 | 100.0% | -30.2% |
* exclude bus chassis
Flash report, June 2023
Jul 12, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam down 5.4% in June
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on July 12, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 5.4% year-on-year to 23,800 units in June. CKD volume was 15,488 units and CBU volume was 8,312 units.
VAMA members (20 manufactures) sales in June were down 0.8% y/y to 21,893 units.
VAMA members passenger car sales were up 3.0%, commercial vehicles were down 7.8% and special purpose vehicles were down 79.0%.
By brand sales in June based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 1.7% y/y to 5,090 units with a 21.4% market share. Thaco Kia was down 6.5% to 3,290 units with a 13.8% market share. Ford was up 53.4% to 3,121 units with an 13.1% market share. Thaco Mazda was up 42.4% to 2,750 units with a 11.6% market share. Mitsubishi was down 0.8% to 2,264 units with a 9.5% market share. Honda was down 16.6% to 1,419 units with an 6.0% market share. Suzuki was down 15.4% to 1,054 units with an 4.4% market share.
Cumulative sales for the six months of the year down 32.0% y/y to 137,327 units.
According to local media, Vietnam Government has decided to implement a 50% cut in registration fees for the locally produced and assembled cars, starting from July 1 to December 31, 2023.
| Jun. 2023 | Jun. 2022 | Y-o-Y | Jan. -Jun. 2023 | Jan. -Jun. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars |
16,572
|
16,083
|
3.0%
|
91,807
|
149,152
|
-38.4%
|
| Commercial Vehicles |
5,263
|
5,708
|
-7.8%
|
30,147
|
33,975
|
-11.3%
|
| SPV |
58
|
276
|
-79.0%
|
672
|
2,339
|
-71.3%
|
| VAMA Total |
21,893
|
22,067
|
-0.8%
|
122,626
|
185,466
|
-33.9%
|
| Total (Incl. non-VAMA member import) |
23,800
|
25,159
|
-5.4%
|
137,327
|
201,839
|
-32.0%
|
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Jun. 2023 | Share | Jun. 2022 | Share | Y-o-Y | Jan. -Jun. 2023 | Share | Jan. -Jun. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota |
5,090
|
21.4%
|
5,179
|
20.6%
|
-1.7%
|
26,637
|
19.4%
|
43,085
|
21.3%
|
-38.2%
|
| Thaco Kia |
3,290
|
13.8%
|
3,517
|
14.0%
|
-6.5%
|
17,241
|
12.6%
|
35,485
|
17.6%
|
-51.4%
|
| Ford |
3,121
|
13.1%
|
2,034
|
8.1%
|
53.4%
|
17,423
|
12.7%
|
9,697
|
4.8%
|
79.7%
|
| Thaco Mazda |
2,750
|
11.6%
|
1,931
|
7.7%
|
42.4%
|
14,089
|
10.3%
|
19,455
|
9.6%
|
-27.6%
|
| Mitsubishi |
2,264
|
9.5%
|
2,283
|
9.1%
|
-0.8%
|
12,847
|
9.4%
|
18,116
|
9.0%
|
-29.1%
|
| Honda |
1,419
|
6.0%
|
1,702
|
6.8%
|
-16.6%
|
9,488
|
6.9%
|
20,191
|
10.0%
|
-53.0%
|
| Suzuki |
1,054
|
4.4%
|
1,246
|
5.0%
|
-15.4%
|
7,770
|
5.7%
|
9,171
|
4.5%
|
-15.3%
|
| Thaco Truck |
1,050
|
4.4%
|
1,757
|
7.0%
|
-40.2%
|
7,619
|
5.5%
|
11,847
|
5.9%
|
-35.7%
|
| Isuzu* |
736
|
3.1%
|
619
|
2.5%
|
18.9%
|
3,999
|
2.9%
|
5,300
|
2.6%
|
-24.5%
|
| Hino* |
360
|
1.5%
|
606
|
2.4%
|
-40.6%
|
1,270
|
0.9%
|
2,862
|
1.4%
|
-55.6%
|
| Peugeot |
185
|
0.8%
|
698
|
2.8%
|
-73.5%
|
1,232
|
0.9%
|
6,594
|
3.3%
|
-81.3%
|
| Thaco BMW |
158
|
0.7%
|
80
|
0.3%
|
97.5%
|
902
|
0.7%
|
727
|
0.4%
|
24.1%
|
| Lexus |
138
|
0.6%
|
143
|
0.6%
|
-3.5%
|
783
|
0.6%
|
901
|
0.4%
|
-13.1%
|
| Bus Thaco |
118
|
0.5%
|
83
|
0.3%
|
42.2%
|
524
|
0.4%
|
372
|
0.2%
|
40.9%
|
| Dothanh |
93
|
0.4%
|
115
|
0.5%
|
-19.1%
|
384
|
0.3%
|
1,016
|
0.5%
|
-62.2%
|
| Daewoo Bus |
25
|
0.1%
|
5
|
0.0%
|
400.0%
|
59
|
0.0%
|
15
|
0.0%
|
293.3%
|
| Vinamotor* |
23
|
0.1%
|
15
|
0.1%
|
53.3%
|
162
|
0.1%
|
183
|
0.1%
|
-11.5%
|
| VEAM |
10
|
0.0%
|
51
|
0.2%
|
-80.4%
|
107
|
0.1%
|
347
|
0.2%
|
-69.2%
|
| SAMCO |
9
|
0.0%
|
3
|
0.0%
|
200.0%
|
90
|
0.1%
|
102
|
0.1%
|
-11.8%
|
| VAMA Total |
21,893
|
92.0%
|
22,067
|
87.7%
|
-0.8%
|
122,626
|
89.3%
|
185,466
|
91.9%
|
-33.9%
|
| Total (Incl. non-VAMA member import) |
23,800
|
100.0%
|
25,159
|
100.0%
|
-5.4%
|
137,327
|
100.0%
|
201,839
|
100.0%
|
-32.0%
|
* exclude bus chassis
Flash report, May 2023
Jun 14, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam down 52.7% in May
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on June 13, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 52.7% year-on-year to 20,726 units in May. CKD volume was 12,079 units and CBU volume was 8,647 units.
VAMA members (20 manufactures) sales in May were down 51.2% y/y to 19,266 units.
VAMA members passenger car sales were down 57.6%, commercial vehicles were down 14.8% and special purpose vehicles were down 84.4%.
By brand sales in May based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 64.7% y/y to 3,734 units with a 18.0% market share. Thaco Kia was down 66.6% to 2,695 units with a 13.0% market share. Ford was down 3.1% to 2,336 units with an 11.3% market share. Thaco Mazda was down 47.4% to 2,311 units with a 11.2% market share. Mitsubishi was down 45.0% to 1,803 units with a 8.7% market share. Suzuki was down 1.5% to 1,769 units with an 8.5% market share. Honda was down 44.8% to 1,757 units with an 8.7% market share.
Cumulative sales for the five months of the year down 35.7% y/y to 113,527 units.
According to industry experts, due to economic difficulties, businesses and consumers tightened spending, causing the market to decrease.
The Government Office of Vietnam revealed that a 50% cut in registration fees is set to be approved for the locally produced and assembled cars, starting from July 1 to December 31, 2023.
The Vietnamese Deputy Prime Minister has asked the Minister of Finance (MoF) and the Minister of Justice to finish the groundwork for this 50% reduction. The two ministries were told to submit a final plan for review by June 15.
| May 2023 | May 2022 | Y-o-Y | Jan. -May 2023 | Jan. -May 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 13,938 | 32,873 | -57.6% | 75,235 | 133,069 | -43.5% |
| Commercial Vehicles | 5,262 | 6,174 | -14.8% | 24,884 | 28,267 | -12.0% |
| SPV | 66 | 422 | -84.4% | 614 | 2,063 | -70.2% |
| VAMA Total | 19,266 | 39,469 | -51.2% | 100,733 | 163,399 | -38.4% |
| Total (Incl. non-VAMA member import) |
20,726 | 43,816 | -52.7% | 113,527 | 176,680 | -35.7% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | May 2023 | Share | May 2022 | Share | Y-o-Y | Jan. -May 2023 | Share | Jan. -May 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 3,734 | 18.0% | 10,579 | 24.1% | -64.7% | 21,547 | 19.0% | 37,906 | 21.5% | -43.2% |
| Thaco Kia | 2,695 | 13.0% | 8,079 | 18.4% | -66.6% | 13,951 | 12.3% | 31,968 | 18.1% | -56.4% |
| Ford | 2,336 | 11.3% | 2,410 | 5.5% | -3.1% | 14,302 | 12.6% | 7,663 | 4.3% | 86.6% |
| Thaco Mazda | 2,311 | 11.2% | 4,396 | 10.0% | -47.4% | 11,339 | 10.0% | 17,524 | 9.9% | -35.3% |
| Mitsubishi | 1,803 | 8.7% | 3,279 | 7.5% | -45.0% | 10,583 | 9.3% | 15,833 | 9.0% | -33.2% |
| Suzuki | 1,769 | 8.5% | 1,796 | 4.1% | -1.5% | 6,716 | 5.9% | 7,925 | 4.5% | -15.3% |
| Honda | 1,757 | 8.5% | 3,184 | 7.3% | -44.8% | 8,069 | 7.1% | 18,489 | 10.5% | -56.4% |
| Thaco Truck | 1,213 | 5.9% | 1,890 | 4.3% | -35.8% | 6,569 | 5.8% | 10,090 | 5.7% | -34.9% |
| Isuzu* | 780 | 3.8% | 987 | 2.3% | -21.0% | 3,263 | 2.9% | 4,681 | 2.6% | -30.3% |
| Peugeot | 170 | 0.8% | 1,627 | 3.7% | -89.6% | 1,047 | 0.9% | 5,896 | 3.3% | -82.2% |
| Lexus | 168 | 0.8% | 133 | 0.3% | 26.3% | 645 | 0.6% | 758 | 0.4% | -14.9% |
| Thaco BMW | 131 | 0.6% | 105 | 0.2% | 24.8% | 744 | 0.7% | 647 | 0.4% | 15.0% |
| Hino* | 129 | 0.6% | 572 | 1.3% | -77.4% | 910 | 0.8% | 2,256 | 1.3% | -59.7% |
| Bus Thaco | 109 | 0.5% | 122 | 0.3% | -10.7% | 406 | 0.4% | 289 | 0.2% | 40.5% |
| Dothanh | 91 | 0.4% | 182 | 0.4% | -50.0% | 291 | 0.3% | 901 | 0.5% | -67.7% |
| Vinamotor* | 25 | 0.1% | 42 | 0.1% | -40.5% | 139 | 0.1% | 168 | 0.1% | -17.3% |
| SAMCO | 21 | 0.1% | 26 | 0.1% | -19.2% | 81 | 0.1% | 99 | 0.1% | -18.2% |
| VEAM | 17 | 0.1% | 57 | 0.1% | -70.2% | 97 | 0.1% | 296 | 0.2% | -67.2% |
| Daewoo Bus | 7 | 0.0% | 3 | 0.0% | 133.3% | 34 | 0.0% | 10 | 0.0% | 240.0% |
| VAMA Total | 19,266 | 93.0% | 39,469 | 90.1% | -51.2% | 100,733 | 88.7% | 163,399 | 92.5% | -38.4% |
| Total (Incl. non-VAMA member import) |
20,726 | 100.0% | 43,816 | 100.0% | -52.7% | 113,527 | 100.0% | 176,680 | 100.0% | -35.7% |
* exclude bus chassis
Flash report, April 2023
May 12, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam down 47.1% in April
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on May 12, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 47.1% year on year to 22,409 units in April. CKD volume was 13,325 units and CBU volume was 9,084units.
VAMA members (20 manufactures) sales in April were down 45.8% y/y to 20,667 units.
VAMA members passenger car sales were down 53.6%, commercial vehicles were down 1.7% and special purpose vehicles were down 72.6%.
By brand sales in April based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 51.2% y/y to 4,247 units with a 19.0% market share. Ford was up 70.6% to 3,298 units with an 14.7% market share. Thaco Kia was down 62.6% to 2,656 units with a 11.9% market share. Thaco Mazda was down 46.2% to 2,183 units with a 9.7% market share. Honda was down 68.1% to 1,944 units with a 8.7% market share. Mitsubishi was down 53.0% to 1,700 units with a 7.6% market share. Thaco Truck was down 31.2% to 1,562 units with an 7.0% market share.
Cumulative sales for the four months of the year down 30.2% y/y to 92,801 units.
High interest rates and tightning credit review are making the borrowing more difficult for consumers for car purchases.
| Apr. 2023 | Apr. 2022 | Y-o-Y | Jan. -Apr. 2023 | Jan. -Apr. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 14,719 | 31,739 | -53.6% | 61,297 | 100,196 | -38.8% |
| Commercial Vehicles | 5,818 | 5,921 | -1.7% | 19,622 | 22,093 | -11.2% |
| SPV | 130 | 474 | -72.6% | 548 | 1,641 | -66.6% |
| VAMA Total | 20,667 | 38,134 | -45.8% | 81,467 | 123,930 | -34.3% |
| Total (Incl. non-VAMA member import) |
22,409 | 42,359 | -47.1% | 92,801 | 132,864 | -30.2% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Apr. 2023 | Share | Apr. 2022 | Share | Y-o-Y | Jan. -Apr. 2023 | Share | Jan. -Apr. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 4,247 | 19.0% | 8,694 | 20.5% | -51.2% | 17,813 | 19.2% | 27,327 | 20.6% | -34.8% |
| Ford | 3,298 | 14.7% | 1,933 | 4.6% | 70.6% | 11,966 | 12.9% | 5,253 | 4.0% | 127.8% |
| Thaco Kia | 2,656 | 11.9% | 7,094 | 16.7% | -62.6% | 11,256 | 12.1% | 23,889 | 18.0% | -52.9% |
| Thaco Mazda | 2,183 | 9.7% | 4,055 | 9.6% | -46.2% | 9,028 | 9.7% | 13,128 | 9.9% | -31.2% |
| Honda | 1,944 | 8.7% | 6,100 | 14.4% | -68.1% | 6,312 | 6.8% | 15,305 | 11.5% | -58.8% |
| Mitsubishi | 1,700 | 7.6% | 3,616 | 8.5% | -53.0% | 8,780 | 9.5% | 12,554 | 9.4% | -30.1% |
| Thaco Truck | 1,562 | 7.0% | 2,270 | 5.4% | -31.2% | 5,356 | 5.8% | 8,200 | 6.2% | -34.7% |
| Suzuki | 1,374 | 6.1% | 1,111 | 2.6% | 23.7% | 4,947 | 5.3% | 6,129 | 4.6% | -19.3% |
| Isuzu* | 803 | 3.6% | 980 | 2.3% | -18.1% | 2,483 | 2.7% | 3,694 | 2.8% | -32.8% |
| Peugeot | 170 | 0.8% | 1,085 | 2.6% | -84.3% | 877 | 0.9% | 4,269 | 3.2% | -79.5% |
| Lexus | 168 | 0.7% | 231 | 0.5% | -27.3% | 477 | 0.5% | 625 | 0.5% | -23.7% |
| Hino* | 159 | 0.7% | 411 | 1.0% | -61.3% | 781 | 0.8% | 1,684 | 1.3% | -53.6% |
| Thaco BMW | 157 | 0.7% | 118 | 0.3% | 33.1% | 613 | 0.7% | 542 | 0.4% | 13.1% |
| Bus Thaco | 100 | 0.4% | 65 | 0.2% | 53.8% | 297 | 0.3% | 167 | 0.1% | 77.8% |
| Dothanh | 67 | 0.3% | 235 | 0.6% | -71.5% | 200 | 0.2% | 719 | 0.5% | -72.2% |
| Vinamotor* | 27 | 0.1% | 35 | 0.1% | -22.9% | 114 | 0.1% | 126 | 0.1% | -9.5% |
| SAMCO | 25 | 0.1% | 15 | 0.0% | 66.7% | 60 | 0.1% | 73 | 0.1% | -17.8% |
| VEAM | 23 | 0.1% | 86 | 0.2% | -73.3% | 80 | 0.1% | 239 | 0.2% | -66.5% |
| Daewoo Bus | 4 | 0.0% | - | -% | -% | 27 | 0.0% | 7 | 0.0% | 285.7% |
| VAMA Total | 20,667 | 92.2% | 38,134 | 90.0% | -45.8% | 81,467 | 87.8% | 123,930 | 93.3% | -34.3% |
| Total (Incl. non-VAMA member import) |
22,409 | 100.0% | 42,359 | 100.0% | -47.1% | 92,801 | 100.0% | 132,864 | 100.0% | -30.2% |
* exclude bus chassis
Flash report, March 2023
Apr 14, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam down 18.7% in March
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on April 13, automobile sales (including imported vehicles of nonVAMA manufactures' sales) in Vietnam were down 18.7% year on year to 30,038 units in March. CKD volume was 16,174 units and CBU volume was 13,864 units.
VAMA members (20 manufactures) sales in March were down 25.0% y/y to 26,266 units.
VAMA members passenger car sales were down 27.3%, commercial vehicles were down 12.6% and special purpose vehicles were down 68.1%.
By brand sales in March based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 29.1% y/y to 5,656 units with a 18.8% market share. Thaco Kia was down 39.1% to 3,800 units with a 12.7% market share. Ford was up 108.5% to 3,676 units with an 12.2% market share. Mitsubishi was down 0.5% to 3,656 units with a 12.2% market share. Thaco Mazda was down 19.4% to 2,680 units with a 8.9% market share. Thaco Truck was down 30.2% to 1,713 units with an 5.7% market share. Suzuki was down 32.9% to 1,618 units with a 5.4% market share.
Cumulative sales for the three months of the year down 22.2% y/y to 70,392 units.
VAMA explained credit tightening and rising interest rate resulted in diminished market demand and requested the government to take a countermeasure.
The Ministry of Finance rejected a proposal to reduce registration fees by 50% for domestically assembled cars.
According to experts in the industry, the difficulties of the domestic and foreign economies make the auto market forecast to face many difficulties.
| Mar. 2023 | Mar. 2022 | Y-o-Y | Jan. -Mar. 2023 | Jan. -Mar. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 19,727 | 27,140 | -27.3% | 46,578 | 68,457 | -32.0% |
| Commercial Vehicles | 6,340 | 7,257 | -12.6% | 13,804 | 16,172 | -14.6% |
| SPV | 199 | 624 | -68.1% | 418 | 1,167 | -64.2% |
| VAMA Total | 26,266 | 35,021 | -25.0% | 60,800 | 85,796 | -29.1% |
| Total (Incl. non-VAMA member import) |
30,038 | 36,962 | -18.7% | 70,392 | 90,505 | -22.2% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Mar. 2023 | Share | Mar. 2022 | Share | Y-o-Y | Jan. -Mar. 2023 | Share | Jan. -Mar. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 5,656 | 18.8% | 7,977 | 21.6% | -29.1% | 13,566 | 19.3% | 18,633 | 20.6% | -27.2% |
| Thaco Kia | 3,800 | 12.7% | 6,238 | 16.9% | -39.1% | 8,600 | 12.2% | 16,795 | 18.6% | -48.8% |
| Ford | 3,676 | 12.2% | 1,763 | 4.8% | 108.5% | 8,668 | 12.3% | 3,320 | 3.7% | 161.1% |
| Mitsubishi | 3,656 | 12.2% | 3,675 | 9.9% | -0.5% | 7,080 | 10.1% | 8,938 | 9.9% | -20.8% |
| Thaco Mazda | 2,680 | 8.9% | 3,326 | 9.0% | -19.4% | 6,845 | 9.7% | 9,073 | 10.0% | -24.6% |
| Thaco Truck | 1,713 | 5.7% | 2,455 | 6.6% | -30.2% | 3,794 | 5.4% | 5,930 | 6.6% | -36.0% |
| Suzuki | 1,618 | 5.4% | 2,413 | 6.5% | -32.9% | 3,573 | 5.1% | 5,018 | 5.5% | -28.8% |
| Honda | 1,489 | 5.0% | 3,604 | 9.8% | -58.7% | 4,368 | 6.2% | 9,205 | 10.2% | -52.5% |
| Isuzu* | 854 | 2.8% | 1,367 | 3.7% | -37.5% | 1,680 | 2.4% | 2,714 | 3.0% | -38.1% |
| Hino* | 292 | 1.0% | 503 | 1.4% | -41.9% | 622 | 0.9% | 1,273 | 1.4% | -51.1% |
| Peugeot | 250 | 0.8% | 1,121 | 3.0% | -77.7% | 707 | 1.0% | 3,184 | 3.5% | -77.8% |
| Lexus | 192 | 0.6% | 120 | 0.3% | 60.0% | 309 | 0.4% | 394 | 0.4% | -21.6% |
| Thaco BMW | 135 | 0.4% | 120 | 0.3% | 12.5% | 456 | 0.6% | 424 | 0.5% | 7.5% |
| Bus Thaco | 117 | 0.4% | 35 | 0.1% | 234.3% | 197 | 0.3% | 102 | 0.1% | 93.1% |
| Dothanh | 38 | 0.1% | 176 | 0.5% | -78.4% | 133 | 0.2% | 484 | 0.5% | -72.5% |
| VEAM | 29 | 0.1% | 74 | 0.2% | -60.8% | 57 | 0.1% | 153 | 0.2% | -62.7% |
| SAMCO | 28 | 0.1% | 20 | 0.1% | 40.0% | 35 | 0.0% | 58 | 0.1% | -39.7% |
| Vinamotor* | 26 | 0.1% | 34 | 0.1% | -23.5% | 87 | 0.1% | 91 | 0.1% | -4.4% |
| Daewoo Bus | 17 | 0.1% | - | -% | -% | 23 | 0.0% | 7 | 0.0% | 228.6% |
| VAMA Total | 26,266 | 87.4% | 35,021 | 94.7% | -25.0% | 60,800 | 86.4% | 85,796 | 94.8% | -29.1% |
| Total (Incl. non-VAMA member import) |
30,038 | 100.0% | 36,962 | 100.0% | -18.7% | 70,392 | 100.0% | 90,505 | 100.0% | -22.2% |
* exclude bus chassis
Flash report, February 2023
Mar 17, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam up 1.0% in February
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on March 17, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 1.0% year on year to 23,040 units in February. CKD volume was 12,432 units and CBU volume was 10,608 units.
VAMA members (20 manufactures) sales in February were down 2.7% y/y to 20,536 units.
VAMA members passenger car sales were down 6.7%, commercial vehicles were up 20.6% and special purpose vehicles were down 59.7%.
By brand sales in February based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 14.0% y/y to 4,887 units with a 21.2% market share. Thaco Kia was down 46.7% to 2,725 units with a 11.8% market share. Ford was up 392.9% to 2,632 units with an 11.4% market share. Thaco Mazda was up 0.7% to 2,486 units with a 10.8% market share. Mitsubishi was up 35.5% to 2,279 units with a 9.9% market share. Thaco Truck was down 29.4% to 1,570 units with an 6.8% market share. Honda was down 24.3% to 1,385 units with a 6.0% market share.
According to an expert, the difficulties of the automobile market at this time do not come from the internal industry, but from many objective factors. First of all, the holiday season came early and lasted, while purchasing power was released at the end of last year, leading to low shopping demand at this time. Along with that, high interest rates while the financial support channel from banks is increasingly limited, making it difficult for consumers to manage money for car purchases.
Cumulative sales for the two months of the year down 24.6% y/y to 40,354 units.
Sales volume by type of VAMA members *
| Feb. 2023 | Feb. 2022 | Y-o-Y | Jan. -Feb. 2023 | Jan. -Feb. 2022 | Y-o-Y | |
|---|---|---|---|---|---|---|
| Passenger Cars | 15,681 | 16,807 | -6.7% | 26,851 | 41,317 | -35.0% |
| Commercial Vehicles | 4,692 | 3,889 | 20.6% | 7,464 | 8,915 | -16.3% |
| SPV | 163 | 404 | -59.7% | 219 | 543 | -59.7% |
| VAMA Total | 20,536 | 21,100 | -2.7% | 34,534 | 50,775 | -32.0% |
| Total (Incl. non-VAMA member import) |
23,040 | 22,802 | 1.0% | 40,354 | 53,543 | -24.6% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Feb. 2023 | Share | Feb. 2022 | Share | Y-o-Y | Jan. -Feb. 2023 | Share | Jan. -Feb. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|---|---|---|---|---|
| Toyota | 4,887 | 21.2% | 4,288 | 18.8% | 14.0% | 7,910 | 19.6% | 10,656 | 19.9% | -25.8% |
| Thaco Kia | 2,725 | 11.8% | 5,112 | 22.4% | -46.7% | 4,800 | 11.9% | 10,557 | 19.7% | -54.5% |
| Ford | 2,632 | 11.4% | 534 | 2.3% | 392.9% | 4,992 | 12.4% | 1,557 | 2.9% | 220.6% |
| Thaco Mazda | 2,486 | 10.8% | 2,468 | 10.8% | 0.7% | 4,165 | 10.3% | 5,747 | 10.7% | -27.5% |
| Mitsubishi | 2,279 | 9.9% | 1,682 | 7.4% | 35.5% | 3,424 | 8.5% | 5,263 | 9.8% | -34.9% |
| Thaco Truck | 1,570 | 6.8% | 2,225 | 9.8% | -29.4% | 2,081 | 5.2% | 3,475 | 6.5% | -40.1% |
| Honda | 1,385 | 6.0% | 1,830 | 8.0% | -24.3% | 2,879 | 7.1% | 5,601 | 10.5% | -48.6% |
| Suzuki | 1,100 | 4.8% | 817 | 3.6% | 34.6% | 1,955 | 4.8% | 2,605 | 4.9% | -25.0% |
| Isuzu* | 633 | 2.7% | 544 | 2.4% | 16.4% | 826 | 2.0% | 1,347 | 2.5% | -38.7% |
| Peugeot | 237 | 1.0% | 889 | 3.9% | -73.3% | 457 | 1.1% | 2,063 | 3.9% | -77.8% |
| Hino* | 218 | 0.9% | 316 | 1.4% | -31.0% | 330 | 0.8% | 770 | 1.4% | -57.1% |
| Thaco BMW | 129 | 0.6% | 101 | 0.4% | 27.7% | 321 | 0.8% | 304 | 0.6% | 5.6% |
| Lexus | 106 | 0.5% | 60 | 0.3% | 76.7% | 117 | 0.3% | 274 | 0.5% | -57.3% |
| Bus Thaco | 61 | 0.3% | 42 | 0.2% | 45.2% | 80 | 0.2% | 67 | 0.1% | 19.4% |
| Vinamotor* | 32 | 0.1% | 22 | 0.1% | 45.5% | 61 | 0.2% | 57 | 0.1% | 7.0% |
| Dothanh | 25 | 0.1% | 118 | 0.5% | -78.8% | 95 | 0.2% | 308 | 0.6% | -69.2% |
| VEAM | 22 | 0.1% | 44 | 0.2% | -50.0% | 28 | 0.1% | 79 | 0.1% | -64.6% |
| Daewoo Bus | 5 | 0.0% | 7 | 0.0% | -28.6% | 6 | 0.0% | 7 | 0.0% | -14.3% |
| SAMCO | 4 | 0.0% | 1 | 0.0% | 300.0% | 7 | 0.0% | 38 | 0.1% | -81.6% |
| VAMA Total | 20,536 | 89.1% | 21,100 | 92.5% | -2.7% | 34,534 | 85.6% | 50,775 | 94.8% | -32.0% |
| Total (Incl. non-VAMA member import) |
23,040 | 100.0% | 22,802 | 100.0% | 1.0% | 40,354 | 100.0% | 53,543 | 100.0% | -24.6% |
* exclude bus chassis
Flash report, January 2023
Feb 13, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Auto sales in Vietnam down 43.7% in January
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on February 10, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 43.7% year on year to 17,314 units in January. CKD volume was 8,086 units and CBU volume was 9,228 units.
VAMA members (20 manufactures) sales in January were down 52.8% y/y to 13,998 units.
VAMA members passenger car sales were down 54.4%, commercial vehicles were down 44.8% and special purpose vehicles were down 59.7%.
By brand sales in January based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 52.5% y/y to 3,023 units with a 17.5% market share. Ford was up 130.7% to 2,360 units with an 13.6% market share. Thaco Kia was down 61.9% to 2,075 units with a 12.0% market share. Thaco Mazda was down 48.8% to 1,679 units with a 9.7% market share. Honda was down 60.4% to 1,494 units with a 8.6% market share. Mitsubishi was down 68.0% to 1,145 units with a 6.6% market share. Suzuki was down 52.2% to 855 units with an 4.9% market share.
Sales volume by type of VAMA members *
| Jan. 2023 | Jan. 2022 | Y-o-Y | |
|---|---|---|---|
| Passenger Cars | 11,170 | 24,510 | -54.4% |
| Commercial Vehicles | 2,772 | 5,026 | -44.8% |
| SPV | 56 | 139 | -59.7% |
| VAMA Total | 13,998 | 29,675 | -52.8% |
| Total (Incl. non-VAMA member import) |
17,314 | 30,742 | -43.7% |
* exclude bus chassis
Vietnam - Sales of locally assembled vehicles
| Make | Jan. 2023 | Share | Jan. 2022 | Share | Y-o-Y |
|---|---|---|---|---|---|
| Toyota | 3,023 | 17.5% | 6,368 | 20.7% | -52.5% |
| Ford | 2,360 | 13.6% | 1,023 | 3.3% | 130.7% |
| Thaco Kia | 2,075 | 12.0% | 5,445 | 17.7% | -61.9% |
| Thaco Mazda | 1,679 | 9.7% | 3,279 | 10.7% | -48.8% |
| Honda | 1,494 | 8.6% | 3,771 | 12.3% | -60.4% |
| Mitsubishi | 1,145 | 6.6% | 3,581 | 11.6% | -68.0% |
| Suzuki | 855 | 4.9% | 1,788 | 5.8% | -52.2% |
| Thaco Truck | 511 | 3.0% | 1,250 | 4.1% | -59.1% |
| Peugeot | 220 | 1.3% | 1,174 | 3.8% | -81.3% |
| Isuzu* | 193 | 1.1% | 803 | 2.6% | -76.0% |
| Thaco BMW | 192 | 1.1% | 203 | 0.7% | -5.4% |
| Hino* | 112 | 0.6% | 454 | 1.5% | -75.3% |
| Dothanh | 70 | 0.4% | 190 | 0.6% | -63.2% |
| Vinamotor* | 29 | 0.2% | 35 | 0.1% | -17.1% |
| Bus Thaco | 19 | 0.1% | 25 | 0.1% | -24.0% |
| Lexus | 11 | 0.1% | 214 | 0.7% | -94.9% |
| VEAM | 6 | 0.0% | 35 | 0.1% | -82.9% |
| SAMCO | 3 | 0.0% | 37 | 0.1% | -91.9% |
| Daewoo Bus | 1 | 0.0% | - | -% | -% |
| VAMA Total | 13,998 | 80.8% | 29,675 | 96.5% | -52.8% |
| Total (Incl. non-VAMA member import) |
17,314 | 100.0% | 30,742 | 100.0% | -43.7% |
* exclude bus chassis