Vietnam - Automotive Sales volume, 2024

Flash report, December 2024

Jan 10, 2025

*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 December, full year 2024 up 12.6% to 340,142 units
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on January 10, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 18.4% year-on-year to 31,598 units in December. CKD volume was 12,862 units, and CBU volume was 18,736 units.
The December sales were down YoY due to the end of the 50% exemption of registration fees for domestically produced vehicles, which was implemented by the Vietnamese government from September 1 to November 30, 2024.
2024 annual sales were up 12.6% to 340,142 units. CKD volume was 172,730 units, and CBU volume was 167,412 units.
VAMA members (20 manufactures) sales in 2024 were up 7.1% to 295,979 units. VAMA members passenger car sales were up 2.6%, commercial vehicles were up 6.7%, and special purpose vehicles were up 0.7%.
By brand sales in 2024 based on MarkLines Data Center figures, Toyota (excluding Lexus) increased 16.0% to 66,576 units (19.6% market share). Ford was up 10.1% to 42,175 units (12.4% share). Mitsubishi sales up 33.4% to 41,198 units (12.1% share). Thaco Kia decreased 15.2% to 34,570 units (10.2% share). Thaco Mazda sales were down 8.5% to 32,601 units (9.6% share). Honda sales were up 18.8% to 28,267 units (8.3% share).

Sales volume by type of VAMA members *

	Dec. 2024	Dec. 2023	Y-o-Y	Jan. -Dec. 2024	Jan. -Dec. 2023	Y-o-Y
Passenger Cars	20,457	30,329	-32.5%	220,295	214,619	2.6%
Commercial Vehicles	5,377	5,962	-9.8%	64,782	60,729	6.7%
SPV	90	59	52.5%	1,036	1,029	0.7%
Hybrid	1,479	-	-%	9,866	-	-%
VAMA Total	27,403	36,350	-24.6%	295,979	276,377	7.1%
Total (Incl. non-VAMA member import)	31,598	38,740	-18.4%	340,142	301,989	12.6%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Dec. 2024	Share	Dec. 2023	Share	Y-o-Y	Jan. -Dec. 2024	Share	Jan. -Dec. 2023	Share	Y-o-Y
Toyota	8,642	27.3%	9,050	23.4%	-4.5%	66,576	19.6%	57,414	19.0%	16.0%
Ford	3,492	11.1%	4,854	12.5%	-28.1%	42,175	12.4%	38,322	12.7%	10.1%
Mitsubishi	3,808	12.1%	4,274	11.0%	-10.9%	41,198	12.1%	30,894	10.2%	33.4%
Thaco Kia	2,052	6.5%	4,738	12.2%	-56.7%	34,570	10.2%	40,773	13.5%	-15.2%
Thaco Mazda	2,846	9.0%	4,336	11.2%	-34.4%	32,601	9.6%	35,632	11.8%	-8.5%
Honda	2,374	7.5%	4,059	10.5%	-41.5%	28,267	8.3%	23,802	7.9%	18.8%
Thaco Truck	1,212	3.8%	1,092	2.8%	11.0%	15,996	4.7%	14,535	4.8%	10.1%
Isuzu*	851	2.7%	948	2.4%	-10.2%	10,522	3.1%	8,671	2.9%	21.3%
Suzuki	661	2.1%	1,115	2.9%	-40.7%	10,262	3.0%	13,317	4.4%	-22.9%
Peugeot	463	1.5%	553	1.4%	-16.3%	3,490	1.0%	3,038	1.0%	14.9%
Bus Thaco	188	0.6%	280	0.7%	-32.9%	2,255	0.7%	1,630	0.5%	38.3%
Dothanh	233	0.7%	121	0.3%	92.6%	2,189	0.6%	949	0.3%	130.7%
Thaco BMW	197	0.6%	237	0.6%	-16.9%	2,077	0.6%	2,110	0.7%	-1.6%
Lexus	216	0.7%	235	0.6%	-8.1%	1,552	0.5%	1,793	0.6%	-13.4%
Hino*	126	0.4%	367	0.9%	-65.7%	1,464	0.4%	2,555	0.8%	-42.7%
Vinamotor*	25	0.1%	27	0.1%	-7.4%	371	0.1%	285	0.1%	30.2%
SAMCO	11	0.0%	31	0.1%	-64.5%	297	0.1%	239	0.1%	24.3%
Daewoo Bus	6	0.0%	16	0.0%	-62.5%	117	0.0%	202	0.1%	-42.1%
VEAM	-	-%	17	0.0%	-%	-	-%	216	0.1%	-%
VAMA Total	27,403	86.7%	36,350	93.8%	-24.6%	295,979	87.0%	276,377	91.5%	7.1%
Total (Incl. non-VAMA member import)	31,598	100.0%	38,740	100.0%	-18.4%	340,142	100.0%	301,989	100.0%	12.6%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, November 2024

Dec 10, 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 58.1% in November
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on December 10, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 58.1% year-over-year to 44,200 units in November. CKD volume was 25,114 units and CBU volume was 19,086 units.
VAMA members (20 manufacturers) sales in November were up 49.8% y/y to 39,608 units. VAMA members passenger car sales were up 41.7%, commercial vehicles were up 59.4% and special purpose vehicles were up 150.0% and hybrid vehicles were 1,240 units.
By brand sales in November based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 49.1% y/y to 8,695 units with a 19.7% market share. Ford was up 42.6% to 5,593 units with a 12.7% market share. Thaco Kia was up 28.1% to 5,299 units with a 12.0% market share. Mitsubishi was up 100.9% to 5,056 units with an 11.4% market share. Honda was up 83.5% to 4,633 units with a 10.5% market share. Thaco Mazda was up 29.8% to 4,548 units with a 10.3% market share. Thaco Truck was up 73.1% to 1,940 units with a 4.4% market share.
Cumulative sales for the eleven months of the year were up 17.2% y/y to 308,544 units.
The Vietnamese government is offering a 50% reduction in registration fees for vehicles produced or assembled in the country for the three-month period from September 1 to November 30, 2024.

Sales volume by type of VAMA members *

	Nov. 2024	Nov. 2023	Y-o-Y	Jan. -Nov. 2024	Jan. -Nov. 2023	Y-o-Y
Passenger Cars	30,550	21,567	41.7%	199,913	184,290	8.5%
Commercial Vehicles	7,678	4,816	59.4%	59,405	54,767	8.5%
SPV	140	56	150.0%	946	970	-2.5%
Hybrid	1,240	-	-%	8,312	-	-%
VAMA Total	39,608	26,439	49.8%	268,576	240,027	11.9%
Total (Incl. non-VAMA member import)	44,200	27,953	58.1%	308,544	263,249	17.2%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Nov. 2024	Share	Nov. 2023	Share	Y-o-Y	Jan. -Nov. 2024	Share	Jan. -Nov. 2023	Share	Y-o-Y
Toyota	8,695	19.7%	5,833	20.9%	49.1%	57,934	18.8%	48,364	18.4%	19.8%
Ford	5,593	12.7%	3,922	14.0%	42.6%	38,683	12.5%	33,468	12.7%	15.6%
Thaco Kia	5,299	12.0%	4,138	14.8%	28.1%	32,518	10.5%	36,035	13.7%	-9.8%
Mitsubishi	5,056	11.4%	2,517	9.0%	100.9%	37,390	12.1%	26,620	10.1%	40.5%
Honda	4,633	10.5%	2,525	9.0%	83.5%	25,893	8.4%	19,743	7.5%	31.2%
Thaco Mazda	4,548	10.3%	3,505	12.5%	29.8%	29,755	9.6%	31,296	11.9%	-4.9%
Thaco Truck	1,940	4.4%	1,121	4.0%	73.1%	14,784	4.8%	13,443	5.1%	10.0%
Isuzu*	1,354	3.1%	833	3.0%	62.5%	9,671	3.1%	7,723	2.9%	25.2%
Suzuki	877	2.0%	674	2.4%	30.1%	9,601	3.1%	12,202	4.6%	-21.3%
Peugeot	494	1.1%	408	1.5%	21.1%	3,027	1.0%	2,485	0.9%	21.8%
Thaco BMW	306	0.7%	211	0.8%	45.0%	1,880	0.6%	1,873	0.7%	0.4%
Dothanh	232	0.5%	109	0.4%	112.8%	1,956	0.6%	828	0.3%	136.2%
Bus Thaco	193	0.4%	165	0.6%	17.0%	2,067	0.7%	1,350	0.5%	53.1%
Lexus	160	0.4%	161	0.6%	-0.6%	1,336	0.4%	1,558	0.6%	-14.2%
Hino*	123	0.3%	248	0.9%	-50.4%	1,338	0.4%	2,188	0.8%	-38.8%
SAMCO	48	0.1%	24	0.1%	100.0%	286	0.1%	208	0.1%	37.5%
Daewoo Bus	30	0.1%	4	0.0%	650.0%	111	0.0%	186	0.1%	-40.3%
Vinamotor*	27	0.1%	24	0.1%	12.5%	346	0.1%	258	0.1%	34.1%
VEAM	-	-%	17	0.1%	-%	-	-%	199	0.1%	-%
VAMA Total	39,608	89.6%	26,439	94.6%	49.8%	268,576	87.0%	240,027	91.2%	11.9%
Total (Incl. non-VAMA member import)	44,200	100.0%	27,953	100.0%	58.1%	308,544	100.0%	263,249	100.0%	17.2%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, October 2024

Nov 12, 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 52.8% in October
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on November 11, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 52.8% year-over-year to 38,761 units in October. CKD volume was 21,113 units and CBU volume was 17,648 units.
VAMA members (20 manufacturers) sales in October were up 49.7% y/y to 35,114 units. VAMA members passenger car sales were up 45.1%, commercial vehicles were up 38.0% and special purpose vehicles were up 91.4% and hybrid vehicles were 1,420 units.
By brand sales in October based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 116.2% y/y to 8,736 units with a 22.5% market share. Ford was up 65.0% to 5,052 units with a 13.0% market share. Mitsubishi was up 79.1% to 4,401 units with an 11.4% market share. Thaco Kia was up 6.2% to 4,271 units with an 11.0% market share. Thaco Mazda was up 0.2% to 3,933 units with a 10.1% market share. Honda was up 67.9% to 3,606 units with a 9.3% market share. Thaco Truck was up 40.9% to 1,650 units with a 4.3% market share.
Cumulative sales for the ten months of the year were up 12.3% y/y to 264,344 units.
The Vietnamese government is offering a 50% reduction in registration fees for vehicles produced or assembled in the country for the three-month period from September 1 to November 30, 2024.

Sales volume by type of VAMA members *

	Oct. 2024	Oct. 2023	Y-o-Y	Jan. -Oct. 2024	Jan. -Oct. 2023	Y-o-Y
Passenger Cars	26,453	18,234	45.1%	169,363	162,723	4.1%
Commercial Vehicles	7,130	5,166	38.0%	51,727	49,951	3.6%
SPV	111	58	91.4%	806	914	-11.8%
Hybrid	1,420	-	-%	7,072	-	-%
VAMA Total	35,114	23,458	49.7%	228,968	213,588	7.2%
Total (Incl. non-VAMA member import)	38,761	25,369	52.8%	264,344	235,296	12.3%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Oct. 2024	Share	Oct. 2023	Share	Y-o-Y	Jan. -Oct. 2024	Share	Jan. -Oct. 2023	Share	Y-o-Y
Toyota	8,736	22.5%	4,041	15.9%	116.2%	49,239	18.6%	42,531	18.1%	15.8%
Ford	5,052	13.0%	3,062	12.1%	65.0%	33,090	12.5%	29,546	12.6%	12.0%
Mitsubishi	4,401	11.4%	2,457	9.7%	79.1%	32,334	12.2%	24,103	10.2%	34.1%
Thaco Kia	4,271	11.0%	4,020	15.8%	6.2%	27,219	10.3%	31,897	13.6%	-14.7%
Thaco Mazda	3,933	10.1%	3,925	15.5%	0.2%	25,207	9.5%	27,791	11.8%	-9.3%
Honda	3,606	9.3%	2,148	8.5%	67.9%	21,260	8.0%	17,218	7.3%	23.5%
Thaco Truck	1,650	4.3%	1,171	4.6%	40.9%	12,844	4.9%	12,322	5.2%	4.2%
Isuzu*	1,257	3.2%	817	3.2%	53.9%	8,317	3.1%	6,890	2.9%	20.7%
Suzuki	739	1.9%	680	2.7%	8.7%	8,724	3.3%	11,528	4.9%	-24.3%
Peugeot	401	1.0%	235	0.9%	70.6%	2,533	1.0%	2,077	0.9%	22.0%
Dothanh	308	0.8%	108	0.4%	185.2%	1,724	0.7%	719	0.3%	139.8%
Thaco BMW	240	0.6%	199	0.8%	20.6%	1,574	0.6%	1,662	0.7%	-5.3%
Bus Thaco	210	0.5%	156	0.6%	34.6%	1,874	0.7%	1,185	0.5%	58.1%
Lexus	162	0.4%	155	0.6%	4.5%	1,176	0.4%	1,397	0.6%	-15.8%
Hino*	81	0.2%	215	0.8%	-62.3%	1,215	0.5%	1,940	0.8%	-37.4%
Vinamotor*	30	0.1%	20	0.1%	50.0%	319	0.1%	234	0.1%	36.3%
Daewoo Bus	29	0.1%	16	0.1%	81.3%	81	0.0%	182	0.1%	-55.5%
SAMCO	8	0.0%	17	0.1%	-52.9%	238	0.1%	184	0.1%	29.3%
VEAM	-	-%	16	0.1%	-%	-	-%	182	0.1%	-%
VAMA Total	35,114	90.6%	23,458	92.5%	49.7%	228,968	86.6%	213,588	90.8%	7.2%
Total (Incl. non-VAMA member import)	38,761	100.0%	25,369	100.0%	52.8%	264,344	100.0%	235,296	100.0%	12.3%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, September 2024

Oct 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 44.2% in September
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on October 10, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 44.2% year-over-year to 36,585 units in September. CKD volume was 19,500 units and CBU volume was 17,085 units.
VAMA members (20 manufactures) sales in September were up 33.5% y/y to 32,023 units. VAMA members passenger car sales were up 29.7%, commercial vehicles were up 27.2% and special purpose vehicles were down 4.3% and hybrid vehicles were 1,044 units.
By brand sales in September based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 69.6% y/y to 6,986 units with a 19.1% market share. Mitsubishi was up 88.1% to 5,385 units with a 14.7% market share. Thaco Kia was up 6.9% to 4,015 units with 11.0% market share. Ford was up 27.2% to 3,967　units with a 10.8% market share. Honda was up 41.2% to 3,607 units with a 9.9% market share. Thaco Mazda was down 0.7% to 3,583 units with a 9.8% market share. Thaco Truck was down 14.1% to 1,438 units with a 3.9% market share.
Cumulative sales for the nine months of the year were up 7.5% y/y to 225,583 units.
The Vietnamese government is offering a 50% reduction in registration fees for vehicles produced or assembled in the country for the three-month period from September 1 to November 30, 2024.

Sales volume by type of VAMA members *

	Sep. 2024	Sep. 2023	Y-o-Y	Jan. -Sep. 2024	Jan. -Sep. 2023	Y-o-Y
Passenger Cars	24,714	19,051	29.7%	142,910	144,489	-1.1%
Commercial Vehicles	6,198	4,872	27.2%	44,597	44,785	-0.4%
SPV	67	70	-4.3%	695	856	-18.8%
Hybrid	1,044	-	-%	5,652	-	-%
VAMA Total	32,023	23,993	33.5%	193,854	190,130	2.0%
Total (Incl. non-VAMA member import)	36,585	25,375	44.2%	225,583	209,927	7.5%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Sep. 2024	Share	Sep. 2023	Share	Y-o-Y	Jan. -Sep. 2024	Share	Jan. -Sep. 2023	Share	Y-o-Y
Toyota	6,986	19.1%	4,118	16.2%	69.6%	40,503	18.0%	38,490	18.3%	5.2%
Mitsubishi	5,385	14.7%	2,863	11.3%	88.1%	27,933	12.4%	21,646	10.3%	29.0%
Thaco Kia	4,015	11.0%	3,757	14.8%	6.9%	22,948	10.2%	27,877	13.3%	-17.7%
Ford	3,967	10.8%	3,118	12.3%	27.2%	28,038	12.4%	26,484	12.6%	5.9%
Honda	3,607	9.9%	2,554	10.1%	41.2%	17,654	7.8%	15,070	7.2%	17.1%
Thaco Mazda	3,583	9.8%	3,610	14.2%	-0.7%	21,274	9.4%	23,866	11.4%	-10.9%
Thaco Truck	1,438	3.9%	1,260	5.0%	14.1%	11,194	5.0%	11,151	5.3%	0.4%
Isuzu*	1,110	3.0%	678	2.7%	63.7%	7,060	3.1%	6,073	2.9%	16.3%
Suzuki	780	2.1%	903	3.6%	-13.6%	7,985	3.5%	10,848	5.2%	-26.4%
Peugeot	261	0.7%	226	0.9%	15.5%	2,132	0.9%	1,842	0.9%	15.7%
Thaco BMW	207	0.6%	174	0.7%	19.0%	1,334	0.6%	1,463	0.7%	-8.8%
Dothanh	203	0.6%	92	0.4%	120.7%	1,416	0.6%	611	0.3%	131.8%
Bus Thaco	182	0.5%	159	0.6%	14.5%	1,664	0.7%	1,029	0.5%	61.7%
Lexus	157	0.4%	177	0.7%	-11.3%	1,014	0.4%	1,242	0.6%	-18.4%
Hino*	89	0.2%	221	0.9%	-59.7%	1,134	0.5%	1,725	0.8%	-34.3%
Vinamotor*	27	0.1%	15	0.1%	80.0%	289	0.1%	214	0.1%	35.0%
Daewoo Bus	17	0.0%	14	0.1%	21.4%	52	0.0%	166	0.1%	-68.7%
SAMCO	9	0.0%	30	0.1%	-70.0%	230	0.1%	167	0.1%	37.7%
VEAM	-	-%	24	0.1%	-%	-	-%	166	0.1%	-%
VAMA Total	32,023	87.5%	23,993	94.6%	33.5%	193,854	85.9%	190,130	90.6%	2.0%
Total (Incl. non-VAMA member import)	36,585	100.0%	25,375	100.0%	44.2%	225,583	100.0%	209,927	100.0%	7.5%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, August 2024

Sep 13, 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 11.8% in August
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on September 13, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 11.8% year-over-year to 25,196 units in August. CKD volume was 12,064 units and CBU volume was 13,132 units. VAMA members (20 manufactures) sales in August were up 3.7% y/y to 21,408 units.
VAMA members passenger car sales were down 0.3%, commercial vehicles were up 7.8% and special purpose vehicles were down 25.4% and hybrid vehicles were 465 units.
By brand sales in August based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 19.8% y/y to 4,700 units with a 18.7% market share. Mitsubishi was up 69.2% to 4,091 units with a 16.2% market share. Ford was up 17.0% to 3,270 units with a 13.0% market share. Thaco Mazda was down 17.2% to 2,509　units with a 10.0% market share. Thaco Kia was down 32.1% to 2,247 units with a 8.9% market share. Thaco Truck was up 16.5% to 1,288 units with an 5.1% market share. Honda was down 18.9% to 1,160units with a 4.6% market share.
Cumulative sales for the eight months of the year were up 2.4% y/y to 188,997 units.
Auto sales in Vietnam decreased by 12.9% month-on-month in August. The decline in sales in August 2024 was a predictable scenario as, in addition to the taboo mentality, people continued to wait for the State's policy of reducing registration fees. However, this is just a quiet note preparing for the boom period in the remaining months of the year. Because, the purchasing power of Vietnamese people for cars often tends to increase sharply at the end of the year, to serve the increased business and travel needs.

Sales volume by type of VAMA members *

	Aug. 2024	Aug. 2023	Y-o-Y	Jan. -Aug. 2024	Jan. -Aug. 2023	Y-o-Y
Passenger Cars	15,903	15,949	-0.3%	118,196	125,438	-5.8%
Commercial Vehicles	4,993	4,631	7.8%	38,399	39,913	-3.8%
SPV	47	63	-25.4%	628	786	-20.1%
Hybrid	465	-	-%	4,607	-	-%
VAMA Total	21,408	20,643	3.7%	161,830	166,137	-2.6%
Total (Incl. non-VAMA member import)	25,196	22,540	11.8%	188,997	184,552	2.4%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Aug. 2024	Share	Aug. 2023	Share	Y-o-Y	Jan. -Aug. 2024	Share	Jan. -Aug. 2023	Share	Y-o-Y
Toyota	4,700	18.7%	3,922	17.4%	19.8%	33,516	17.7%	34,372	18.6%	-2.5%
Mitsubishi	4,091	16.2%	2,418	10.7%	69.2%	22,548	11.9%	18,783	10.2%	20.0%
Ford	3,270	13.0%	2,795	12.4%	17.0%	24,071	12.7%	23,366	12.7%	3.0%
Thaco Mazda	2,509	10.0%	3,032	13.5%	-17.2%	17,691	9.4%	20,256	11.0%	-12.7%
Thaco Kia	2,247	8.9%	3,309	14.7%	-32.1%	18,933	10.0%	24,120	13.1%	-21.5%
Thaco Truck	1,288	5.1%	1,106	4.9%	16.5%	9,756	5.2%	9,891	5.4%	-1.4%
Honda	1,160	4.6%	1,431	6.3%	-18.9%	14,047	7.4%	12,516	6.8%	12.2%
Isuzu*	770	3.1%	687	3.0%	12.1%	5,950	3.1%	5,395	2.9%	10.3%
Suzuki	469	1.9%	894	4.0%	-47.5%	7,205	3.8%	9,945	5.4%	-27.6%
Peugeot	257	1.0%	193	0.9%	33.2%	1,871	1.0%	1,616	0.9%	15.8%
Bus Thaco	198	0.8%	170	0.8%	16.5%	1,482	0.8%	870	0.5%	70.3%
Dothanh	131	0.5%	64	0.3%	104.7%	1,213	0.6%	519	0.3%	133.7%
Thaco BMW	124	0.5%	197	0.9%	-37.1%	1,127	0.6%	1,289	0.7%	-12.6%
Hino*	79	0.3%	127	0.6%	-37.8%	1,045	0.6%	1,504	0.8%	-30.5%
Lexus	61	0.2%	160	0.7%	-61.9%	857	0.5%	1,065	0.6%	-19.5%
Vinamotor*	29	0.1%	17	0.1%	70.6%	262	0.1%	199	0.1%	31.7%
SAMCO	18	0.1%	24	0.1%	-25.0%	221	0.1%	137	0.1%	61.3%
Daewoo Bus	7	0.0%	80	0.4%	-91.3%	35	0.0%	152	0.1%	-77.0%
VEAM	-	-%	17	0.1%	-%	-	-%	142	0.1%	-%
VAMA Total	21,408	85.0%	20,643	91.6%	3.7%	161,830	85.6%	166,137	90.0%	-2.6%
Total (Incl. non-VAMA member import)	25,196	100.0%	22,540	100.0%	11.8%	188,997	100.0%	184,552	100.0%	2.4%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, July 2024

Aug 13, 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 17.1% in July
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on August 13, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 17.1% year-over-year to 28,920 units in July. CKD volume was 13,788 units and CBU volume was 15,132 units.
VAMA members (20 manufactures) sales in July were up 8.3% y/y to 24,774 units. VAMA members passenger car sales were up 8.2%, commercial vehicles were down 4.8% and special purpose vehicles were up 23.5% and hybrid vehicles were 695 units.
By brand sales in July based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 69.9% y/y to 6,479 units with a 22.4% market share. Mitsubishi was up 9.0% to 3,835 units with a 13.3% market share. Ford was up 0.1% to 3,150 units with a 10.9% market share. Thaco Kia was down 25.0% to 2,679 units with a 9.3% market share. Thaco Mazda was down 20.2% to 2,503 units with a 8.7% market share. Honda was up 50.7% to 2,406 units with an 8.3% market share. Thaco Truck was up 4.6% to 1,220 units with a 4.2% market share.
Cumulative sales for the seven months of the year were up 1.1% y/y to 163,804 units.

Sales volume by type of VAMA members *

	Jul. 2024	Jul. 2023	Y-o-Y	Jan. -Jul. 2024	Jan. -Jul. 2023	Y-o-Y
Passenger Cars	19,126	17,682	8.2%	102,293	109,489	-6.6%
Commercial Vehicles	4,890	5,135	-4.8%	33,406	35,282	-5.3%
SPV	63	51	23.5%	581	723	-19.6%
Hybrid	695	-	-%	4,142	-	-%
VAMA Total	24,774	22,868	8.3%	140,422	145,494	-3.5%
Total (Incl. non-VAMA member import)	28,920	24,687	17.1%	163,804	162,012	1.1%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Jul. 2024	Share	Jul. 2023	Share	Y-o-Y	Jan. -Jul. 2024	Share	Jan. -Jul. 2023	Share	Y-o-Y
Toyota	6,479	22.4%	3,813	15.4%	69.9%	28,816	17.6%	30,450	18.8%	-5.4%
Mitsubishi	3,835	13.3%	3,518	14.3%	9.0%	18,457	11.3%	16,365	10.1%	12.8%
Ford	3,150	10.9%	3,148	12.8%	0.1%	20,801	12.7%	20,571	12.7%	1.1%
Thaco Kia	2,679	9.3%	3,570	14.5%	-25.0%	16,686	10.2%	20,811	12.8%	-19.8%
Thaco Mazda	2,503	8.7%	3,135	12.7%	-20.2%	15,182	9.3%	17,224	10.6%	-11.9%
Honda	2,406	8.3%	1,597	6.5%	50.7%	12,887	7.9%	11,085	6.8%	16.3%
Thaco Truck	1,220	4.2%	1,166	4.7%	4.6%	8,468	5.2%	8,785	5.4%	-3.6%
Isuzu*	1,044	3.6%	709	2.9%	47.2%	5,180	3.2%	4,708	2.9%	10.0%
Suzuki	377	1.3%	1,281	5.2%	-70.6%	6,736	4.1%	9,051	5.6%	-25.6%
Peugeot	261	0.9%	191	0.8%	36.6%	1,614	1.0%	1,423	0.9%	13.4%
Bus Thaco	206	0.7%	176	0.7%	17.0%	1,284	0.8%	700	0.4%	83.4%
Dothanh	200	0.7%	71	0.3%	181.7%	1,082	0.7%	455	0.3%	137.8%
Thaco BMW	156	0.5%	190	0.8%	-17.9%	1,003	0.6%	1,092	0.7%	-8.2%
Hino*	109	0.4%	107	0.4%	1.9%	966	0.6%	1,377	0.8%	-29.8%
Lexus	109	0.4%	122	0.5%	-10.7%	796	0.5%	905	0.6%	-12.0%
Vinamotor*	25	0.1%	20	0.1%	25.0%	233	0.1%	182	0.1%	28.0%
SAMCO	11	0.0%	23	0.1%	-52.2%	203	0.1%	113	0.1%	79.6%
Daewoo Bus	4	0.0%	13	0.1%	-69.2%	28	0.0%	72	0.0%	-61.1%
VEAM	-	-%	18	0.1%	-%	-	-%	125	0.1%	-%
VAMA Total	24,774	85.7%	22,868	92.6%	8.3%	140,422	85.7%	145,494	89.8%	-3.5%
Total (Incl. non-VAMA member import)	28,920	100.0%	24,687	100.0%	17.1%	163,804	100.0%	162,012	100.0%	1.1%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, June 2024

Jul 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 11.7% in June
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on July 10, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 11.7% year-over-year to 26,575 units in June. CKD volume was 12,962 units and CBU volume was 13,613 units.
VAMA members (20 manufactures) sales in June were up 0.5% y/y to 21,996 units. VAMA members passenger car sales were down 1.9%, commercial vehicles were down 3.2% and special purpose vehicles were up 6.9% and hybrid vehicles were 576 units.
By brand sales in June based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 1.7% y/y to 5,178 units with a 19.5% market share. Ford was up 6.0% to 3,307 units with a 12.4% market share. Mitsubishi was up 28.7% to 2,913 units with a 11.0% market share. Thaco Kia was down 12.6% to 2,874 units with a 10.8% market share. Thaco Mazda was down 6.8% to 2,562 units with a 9.6% market share. Honda was down 2.7% to 1,381 units with an 5.2% market share. Thaco Truck was up 24.0% to 1,302 units with a 4.9% market share.
Cumulative sales for the six months of the year were down 1.8% y/y to 134,884 units.

Sales volume by type of VAMA members *

	Jun. 2024	Jun. 2023	Y-o-Y	Jan. -Jun. 2024	Jan. -Jun. 2023	Y-o-Y
Passenger Cars	16,262	16,572	-1.9%	83,167	91,807	-9.4%
Commercial Vehicles	5,096	5,263	-3.2%	28,518	30,147	-5.4%
SPV	62	58	6.9%	518	672	-22.9%
Hybrid	576	-	-%	3,448	-	-%
VAMA Total	21,996	21,893	0.5%	115,651	122,626	-5.7%
Total (Incl. non-VAMA member import)	26,575	23,800	11.7%	134,884	137,327	-1.8%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Jun. 2024	Share	Jun. 2023	Share	Y-o-Y	Jan. -Jun. 2024	Share	Jan. -Jun. 2023	Share	Y-o-Y
Toyota	5,178	19.5%	5,090	21.4%	1.7%	22,338	16.6%	26,637	19.4%	-16.1%
Ford	3,307	12.4%	3,121	13.1%	6.0%	17,651	13.1%	17,423	12.7%	1.3%
Mitsubishi	2,913	11.0%	2,264	9.5%	28.7%	14,622	10.8%	12,847	9.4%	13.8%
Thaco Kia	2,874	10.8%	3,290	13.8%	-12.6%	14,007	10.4%	17,241	12.6%	-18.8%
Thaco Mazda	2,562	9.6%	2,750	11.6%	-6.8%	12,679	9.4%	14,089	10.3%	-10.0%
Honda	1,381	5.2%	1,419	6.0%	-2.7%	10,481	7.8%	9,488	6.9%	10.5%
Thaco Truck	1,302	4.9%	1,050	4.4%	24.0%	7,248	5.4%	7,619	5.5%	-4.9%
Isuzu*	828	3.1%	736	3.1%	12.5%	4,136	3.1%	3,999	2.9%	3.4%
Suzuki	410	1.5%	1,054	4.4%	-61.1%	6,359	4.7%	7,770	5.7%	-18.2%
Peugeot	287	1.1%	185	0.8%	55.1%	1,353	1.0%	1,232	0.9%	9.8%
Bus Thaco	244	0.9%	118	0.5%	106.8%	1,078	0.8%	524	0.4%	105.7%
Dothanh	195	0.7%	93	0.4%	109.7%	882	0.7%	384	0.3%	129.7%
Thaco BMW	187	0.7%	158	0.7%	18.4%	847	0.6%	902	0.7%	-6.1%
Lexus	137	0.5%	138	0.6%	-0.7%	687	0.5%	783	0.6%	-12.3%
Hino*	109	0.4%	360	1.5%	-69.7%	859	0.6%	1,270	0.9%	-32.4%
Vinamotor*	52	0.2%	23	0.1%	126.1%	208	0.2%	162	0.1%	28.4%
SAMCO	30	0.1%	9	0.0%	233.3%	192	0.1%	90	0.1%	113.3%
Daewoo Bus	-	-%	25	0.1%	-%	24	0.0%	59	0.0%	-59.3%
VEAM	-	-%	10	0.0%	-%	-	-%	107	0.1%	-%
VAMA Total	21,996	82.8%	21,893	92.0%	0.5%	115,651	85.7%	122,626	89.3%	-5.7%
Total (Incl. non-VAMA member import)	26,575	100.0%	23,800	100.0%	11.7%	134,884	100.0%	137,327	100.0%	-1.8%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, May 2024

Jun 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 24.5% in May
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on Juen 11, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 24.5% year-over-year to 25,794 units in May. CKD volume was 11,985 units and CBU volume was 13,809 units.
VAMA members (20 manufactures) sales in May were up 13.0% y/y to 21,769 units. VAMA members passenger car sales were up 8.6%, commercial vehicles were up 6.1% and special purpose vehicles were up 84.8% and hybrid vehicles were 929 units.
By brand sales in May based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 43.4% y/y to 5,356 units with a 20.8% market share. Ford was up 40.0% to 3,270 units with a 12.7% market share. Mitsubishi was up 74.8% to 3,151 units with a 12.2% market share. Thaco Kia was down 14.1% to 2,315 units with a 9.0% market share. Thaco Mazda was down 0.9% to 2,290 units with a 8.9% market share. Thaco Truck was up 22.7% to 1,488 units with an 5.8% market share. Honda was down 32.9% to 1,179 units with a 4.6% market share.
Cumulative sales for the five months of the year were down 4.6% y/y to 108,309 units.

Sales volume by type of VAMA members *

	May 2024	May 2023	Y-o-Y	Jan. -May 2024	Jan. -May 2023	Y-o-Y
Passenger Cars	15,137	13,938	8.6%	66,905	75,235	-11.1%
Commercial Vehicles	5,581	5,262	6.1%	23,422	24,884	-5.9%
SPV	122	66	84.8%	456	614	-25.7%
Hybrid	929	-	-%	2,872	-	-%
VAMA Total	21,769	19,266	13.0%	93,655	100,733	-7.0%
Total (Incl. non-VAMA member import)	25,794	20,726	24.5%	108,309	113,527	-4.6%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	May 2024	Share	May 2023	Share	Y-o-Y	Jan. -May 2024	Share	Jan. -May 2023	Share	Y-o-Y
Toyota	5,356	20.8%	3,734	18.0%	43.4%	17,160	15.8%	21,547	19.0%	-20.4%
Ford	3,270	12.7%	2,336	11.3%	40.0%	14,344	13.2%	14,302	12.6%	0.3%
Mitsubishi	3,151	12.2%	1,803	8.7%	74.8%	11,709	10.8%	10,583	9.3%	10.6%
Thaco Kia	2,315	9.0%	2,695	13.0%	-14.1%	11,133	10.3%	13,951	12.3%	-20.2%
Thaco Mazda	2,290	8.9%	2,311	11.2%	-0.9%	10,117	9.3%	11,339	10.0%	-10.8%
Thaco Truck	1,488	5.8%	1,213	5.9%	22.7%	5,946	5.5%	6,569	5.8%	-9.5%
Honda	1,179	4.6%	1,757	8.5%	-32.9%	9,100	8.4%	8,069	7.1%	12.8%
Isuzu*	812	3.1%	780	3.8%	4.1%	3,308	3.1%	3,263	2.9%	1.4%
Suzuki	753	2.9%	1,769	8.5%	-57.4%	5,949	5.5%	6,716	5.9%	-11.4%
Peugeot	234	0.9%	170	0.8%	37.6%	1,066	1.0%	1,047	0.9%	1.8%
Bus Thaco	221	0.9%	109	0.5%	102.8%	834	0.8%	406	0.4%	105.4%
Dothanh	205	0.8%	91	0.4%	125.3%	687	0.6%	291	0.3%	136.1%
Thaco BMW	151	0.6%	131	0.6%	15.3%	660	0.6%	744	0.7%	-11.3%
Hino*	148	0.6%	129	0.6%	14.7%	750	0.7%	910	0.8%	-17.6%
Lexus	140	0.5%	168	0.8%	-16.7%	550	0.5%	645	0.6%	-14.7%
Vinamotor*	31	0.1%	25	0.1%	24.0%	156	0.1%	139	0.1%	12.2%
SAMCO	25	0.1%	21	0.1%	19.0%	162	0.1%	81	0.1%	100.0%
Daewoo Bus	-	-%	7	0.0%	-%	24	0.0%	34	0.0%	-29.4%
VEAM	-	-%	17	0.1%	-%	-	-%	97	0.1%	-%
VAMA Total	21,769	84.4%	19,266	93.0%	13.0%	93,655	86.5%	100,733	88.7%	-7.0%
Total (Incl. non-VAMA member import)	25,794	100.0%	20,726	100.0%	24.5%	108,309	100.0%	113,527	100.0%	-4.6%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, April 2024

May 10, 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 8.7% in April
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on May 10, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 8.7% year-over-year to 24,350 units in April. CKD volume was 11,983 units and CBU volume was 12,367 units. VAMA members (20 manufactures) sales in April were up 1.8% y/y to 21,039 units. This was the first year-on-year increase since January 2024.
VAMA members passenger car sales were up 0.4%, commercial vehicles were down 11.2% and special purpose vehicles were up 2.3% and hybrid vehicles were 959 units.
By brand sales in April based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 5.6% y/y to 4,483 units with a 18.4% market share. Ford was down 7.4% to 3,053 units with a 12.5% market share. Thaco Kia was down 4.4% to 2,539 units with a 10.4% market share. Mitsubishi was up 47.5% to 2,508 units with a 10.3% market share. Thaco Mazda was down 1.5% to 2,150 units with a 8.8% market share. Honda was down 7.3% to 1,802 units with a 7.4% market share. Thaco Truck was down 5.9% to 1,470 units with an 6.0% market share.
Cumulative sales for the four months of the year were down 11.1% y/y to 82,515 units.

Sales volume by type of VAMA members *

	Apr. 2024	Apr. 2023	Y-o-Y	Jan. -Apr. 2024	Jan. -Apr. 2023	Y-o-Y
Passenger Cars	14,783	14,719	0.4%	51,326	61,297	-16.3%
Commercial Vehicles	5,164	5,818	-11.2%	17,841	19,622	-9.1%
SPV	133	130	2.3%	334	548	-39.1%
Hybrid	959	-	-%	2,385	-	-%
VAMA Total	21,039	20,667	1.8%	71,886	81,467	-11.8%
Total (Incl. non-VAMA member import)	24,350	22,409	8.7%	82,515	92,801	-11.1%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Apr. 2024	Share	Apr. 2023	Share	Y-o-Y	Jan. -Apr. 2024	Share	Jan. -Apr. 2023	Share	Y-o-Y
Toyota	4,483	18.4%	4,247	19.0%	5.6%	11,804	14.3%	17,813	19.2%	-33.7%
Ford	3,053	12.5%	3,298	14.7%	-7.4%	11,074	13.4%	11,966	12.9%	-7.5%
Thaco Kia	2,539	10.4%	2,656	11.9%	-4.4%	8,818	10.7%	11,256	12.1%	-21.7%
Mitsubishi	2,508	10.3%	1,700	7.6%	47.5%	8,558	10.4%	8,780	9.5%	-2.5%
Thaco Mazda	2,150	8.8%	2,183	9.7%	-1.5%	7,827	9.5%	9,028	9.7%	-13.3%
Honda	1,802	7.4%	1,944	8.7%	-7.3%	7,921	9.6%	6,312	6.8%	25.5%
Thaco Truck	1,470	6.0%	1,562	7.0%	-5.9%	4,458	5.4%	5,356	5.8%	-16.8%
Suzuki	1,185	4.9%	1,374	6.1%	-13.8%	5,196	6.3%	4,947	5.3%	5.0%
Isuzu*	796	3.3%	803	3.6%	-0.9%	2,496	3.0%	2,483	2.7%	0.5%
Bus Thaco	216	0.9%	100	0.4%	116.0%	613	0.7%	297	0.3%	106.4%
Peugeot	210	0.9%	170	0.8%	23.5%	832	1.0%	877	0.9%	-5.1%
Dothanh	187	0.8%	67	0.3%	179.1%	482	0.6%	200	0.2%	141.0%
Thaco BMW	137	0.6%	157	0.7%	-12.7%	509	0.6%	613	0.7%	-17.0%
Hino*	119	0.5%	159	0.7%	-25.2%	602	0.7%	781	0.8%	-22.9%
Lexus	110	0.5%	168	0.7%	-34.5%	410	0.5%	477	0.5%	-14.0%
SAMCO	33	0.1%	25	0.1%	32.0%	137	0.2%	60	0.1%	128.3%
Vinamotor*	29	0.1%	27	0.1%	7.4%	125	0.2%	114	0.1%	9.6%
Daewoo Bus	12	0.0%	4	0.0%	200.0%	24	0.0%	27	0.0%	-11.1%
VEAM	-	-%	23	0.1%	-%	-	-%	80	0.1%	-%
VAMA Total	21,039	86.4%	20,667	92.2%	1.8%	71,886	87.1%	81,467	87.8%	-11.8%
Total (Incl. non-VAMA member import)	24,350	100.0%	22,409	100.0%	8.7%	82,515	100.0%	92,801	100.0%	-11.1%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, March 2024

Apr 12, 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 down 9.2% in March
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on April 12, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 9.2% year-over-year to 27,289 units in March. CKD volume was 14,474 units and CBU volume was 12,815 units. VAMA members (20 manufactures) sales in March were down 8.1% y/y to 24,133 units.
VAMA members passenger car sales were down 13.1%, commercial vehicles were down 1.6% and special purpose vehicles were down 43.7% and hybrid vehicles were 645 unites.
A representative of VAMA also emphasized that sales in March grew strongly compared to February, as March coincided with the Lunar New Year holiday. However, compared to the same period last year, sales were still lower by about 9%.
By brand sales in March based on MarkLines Data Center figures, Toyota (excluding Lexus) was down 31.7%y/y to 3,865 units with a 14.2% market share. Ford was up 0.3% to 3,686 units with a 13.5% market share. Mitsubishi was down 5.9% to 3,439 units with a 12.6% market share. Honda was up 90.2% to 2,832 units with a 10.4% market share. Thaco Kia was down 33.6% to 2,524 units with a 9.2% market share. Thaco Mazda was down 12.3% to 2,350 units with an 8.6% market share. Suzuki was up 8.2% to 1,750 units with a 6.4% market share.  
Cumulative sales for the three months of the year were down 17.4%% y/y to 58,165 units.

Sales volume by type of VAMA members *

	Mar. 2024	Mar. 2023	Y-o-Y	Jan. -Mar. 2024	Jan. -Mar. 2023	Y-o-Y
Passenger Cars	17,136	19,727	-13.1%	36,543	46,578	-21.5%
Commercial Vehicles	6,240	6,340	-1.6%	12,677	13,804	-8.2%
SPV	112	199	-43.7%	201	418	-51.9%
Hybrid	645	-	-%	1,426	-	-%
VAMA Total	24,133	26,266	-8.1%	50,847	60,800	-16.4%
Total (Incl. non-VAMA member import)	27,289	30,038	-9.2%	58,165	70,392	-17.4%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Mar. 2024	Share	Mar. 2023	Share	Y-o-Y	Jan. -Mar. 2024	Share	Jan. -Mar. 2023	Share	Y-o-Y
Toyota	3,865	14.2%	5,656	18.8%	-31.7%	7,321	12.6%	13,566	19.3%	-46.0%
Ford	3,686	13.5%	3,676	12.2%	0.3%	8,021	13.8%	8,668	12.3%	-7.5%
Mitsubishi	3,439	12.6%	3,656	12.2%	-5.9%	6,050	10.4%	7,080	10.1%	-14.5%
Honda	2,832	10.4%	1,489	5.0%	90.2%	6,119	10.5%	4,368	6.2%	40.1%
Thaco Kia	2,524	9.2%	3,800	12.7%	-33.6%	6,279	10.8%	8,600	12.2%	-27.0%
Thaco Mazda	2,350	8.6%	2,680	8.9%	-12.3%	5,677	9.8%	6,845	9.7%	-17.1%
Suzuki	1,750	6.4%	1,618	5.4%	8.2%	4,011	6.9%	3,573	5.1%	12.3%
Thaco Truck	1,653	6.1%	1,713	5.7%	-3.5%	2,988	5.1%	3,794	5.4%	-21.2%
Isuzu*	866	3.2%	854	2.8%	1.4%	1,700	2.9%	1,680	2.4%	1.2%
Hino*	283	1.0%	292	1.0%	-3.1%	483	0.8%	622	0.9%	-22.3%
Peugeot	231	0.8%	250	0.8%	-7.6%	622	1.1%	707	1.0%	-12.0%
Bus Thaco	165	0.6%	117	0.4%	41.0%	397	0.7%	197	0.3%	101.5%
Thaco BMW	159	0.6%	135	0.4%	17.8%	372	0.6%	456	0.6%	-18.4%
Dothanh	153	0.6%	38	0.1%	302.6%	295	0.5%	133	0.2%	121.8%
Lexus	108	0.4%	192	0.6%	-43.8%	300	0.5%	309	0.4%	-2.9%
Vinamotor*	33	0.1%	26	0.1%	26.9%	96	0.2%	87	0.1%	10.3%
SAMCO	24	0.1%	28	0.1%	-14.3%	104	0.2%	35	0.0%	197.1%
Daewoo Bus	12	0.0%	17	0.1%	-29.4%	12	0.0%	23	0.0%	-47.8%
VEAM	-	-%	29	0.1%	-%	-	-%	57	0.1%	-%
VAMA Total	24,133	88.4%	26,266	87.4%	-8.1%	50,847	87.4%	60,800	86.4%	-16.4%
Total (Incl. non-VAMA member import)	27,289	100.0%	30,038	100.0%	-9.2%	58,165	100.0%	70,392	100.0%	-17.4%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, February 2024

Mar 13, 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 down 49.5% in February
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on March 12, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 49.5% year-over-year to 11,633 units in February. CKD volume was 6,662 units and CBU volume was 4,971 units. VAMA members (20 manufactures) sales in February were down 51.2% y/y to 10,017 units.
VAMA members passenger car sales were down 55.3%, commercial vehicles were down 41.5% and special purpose vehicles were down 67.5.and hybrid vehicles were 205 unites.
By brand sales in February based on MarkLines Data Center figures, Ford was down 36.8% y/y to 1,664 units with a 14.3% market share. Thaco Kia was down 49.1% to 1,386 units with a 11.9% market share. Thaco Mazda was down 45.5% to 1,355 units with a 11.6% market share. Honda was down 8.7% to 1,264 units with a 10.9% market share. Toyota (excluding Lexus) was down 74.5% to 1,248 units with a 10.7% market share. Mitsubishi was down 64.1% to 818 units with a 7.0% market share. Thaco Truck was down 53.4% to 731 units with a 6.3% market share.
Cumulative sales for the two months of the year were down 23.5% y/y to 30,876 units.
According to multiple Vietnum media sources, the cause of the above decrease in February was because the car manufacturers' sales period was shortened by about 10 days during the Lunar New Year holiday. At the same time, a series of resonant factors have caused the sales of car manufacturers to decelerate simultaneously, such as the expiration of the Government's 50% registration fee incentive for domestically produced and assembled vehicles in December 2023.

Sales volume by type of VAMA members *

	Feb. 2024	Feb. 2023	Y-o-Y	Jan. -Feb. 2024	Jan. -Feb. 2023	Y-o-Y
Passenger Cars	7,014	15,681	-55.3%	19,407	26,851	-27.7%
Commercial Vehicles	2,745	4,692	-41.5%	6,437	7,464	-13.8%
SPV	53	163	-67.5%	89	219	-59.4%
Hybrid	205	-	-%	781	-	-%
VAMA Total	10,017	20,536	-51.2%	26,714	34,534	-22.6%
Total (Incl. non-VAMA member import)	11,633	23,040	-49.5%	30,876	40,354	-23.5%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)


Vietnam - Sales of locally assembled vehicles

Make	Feb. 2024	Share	Feb. 2023	Share	Y-o-Y	Jan. -Feb. 2024	Share	Jan. -Feb. 2023	Share	Y-o-Y
Ford	1,664	14.3%	2,632	11.4%	-36.8%	4,335	14.0%	4,992	12.4%	-13.2%
Thaco Kia	1,386	11.9%	2,725	11.8%	-49.1%	3,755	12.2%	4,800	11.9%	-21.8%
Thaco Mazda	1,355	11.6%	2,486	10.8%	-45.5%	3,327	10.8%	4,165	10.3%	-20.1%
Honda	1,264	10.9%	1,385	6.0%	-8.7%	3,287	10.6%	2,879	7.1%	14.2%
Toyota	1,248	10.7%	4,887	21.2%	-74.5%	3,456	11.2%	7,910	19.6%	-56.3%
Mitsubishi	818	7.0%	2,279	9.9%	-64.1%	2,611	8.5%	3,424	8.5%	-23.7%
Thaco Truck	731	6.3%	1,570	6.8%	-53.4%	1,335	4.3%	2,081	5.2%	-35.8%
Suzuki	667	5.7%	1,100	4.8%	-39.4%	2,261	7.3%	1,955	4.8%	15.7%
Isuzu*	352	3.0%	633	2.7%	-44.4%	834	2.7%	826	2.0%	1.0%
Peugeot	167	1.4%	237	1.0%	-29.5%	391	1.3%	457	1.1%	-14.4%
Thaco BMW	89	0.8%	129	0.6%	-31.0%	213	0.7%	321	0.8%	-33.6%
Bus Thaco	82	0.7%	61	0.3%	34.4%	232	0.8%	80	0.2%	190.0%
Hino*	67	0.6%	218	0.9%	-69.3%	200	0.6%	330	0.8%	-39.4%
Lexus	56	0.5%	106	0.5%	-47.2%	192	0.6%	117	0.3%	64.1%
Vinamotor*	36	0.3%	32	0.1%	12.5%	63	0.2%	61	0.2%	3.3%
Dothanh	19	0.2%	25	0.1%	-24.0%	142	0.5%	95	0.2%	49.5%
SAMCO	16	0.1%	4	0.0%	300.0%	80	0.3%	7	0.0%	1,042.9%
VEAM	-	-%	22	0.1%	-%	-	-%	28	0.1%	-%
Daewoo Bus	-	-%	5	0.0%	-%	-	-%	6	0.0%	-%
VAMA Total	10,017	86.1%	20,536	89.1%	-51.2%	26,714	86.5%	34,534	85.6%	-22.6%
Total (Incl. non-VAMA member import)	11,633	100.0%	23,040	100.0%	-49.5%	30,876	100.0%	40,354	100.0%	-23.5%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis

Flash report, January 2024

Feb 27, 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 11.1% in January
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on February 22, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 11.1% year-over-year to 19,243 units in January. CKD volume was 9,783 units and CBU volume was 9,460 units. VAMA members (20 manufactures) sales in January were up 19.3% y/y to 16,697 units.
VAMA members passenger car sales were up 10.9% to 12,393 unites, commercial vehicles were up 33.2% to 3,692 unites, special purpose vehicles were down 35.7% to 36 units and hybrid vehicles were 576 unites.
By brand sales in January based on MarkLines Data Center figures, Ford was up 13.2% y/y to 2,671 units with a 13.9% market share. Thaco Kia was up 14.2% to 2,369 units with a 12.3% market share. Toyota (excluding Lexus) was down 27.0% to 2,208 units with a 11.5% market share. Honda was up 35.4% to 2,023 units with a 10.5% market share. Thaco Mazda was up 17.5% to 1,972 units with a 10.2% market share. Mitsubishi was up 56.6% to 1,793 units with a 9.3% market share. Suzuki was up 86.4% to 1,594 units with a 8.3% market share.
VAMA just announced that the total car sales in the entire market of member units in January 2024 only reached 19,243 cars, up 50.3% compared to with last month.
According to some sales experts at car dealerships in Hanoi, the cause of the sharp decline in sales comes from two factors.
First, January is the month close to the Lunar New Year, consumers' cash flow is oriented toward holiday needs rather than focusing on buying cars. Second, December 2023 is the last time to apply the 50% registration fee reduction.

Sales volume by type of VAMA members *

	Jan. 2024	Jan. 2023	Y-o-Y
Passenger Cars	12,393	11,170	10.9%
Commercial Vehicles	3,692	2,772	33.2%
SPV	36	56	-35.7%
Hybrid	576	-	-%
VAMA Total	16,697	13,998	19.3%
Total (Incl. non-VAMA member import)	19,243	17,314	11.1%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis
* Hybrid (All segment)

Vietnam - Sales of locally assembled vehicles

Make	Jan. 2024	Share	Jan. 2023	Share	Y-o-Y
Ford	2,671	13.9%	2,360	13.6%	13.2%
Thaco Kia	2,369	12.3%	2,075	12.0%	14.2%
Toyota	2,208	11.5%	3,023	17.5%	-27.0%
Honda	2,023	10.5%	1,494	8.6%	35.4%
Thaco Mazda	1,972	10.2%	1,679	9.7%	17.5%
Mitsubishi	1,793	9.3%	1,145	6.6%	56.6%
Suzuki	1,594	8.3%	855	4.9%	86.4%
Thaco Truck	604	3.1%	511	3.0%	18.2%
Isuzu*	482	2.5%	193	1.1%	149.7%
Peugeot	224	1.2%	220	1.3%	1.8%
Bus Thaco	150	0.8%	19	0.1%	689.5%
Lexus	136	0.7%	11	0.1%	1,136.4%
Hino*	133	0.7%	112	0.6%	18.8%
Thaco BMW	124	0.6%	192	1.1%	-35.4%
Dothanh	123	0.6%	70	0.4%	75.7%
SAMCO	64	0.3%	3	0.0%	2,033.3%
Vinamotor*	27	0.1%	29	0.2%	-6.9%
VEAM	-	-%	6	0.0%	-%
Daewoo Bus	-	-%	1	0.0%	-%
VAMA Total	16,697	86.8%	13,998	80.8%	19.3%
Total (Incl. non-VAMA member import)	19,243	100.0%	17,314	100.0%	11.1%

Source: VAMA(Vietnam Automobile Manufacturers' Association)
* exclude bus chassis