Vietnam - Automotive Sales volume, 2025

Flash report, March 2025

Apr 11, 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 up 16.3% in March
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on April 11, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 16.3% year-over-year to 31,750 units in March. CKD volume was 14,887 units and CBU volume was 16,863 units.
VAMA members (20 manufacturers) sales in March were up 8.1% y/y to 26,079 units. VAMA members passenger car sales were up 5.5%, commercial vehicles were up 12.3% and special purpose vehicles were down 16.1% and hybrid vehicles were up 39.8%.
By brand sales in March based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 38.9% y/y to 5,370 units with a 16.9% market share. Mitsubishi was up 28.3% to 4,412 units with a 13.9% market share. Ford was up 15.9% to 4,272 units with a 13.5% market share. Honda was down 13.5% to 2,450 units with a 7.7% market share. Thaco Mazda was down 0.6% to 2,335 units with a 7.4% market share. Thaco Kia was down 8% to 2,322 units with a 7.3% market share. Thaco Truck was up 37.8% to 2,278 units with a 7.2% market share.
Cumulative sales for the three months of the year were up 24.2% y/y to 72,249 units.
Industry experts believe that with a clear recovery trend and ongoing consumer support policies from automakers, Vietnam’s auto market is poised for continued growth in the coming quarters of the year.

Sales volume by type of VAMA members *

	Mar. 2025	Mar. 2024	Y-o-Y	Jan. -Mar. 2025	Jan. -Mar. 2024	Y-o-Y
Passenger Cars	18,075	17,136	5.5%	40,582	36,543	11.1%
Commercial Vehicles	7,008	6,240	12.3%	15,445	12,677	21.8%
SPV	94	112	-16.1%	347	201	72.6%
Hybrid	902	645	39.8%	2,562	1,426	79.7%
VAMA Total	26,079	24,133	8.1%	58,936	50,847	15.9%
Total (Incl. non-VAMA member import)	31,750	27,289	16.3%	72,249	58,165	24.2%

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


Vietnam - Sales of locally assembled vehicles

Make	Mar. 2025	Share	Mar. 2024	Share	Y-o-Y	Jan. -Mar. 2025	Share	Jan. -Mar. 2024	Share	Y-o-Y
Toyota	5,370	16.9%	3,865	14.2%	38.9%	11,830	16.4%	7,321	12.6%	61.6%
Mitsubishi	4,412	13.9%	3,439	12.6%	28.3%	7,920	11.0%	6,050	10.4%	30.9%
Ford	4,272	13.5%	3,686	13.5%	15.9%	9,482	13.1%	8,021	13.8%	18.2%
Honda	2,450	7.7%	2,832	10.4%	-13.5%	6,084	8.4%	6,119	10.5%	-0.6%
Thaco Mazda	2,335	7.4%	2,350	8.6%	-0.6%	6,341	8.8%	5,677	9.8%	11.7%
Thaco Kia	2,322	7.3%	2,524	9.2%	-8.0%	6,200	8.6%	6,279	10.8%	-1.3%
Thaco Truck	2,278	7.2%	1,653	6.1%	37.8%	4,908	6.8%	2,988	5.1%	64.3%
Isuzu*	905	2.9%	866	3.2%	4.5%	2,090	2.9%	1,700	2.9%	22.9%
Suzuki	612	1.9%	1,750	6.4%	-65.0%	1,306	1.8%	4,011	6.9%	-67.4%
Peugeot	259	0.8%	231	0.8%	12.1%	691	1.0%	622	1.1%	11.1%
Bus Thaco	222	0.7%	165	0.6%	34.5%	539	0.7%	397	0.7%	35.8%
Hino*	218	0.7%	283	1.0%	-23.0%	426	0.6%	483	0.8%	-11.8%
Thaco BMW	147	0.5%	159	0.6%	-7.5%	415	0.6%	372	0.6%	11.6%
Dothanh	126	0.4%	153	0.6%	-17.6%	354	0.5%	295	0.5%	20.0%
Lexus	85	0.3%	108	0.4%	-21.3%	198	0.3%	300	0.5%	-34.0%
Daewoo Bus	35	0.1%	12	0.0%	191.7%	73	0.1%	12	0.0%	508.3%
SAMCO	19	0.1%	24	0.1%	-20.8%	38	0.1%	104	0.2%	-63.5%
Vinamotor*	12	0.0%	33	0.1%	-63.6%	41	0.1%	96	0.2%	-57.3%
VAMA Total	26,079	82.1%	24,133	88.4%	8.1%	58,936	81.6%	50,847	87.4%	15.9%
Total (Incl. non-VAMA member import)	31,750	100.0%	27,289	100.0%	16.3%	72,249	100.0%	58,165	100.0%	24.2%

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

Flash report, February 2025

Mar 13, 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 up 85.7% 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 up 85.7% year-over-year to 21,606 units in February . CKD volume was 11,067 units and CBU volume was 10,539 units.
VAMA members (20 manufacturers) sales in February were up 71.5% y/y to 17,181 units. VAMA members passenger car sales were up 63.2% , commercial vehicles were up 75.7% and special purpose vehicles were up 186.8% and hybrid vehicles were 756 units.
By brand sales in February based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 149.5% y/y to 3,114 units with a 14.4% market share. Ford was up 65.7% to 2,758 units with a 12.8% market share. Thaco Kia was up 46.6% to 2,032 units with a 9.4% market share. Thaco Mazda was up 45.8% to 1,975 units with a 9.1% market share. Thaco Truck was up 147.6% to 1,810 units with a 8.4% market share. Honda was up 43.0% to 1,808 units with a 8.4% market share. Mitsubishi was up 119.1% to 1,792 units with a 8.3% market share.
Cumulative sales for the two months of the year were up 31.2% y/y to 40,499 units.
Sales in February 2025 were significantly higher than in February 2024 due to the low level of sales in February 2024. The recovery shows that the Vietnamese market is gradually passing through the low-level period of purchasing power after the Lunar New Year. Some industry experts said that Vietnam’s automobile market will continue to boom in the coming time, with the emergence of new models, promotions, the government policy of 0% registration fee for electric cars.

Sales volume by type of VAMA members *

	Feb. 2025	Feb. 2024	Y-o-Y	Jan. -Feb. 2025	Jan. -Feb. 2024	Y-o-Y
Passenger Cars	11,450	7,014	63.2%	22,507	19,407	16.0%
Commercial Vehicles	4,823	2,745	75.7%	8,437	6,437	31.1%
SPV	152	53	186.8%	253	89	184.3%
Hybrid	756	205	268.8%	1,660	781	112.5%
VAMA Total	17,181	10,017	71.5%	32,857	26,714	23.0%
Total (Incl. non-VAMA member import)	21,606	11,633	85.7%	40,499	30,876	31.2%

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


Vietnam - Sales of locally assembled vehicles

Make	Feb. 2025	Share	Feb. 2024	Share	Y-o-Y	Jan. -Feb. 2025	Share	Jan. -Feb. 2024	Share	Y-o-Y
Toyota	3,114	14.4%	1,248	10.7%	149.5%	6,460	16.0%	3,456	11.2%	86.9%
Ford	2,758	12.8%	1,664	14.3%	65.7%	5,210	12.9%	4,335	14.0%	20.2%
Thaco Kia	2,032	9.4%	1,386	11.9%	46.6%	3,878	9.6%	3,755	12.2%	3.3%
Thaco Mazda	1,975	9.1%	1,355	11.6%	45.8%	4,006	9.9%	3,327	10.8%	20.4%
Thaco Truck	1,810	8.4%	731	6.3%	147.6%	2,630	6.5%	1,335	4.3%	97.0%
Honda	1,808	8.4%	1,264	10.9%	43.0%	3,634	9.0%	3,287	10.6%	10.6%
Mitsubishi	1,792	8.3%	818	7.0%	119.1%	3,508	8.7%	2,611	8.5%	34.4%
Isuzu*	638	3.0%	352	3.0%	81.3%	1,185	2.9%	834	2.7%	42.1%
Suzuki	414	1.9%	667	5.7%	-37.9%	694	1.7%	2,261	7.3%	-69.3%
Peugeot	239	1.1%	167	1.4%	43.1%	432	1.1%	391	1.3%	10.5%
Thaco BMW	152	0.7%	89	0.8%	70.8%	268	0.7%	213	0.7%	25.8%
Dothanh	134	0.6%	19	0.2%	605.3%	228	0.6%	142	0.5%	60.6%
Bus Thaco	127	0.6%	82	0.7%	54.9%	317	0.8%	232	0.8%	36.6%
Hino*	115	0.5%	67	0.6%	71.6%	208	0.5%	200	0.6%	4.0%
Lexus	42	0.2%	56	0.5%	-25.0%	113	0.3%	192	0.6%	-41.1%
Daewoo Bus	22	0.1%	-	-%	-%	38	0.1%	-	-%	-%
Vinamotor*	7	0.0%	36	0.3%	-80.6%	29	0.1%	63	0.2%	-54.0%
SAMCO	2	0.0%	16	0.1%	-87.5%	19	0.0%	80	0.3%	-76.3%
VAMA Total	17,181	79.5%	10,017	86.1%	71.5%	32,857	81.1%	26,714	86.5%	23.0%
Total (Incl. non-VAMA member import)	21,606	100.0%	11,633	100.0%	85.7%	40,499	100.0%	30,876	100.0%	31.2%

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

Flash report, January 2025

Feb 14, 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 1.8% in January
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on February 13, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 1.8% year-over-year to 18,893 units in January. CKD volume was 9,120 units and CBU volume was 9,773 units.
VAMA members (20 manufacturers) sales in January were down 6.1% y/y to 15,676 units. VAMA members passenger car sales were down 10.8% , commercial vehicles were down 2.1% and special purpose vehicles were up 180.6% and hybrid vehicles were 904 units.
By brand sales in January based on MarkLines Data Center figures, Toyota (excluding Lexus) was up 51.5% y/y to 3,346 units with a 17.7% market share. Ford was down 8.2% to 2,452 units with a 13% market share. Thaco Mazda was up 3.0% to 2,031 units with a 10.8% market share. Thaco Kia was down 22.1% to 1,846 units with a 9.8% market share. Honda was down 9.7% to 1,826 units with a 9.7% market share. Mitsubishi was down 4.3% to 1,716 units with a 9.1% market share. Thaco Truck was up 35.8% to 820 units with a 4.3% market share.
Experts attributed a sharp decline in car sales to the Lunar New Year (Tet) holidays, impacting consumers' purchasing power. Consumers tend to wait for new models and releases at this time of year, contributing to lower sales during this period. Experts forecast that the automobile market is likely to recover from the second quarter when manufacturers continue to introduce stimulus policies, along with support from the Government in further encouraging the development of green vehicles.

Sales volume by type of VAMA members *

	Jan. 2025	Jan. 2024	Y-o-Y
Passenger Cars	11,057	12,393	-10.8%
Commercial Vehicles	3,614	3,692	-2.1%
SPV	101	36	180.6%
Hybrid	904	576	56.9%
VAMA Total	15,676	16,697	-6.1%
Total (Incl. non-VAMA member import)	18,893	19,243	-1.8%

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



Vietnam - Sales of locally assembled vehicles

Make	Jan. 2025	Share	Jan. 2024	Share	Y-o-Y
Toyota	3,346	17.7%	2,208	11.5%	51.5%
Ford	2,452	13.0%	2,671	13.9%	-8.2%
Thaco Mazda	2,031	10.8%	1,972	10.2%	3.0%
Thaco Kia	1,846	9.8%	2,369	12.3%	-22.1%
Honda	1,826	9.7%	2,023	10.5%	-9.7%
Mitsubishi	1,716	9.1%	1,793	9.3%	-4.3%
Thaco Truck	820	4.3%	604	3.1%	35.8%
Isuzu*	547	2.9%	482	2.5%	13.5%
Suzuki	280	1.5%	1,594	8.3%	-82.4%
Peugeot	193	1.0%	224	1.2%	-13.8%
Bus Thaco	190	1.0%	150	0.8%	26.7%
Thaco BMW	116	0.6%	124	0.6%	-6.5%
Dothanh	94	0.5%	123	0.6%	-23.6%
Hino*	93	0.5%	133	0.7%	-30.1%
Lexus	71	0.4%	136	0.7%	-47.8%
Vinamotor*	22	0.1%	27	0.1%	-18.5%
SAMCO	17	0.1%	64	0.3%	-73.4%
Daewoo Bus	16	0.1%	-	-%	-%
VAMA Total	15,676	83.0%	16,697	86.8%	-6.1%
Total (Incl. non-VAMA member import)	18,893	100.0%	19,243	100.0%	-1.8%

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