Vietnam 2016. New All Time Record. Kia runs for leadership.

Vietnam Auto Market 2016 Kia-Optima_Hybrid-2017

Vietnam Auto Market 2016 outpace the milestone of 0.3 million sales while hitting the All Time record, the fourth in a row. Toyota still leader, but Kia is fast growing and reduced the gap by two third.

Vietnam’s economy decelerated in 2016 compared to the previous year, as agricultural output was hit by tough natural conditions, ranging from drought to salinization. The growth engine of the economy was once again manufacturing, rising at a double-digit rate and confirming Vietnam’s attractiveness for foreign direct investment, which is mainly aimed at the export-oriented manufacturing sector. In fact, exports of merchandise goods rose almost 30% annually in December and the trade balance swung back from a deficit in 2015 to a surplus in 2016

In the rapid country development, a crucial rule is taken by the automotive sector with fast growing local production and booming demand for new vehicles.

According to data released by VAMA, total vehicles sold in the year had been 301.802, beating the milestone of 0.3 million vehicles, and scoring the fourth All Time Record in a row.

In the light vehicles, the leader was again Toyota while losing share, now below the 20%, and is now under attack from the fast growing Kia, second with a gap reduced at almost 4.000 units from the 12.000 in the previous year.

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.

Rank 2016 Rank 2015 BRAND Sales 2016 Sales 2015 Variation 2016 Share 2016 Share 2015
1 1 Toyota 56.914 50.362 13,0% 19,8% 22,3%
2 2 Kia 52.878 38.627 36,9% 18,4% 17,1%
3 5 Mazda 31.744 20.359 55,9% 11,1% 9,0%
4 3 Ford 28.578 22.982 24,3% 10,0% 10,2%
5 4 Thaco 28.542 21.033 35,7% 10,0% 9,3%
6 6 Honda 11.504 8.312 38,4% 4,0% 3,7%
7 7 Chevrolet 9.696 7.345 32,0% 3,4% 3,2%
8 8 Isuzu 9.536 7.091 34,5% 3,3% 3,1%
9 10 Hyundai 9.266 6.466 43,3% 3,2% 2,9%
10 9 Suzuki 7.540 6.824 10,5% 2,6% 3,0%
11 12 Mitsubishi 6.052 4.237 42,8% 2,1% 1,9%
12 13 Mercedes 5.664 3.597 57,5% 2,0% 1,6%
13 14 VEAM 4.130 3.160 30,7% 1,4% 1,4%
14 11 Hino 3.851 5.919 -34,9% 1,3% 2,6%
15 17 Volkswagen 2.316 1.789 29,4% 0,8% 0,8%
16 16 Nissan 2.260 2.295 -1,5% 0,8% 1,0%
17 18 BMW 1.872 1.512 23,8% 0,7% 0,7%
18 21 Lexus 1.829 901 103,0% 0,6% 0,4%
19 20 Samco 1.825 1.309 39,4% 0,6% 0,6%
20 25 MG 1.524 612 149,0% 0,5% 0,3%

Rank 2016 Rank 2015 Group Sales 2015 Sales 2016 Variation 2016 Share 2016 Share 2015
1 1 Toyota 57.182 62.594 9,5% 23,0% 26,9%
2 2 Hyundai-Kia 38.627 52.878 36,9% 19,5% 18,2%
3 5 Mazda 20.359 31.744 55,9% 11,7% 9,6%
4 3 Ford 22.982 28.578 24,3% 10,5% 10,8%
5 4 Thaco 21.033 28.542 35,7% 10,5% 9,9%
6 6 Honda 8.312 11.504 38,4% 4,2% 3,9%
7 7 General Motors 7.407 9.828 32,7% 3,6% 3,5%
8 8 Isuzu Motors 7.091 9.536 34,5% 3,5% 3,3%
9 9 Suzuki 6.824 7.540 10,5% 2,8% 3,2%
10 10 Mercedes Daimler 4.379 6.516 48,8% 2,4% 2,1%

Rank 2016 Rank 2015 Model Sales 2016 Sales 2015 2016 Variation
1 2 Toyota Vios 17.500 13.761 27,2%
2 1 Kia K3000 15.082 14.201 6,2%
3 6 Kia Morning 14.874 8.376 77,6%
4 5 Ford Ranger 13.859 8.685 59,6%
5 7 Mazda3 sedan 12.054 5.987 101,3%
6 4 Toyota Fortuner 11.583 9.781 18,4%
7 3 Toyota Innova 11.254 9.985 12,7%
8 10 Mazda CX-5 8.778 4.768 84,1%
9 9 Ford Transit Minibus 6.750 5.600 20,5%
10 18 Honda City 5.778 3.186 81,4%
11 15 Ford Ecosport 5.415 3.977 36,2%
12 17 Hyundai Mighty 5.357 3.235 65,6%
13 8 Toyota Corolla 5.217 5.926 -12,0%
14 12 Honda CR-V 5.101 4.533 12,5%
15 19 Kia K2700 4.770 2.973 60,4%
16 11 Toyota Camry 4.674 4.679 -0,1%
17 16 Kia Rio 4.045 3.951 2,4%
18 Kia Cerato 3.900
19 24 Suzuki Super Carry 3.509 1.799 95,1%
20 14 Mazda BT-50 3.411 4.328 -21,2%
21 21 Chevrolet Cruze Sedan 3.111 2.721 14,3%
22 13 Kia K3 2.841 4.332 -34,4%
23 20 Toyota Yaris 2.575 2.796 -7,9%
24 25 Kia Sorento 2.561 1.615 58,6%
25 26 Toyota Hilux 2.235 1.597 39,9%

To see all data and analysis on this market, see also the research dedicated to this market:

 

 

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