Vietnam market report. Third quarter 2016

Vietnam Vehicles Market in Q3 2016 ford-ranger-2010

Vietnam Vehicles Market in Q3 kept the race fueled by economic acceleration. Albeit Thaco-Kia was the most popular manufacturer, Mazda broke the wall surging almost 65%.

Market Outlook

Vietnam’s economy accelerated in Q3, as the agricultural sector bounced back and the manufacturing and services sector expanded notably. In September, the manufacturing PMI reached a 16-month high and industrial output accelerated, confirming that the manufacturing sector, which attracts most of the foreign direct investment into the country, is in good shape.

During the Q3 the domestic vehicles sales increased steady, pushing up the market in double digit. September reached the pick in this period and was the 7th growth in a string.

According to data collected in the market by focus2move plus those released by the VAMA, the Vietnam Associations of Car Manufacturers, in July and August the vehicles sold had been respectively 24.153 (+18.7%) and 20.567 (+12.8%). September kept momentum with 24.654, up 28.0%.

The total vehicles sold in the first trimester had been 194.995, up 20.9% compared to the same period of the 2015, flying over a new record.

Competitive Arena

Year to date September the market leader was Toyota sold 38.950 vehicles (+6.4%) with the 20.5% of market share. Kia was second with 38.355 units (+37.0%) ahead of Mazda with 22.532 (+64.8%), Thaco with 22.194 (+46.9%), Ford with 20.663 (+22.3%).

As far as the Car Groups performance, the leader was Hyundai-Kia with 23.8% of market share, ahead of Toyota Group with 22.8%, Mazda with 11.8% and Thaco with 11.7%.

As far as the best-selling models performance, the Kia K3000 dominated the competition with 11.738 sales (-1.9%) followed by the Toyota Vios with 10.835 (+8.1%), the Thaco Truck with 10.271 (+40.8%), the Ford Ranger with 10.066 (+66.7%) and the Kia Morning with 9.825 (+81.7%).

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 Sept Rank 2016 Brand Sales Sept Sales 2016 Var Sept Var 2016 Share Sept Share 2016
2 1 Toyota 5.110 38.950 11,2% 6,4% 21,8% 20,5%
1 2 Kia 5.134 38.355 40,5% 37,0% 21,9% 20,2%
3 3 Mazda 2.850 22.532 48,1% 64,8% 12,2% 11,8%
5 4 Thaco 2.070 22.194 19,0% 46,9% 8,8% 11,7%
4 5 Ford 2.654 20.663 42,8% 22,3% 11,3% 10,9%
6 6 Honda 1.035 7.611 27,5% 28,0% 4,4% 4,0%
7 7 Chevrolet 924 6.801 20,2% 37,5% 3,9% 3,6%
8 8 Suzuki 871 5.489 122,2% 41,1% 3,7% 2,9%
11 9 Hyundai 397 4.359 -20,6% -14,1% 1,7% 2,3%
9 10 Mitsubishi 499 4.019 37,1% 48,0% 2,1% 2,1%
10 11 Mercedes 483 3.821 105,5% 38,7% 2,1% 2,0%
14 12 Hino 232 2.822 -53,6% -38,0% 1,0% 1,5%
12 13 VEAM 349 2.812 926,5% 61,0% 1,5% 1,5%
13 14 Hyundai Trucks 277 2.517 1,2% 1,3%
15 15 Samco 207 1.586 69,7% 47,5% 0,9% 0,8%
16 16 Lexus 91 1.519 21,3% 132,6% 0,4% 0,8%
17 Nissan 876 -100,0% -48,8% 0,0% 0,5%
17 18 Isuzu 71 488 -77,7% -90,5% 0,3% 0,3%
18 19 Peugeot 50 477 22,0% 39,9% 0,2% 0,3%
19 20 Fiat 41 333 17,1% -11,7% 0,2% 0,2%
20 21 Subaru 13 308 -68,3% -18,7% 0,1% 0,2%
26 22 BMW 2 167 -98,0% -80,4% 0,0% 0,1%
21 23 Renault 8 134 -62,4% -21,4% 0,0% 0,1%

Rank Sept Rank 2016 Group Sales Sept Sales 2016 Var. Sept. Var. 2016 Share Sept Share 2016
1 1 Toyota 5.433 43.291 5,1% 3,6% 24,3% 24,0%
2 2 Hyundai-Kia 5.134 38.355 40,5% 37,0% 22,9% 21,2%
3 3 Mazda 2.850 22.532 48,1% 64,8% 12,7% 12,5%
5 4 Thaco 2.070 22.194 19,0% 46,9% 9,2% 12,3%
4 5 Ford 2.654 20.663 42,8% 22,3% 11,9% 11,4%
6 6 Honda 1.035 7.611 27,5% 28,0% 4,6% 4,2%
7 7 General Motors 926 6.829 18,9% 37,2% 4,1% 3,8%
8 8 Suzuki 871 5.489 122,2% 41,1% 3,9% 3,0%
9 9 Mitsubishi 499 4.019 37,1% 48,0% 2,2% 2,2%
10 10 Mercedes Daimler 483 3.944 60,5% 18,2% 2,2% 2,2%

Rank Sept Rank 2016 Model Sales Sept Sales 2016 Var Sept Var 2016 Share Sept Share 2016
1 5 Kia Morning 1.641 9.825 91,5% 81,7% 6,8% 5,0%
2 2 Toyota Vios 1.614 10.835 11,9% 8,1% 6,7% 5,5%
3 1 Kia K3000 1.521 11.738 12,5% -1,9% 6,3% 6,0%
4 6 Toyota Fortuner 1.216 8.513 61,3% 15,2% 5,0% 4,4%
5 7 Mazda3 1.163 8.180 104,0% 105,0% 4,8% 4,2%
6 4 Ford Ranger 1.126 10.066 42,0% 66,7% 4,7% 5,2%
7 3 Thaco Truck 963 10.271 32,1% 40,8% 4,0% 5,3%
8 8 Thaco LCV 867 8.155 2,6% 24,5% 3,6% 4,2%
9 10 Mazda CX-5 784 6.119 94,5% 93,6% 3,2% 3,1%
10 18 Toyota Corolla 742 3.653 52,7% -21,8% 3,1% 1,9%
11 14 Ford Ecosport 691 3.799 63,7% 35,5% 2,9% 1,9%
12 9 Toyota Innova 684 7.516 -23,2% 6,1% 2,8% 3,8%
13 11 Ford Transit 660 5.264 43,5% 38,0% 2,7% 2,7%
14 13 Isuzu Trucks 631 4.189 381,7% 12,7% 2,6% 2,1%
15 32 Kia Cerato 573 1.777 2,4% 0,9%
16 17 Honda City 539 3.672 23,9% 65,3% 2,2% 1,9%
17 21 Mazda2 490 3.306 58,6% 114,0% 2,0% 1,7%
18 19 Toyota Camry 483 3.536 -18,0% 7,0% 2,0% 1,8%
19 15 Kia K2700 457 3.782 97,0% 76,6% 1,9% 1,9%
20 20 Honda CR-V 449 3.433 37,7% 3,5% 1,9% 1,8%
21 12 Hyundai Mighty 397 4.359 68,2% 75,4% 1,6% 2,2%
22 26 Suzuki Super Carry 393 2.741 1,6% 1,4%
23 25 Kia Rio 355 2.803 -11,5% 21,7% 1,5% 1,4%
24 23 Veam HCVs 349 2.812 926,5% 61,0% 1,4% 1,4%
25 37 Suzuki Carry 306 1.389 0,7% -31,6% 1,3% 0,7%
26 30 Chevrolet Cruze 302 2.198 -31,8% 29,4% 1,3% 1,1%
27 28 Hyundai Truck 270 2.435 1,1% 1,2%
28 16 Thaco Bus 240 3.768 45,5% 196,9% 1,0% 1,9%
29 31 Kia Sorento 235 1.855 70,3% 64,7% 1,0% 0,9%
30 24 Hino 500 232 2.810 -48,6% -30,9% 1,0% 1,4%

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

 

 

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