Flash Reports

Vietnam vehicles industry will break the 200.000 units in the 2015.

Vietnam vehicles Toyota-GT86_Blanco_2015

Vietnam vehicles industry will break the 200.000 units in the 2015 thanks to the record pace followed during the entire year. Starting from this article we’ll report data and figures for the entire vehicles, including trucks and bus.

Economic Outlook

Vietnam continues to report robust growth despite the global economic cooldown thanks to the strong performance of investment and private consumption, and the country is poised to record the highest growth rate in eight years this year. Manufacturing and construction have increased as well owing to rising foreign direct investment and increased exports.

However, a recent report from Vietnam’s customs department shows that the country is becoming increasingly dependent on foreign-owned businesses, thereby increasing risks should any of these companies pull out. While foreign-owned businesses’ exports grew by 21% year-on-year in Q3, domestic companies’ exports fell by 10% during the same time period.

The data reveals that Vietnam is slowly becoming a two-track economy and will be increasingly vulnerable in the long run if any of the foreign companies decides to move. However, Vietnam can mitigate these risks by implementing reforms targeting productivity.

Market Outlook

The rapid expansion of the country requires fast devices to help commute people and goods and nothing is better than cars to this scope. The effect is shown by the tremendous development of the car sector, which was not existing a decade ago and now represents the World’s 48th largest market and one of the top 5 as growing speed.

Two all-time records in a row had been not enough to satisfy the consumer’s demand and the 2015 will be a new step ahead with final year volume above the 200.000 units for the first time ever.

Indeed, according to data collected in the market by focus2move from the VAMA, the Vietnam Associations of Car Manufacturers, and few independent importers, following a first quarter amazing +58.6%, in the third quarter market grew again with year to date September sales soared at 161.333 units, up 27.6% from the correspondent period last year.

Please note that from this month onwards, we will report about total vehicles sales (cars, plus all commercials) while so far we have reported only about light vehicles (without heavy trucks and bus).

Toyota was the leader with 36.215 sales (+30.2%) ahead of Kia with 26.433 (+68.3%) and Ford with 15.840 (+71.3%). Mazda advanced in third place in the single month of September while is the fastest brand in the year with sales up 121%.

As far as group’s performance,  the leader was Toyota with 25.0% of share followed by Hyundai group with 19.5%, Ford with 9.8% and Thaco, the local trucks producer, with 9.4%.

As far as best-selling models ranking, the market leader after 9 months of the year was the Kia k300o with10.410 units (+69.8%) ahead of the Toyota Vios with 10.019 units (+61.4%) and the Thaco Truck with 7.293 units (-5.2%).

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 Sep Rank 2015 Brand Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Toyota 4.674 36.215 10,5% 30,2% 25,3% 24,1%
2 2 Kia 3.654 26.433 73,2% 68,3% 19,8% 17,6%
3 5 Mazda 1.924 13.672 69,8% 121,1% 10,4% 9,1%
4 3 Ford 1.888 15.840 35,8% 71,3% 10,2% 10,5%
5 4 Thaco 1.739 15.113 1,5% -2,0% 9,4% 10,1%
6 6 Honda 812 5.747 5,6% 20,4% 4,4% 3,8%
7 9 Chevrolet 769 4.947 43,7% 8,7% 4,2% 3,3%
8 8 Hyundai 500 5.073 -54,1% -36,0% 2,7% 3,4%
9 10 Suzuki 392 3.890 0,3% 31,9% 2,1% 2,6%
10 13 Mitsubishi 364 2.715 88,6% 71,5% 2,0% 1,8%
11 7 Isuzu 319 5.133 -29,6% 24,0% 1,7% 3,4%
12 12 Mercedes 296 2.815 -3,3% 22,6% 1,6% 1,9%
13 14 Nissan 164 1.711 -41,3% -19,6% 0,9% 1,1%
14 15 Volkswagen 154 1.275 -20,0% -20,0% 0,8% 0,8%
15 11 Samco 122 3.671 -75,6% 109,8% 0,7% 2,4%

Rank Sep Rank 2015 Group Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Toyota 4.689 36.335 10,1% 29,6% 25,4% 24,2%
2 2 Hyundai-Kia 4.154 31.505 29,8% 33,3% 22,5% 21,0%
3 5 Mazda 1.924 13.672 69,8% 121,1% 10,4% 9,1%
4 3 Ford 1.888 15.840 35,8% 71,3% 10,2% 10,5%
5 4 Thaco 1.739 15.113 1,5% -2,0% 9,4% 10,1%
6 6 Honda 812 5.747 5,6% 20,4% 4,4% 3,8%
7 8 General Motors 779 4.979 45,6% 9,4% 4,2% 3,3%
8 9 Suzuki 392 3.890 0,3% 31,9% 2,1% 2,6%
9 12 Mitsubishi 364 2.715 88,6% 71,5% 2,0% 1,8%
10 11 Mercedes Daimler 362 3.399 -2,4% 18,0% 2,0% 2,3%

Rank Sep Rank 2015 Model Sales Sep YTD Sep Var Sep Share Sep Var Ytd Share 2015
1 2 Toyota Vios 1.443 10.019 97,4% 7,5% 61,4% 6,2%
2 1 Kia K3000 1.351 10.410 69,1% 7,0% 69,8% 6,5%
3 4 Toyota Innova 891 7.084 26,9% 4,6% 24,7% 4,4%
4 7 Kia Morning 857 5.406 106,0% 4,5% 70,0% 3,4%
5 6 Thaco LCV 845 6.551 17,0% 4,4% 0,8% 4,1%
6 5 Toyota Fortuner 833 7.013 -4,1% 4,3% 15,4% 4,3%
7 9 Ford Ranger 822 4.976 79,1% 4,3% 70,7% 3,1%
8 3 Thaco Truck 729 7.293 -14,7% 3,8% -5,2% 4,5%
9 16 Toyota Camry 589 3.305 25,6% 3,1% -10,2% 2,0%
10 11 Mazda3 570 3.990 159,1% 3,0% 164,1% 2,5%
11 10 Toyota Corolla 486 4.670 -44,7% 2,5% 53,4% 2,9%
12 12 Ford Transit 460 3.814 36,5% 2,4% 42,6% 2,4%
13 15 Hino 500 451 3.579 -9,8% 2,3% 111,8% 2,2%
14 31 Chevrolet Cruze 443 1.699 209,8% 2,3% 51,4% 1,1%
15 25 Honda City 435 2.222 -7,4% 2,3% 8,1% 1,4%
16 21 Ford Ecosport 422 2.803 81,9% 2,2% 266,4% 1,7%
17 17 Mazda CX-5 403 3.161 21,0% 2,1% 67,7% 2,0%
18 23 Kia Rio 401 2.304 340,7% 2,1% 456,1% 1,4%
19 19 Mazda BT-50 389 3.027 11,5% 2,0% 98,4% 1,9%
20 20 Kia K3 370 3.014 14,9% 1,9% 36,0% 1,9%
21 27 Toyota Yaris 345 2.050 30,7% 1,8% 117,6% 1,3%
22 18 Honda CR-V 326 3.117 27,8% 1,7% 38,6% 1,9%
23 32 Mazda2 309 1.545 232,3% 1,6% 149,6% 1,0%
24 28 Suzuki Carry 304 2.030 1,6% 111,0% 1,3%
25 29 Mazda6 238 1.750 101,7% 1,2% 269,2% 1,1%
26 22 Hyundai Mighty 236 2.485 -21,3% 1,2% 143,6% 1,5%
27 26 Kia K2700 232 2.142 -7,2% 1,2% 12,7% 1,3%
28 8 Transinco Bus 228 5.163 -81,2% 1,2% -12,3% 3,2%
29 33 Thaco Bus 165 1.269 21,3% 0,9% 3,7% 0,8%
30 35 Kia Sorento 138 1.126 43,8% 0,7% 21,9% 0,7%

To see all data and analysis on this market, see also the just published research:

 

 

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