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Correlation of sales of automobile manufacturers in Vietnam


VinFast is the largest car seller in the market in September, and accumulated from the beginning of 2021, Toyota reclaims the throne from Hyundai.

The Vietnamese auto market entered the last quarter of 2021 with many optimistic signals when the Covid-19 epidemic cooled down in many provinces and cities, and car business gradually resumed. The previous 9 months recorded a 46% decrease in sales compared to the same period in 2020. The sales rankings of the firms also changed a lot.

Toyota with 37,905 vehicles, returning to the number one position in Vietnam’s auto market in terms of passenger car market share after 9 months of 2021, but the gap is only 59 vehicles compared to rival Hyundai, which is distributed by TC Motor. In the same period of 2020, Hyundai is the market leader when selling 3,237 more cars than Toyota.

The B+ CUV model, Toyota Corolla Cross rolled in Binh Thuan. Photo: Toyota

For the Japanese automaker, the weakness of key models such as Fortuner and Innova is offset by the stable and largest attraction of Corolla Cross in the market. The Vios sedan is still the best seller in the B-segment sedan segment, but the market crown is difficult to keep before the power of VinFast Fadil.

Hyundai, in terms of total vehicle sales (including passenger cars and commercial vehicles), is the market leader. The race for market share of cars sold between the Korean automaker and Toyota has been fierce from the beginning of 2021 until now.

Hyundai’s great advantage that was once in 2020 is no longer maintained against its Japanese rival. After 9 months, Hyundai sold 37,846 vehicles. B-class sedan, Accent is the company’s main product when selling 11,644 cars.

That is the popular car brand with the most impressive sales growth, 35%, in contrast to the decline in market share of most brands. No other car company has achieved such good business results as Kia, not including Peugeot with small sales.

Kia Sonet, a rookie CUV class B- was launched on October 9 in Quang Nam.  Photo: Dac Thanh

Kia Sonet, a rookie CUV class B- was launched on October 9 in Quang Nam. Photo: Dac Thanh

27,595 cars sold after 3 quarters of 2021 put Kia in the top 3 car brands with the largest sales in the market. The company has just launched a series of new cars in early October such as Sonet, Carnival (Sedona), K5 (Optima).

VinFast for the second month in a row selling the most cars in the market. In September, the Vietnamese car company had a total of 3,497 cars delivered to customers. Accumulated from the beginning of the year, VinFast sold 25,527 cars, ranking fourth in the list of firms with the largest market share.

Fadil continues to be the golden egg laying hen of VinFast with sales of more than 2,500 vehicles in September. Accumulating from the beginning of the year, the A-size hatchback model sold 17,668 vehicles, leading the entire Vietnamese market.

Mitsubishi sales decreased slightly by about 1% over the same period in 2020. The company sold 16,978 vehicles after the first 9 months of 2021. The Japanese automaker’s product range has almost been upgraded in 2021.

An Xpander model at a dealer in Hanoi.  Photo: Mitsubishi

An Xpander model at a dealer in Hanoi. Photo: Mitsubishi

Xpander is still the sales star of the company with a market share of more than 53%, reaching 9,093 vehicles after 3 quarters of 2021. Particularly in the MPV segment priced at less than a billion dong, Mitsubishi Xpander continues to be the best-selling name.

Mazda share the same roof as Truong Hai, but the sales are different from Kia. The Japanese brand has 16,420 cars to customers after 9 months. Compared to the same period in 2020, Mazda sales decreased by 16%.

Ford and Honda all have sales of less than 15,000 vehicles after the first 3 quarters of 2021. Ford relies heavily on its flagship product Ranger, a pickup model that will be assembled in Vietnam from the second half of July. While Honda depends on the B-class sedan, City also assembles domestically.

New generation City in a test drive event for the media in Hanoi, December 2020.  Photo: Luong Dung

New generation City in a test drive event for the media in Hanoi, December 2020. Photo: Luong Dung

Suzuki Yes, XL7 is currently the sales star of the company, but the sales level in the overall segment is still small. Accumulated to September, the Japanese automaker sold 4,510 cars, 163 more cars than the company ranked behind, Peugeot. With Isuzu, two models classified as passenger cars, including D-Max and mu-X, sold only 190 vehicles, contributing about 3% of the Japanese automaker’s overall sales.

Thanh Nhan

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