|
The latest report from the Vietnam Automobile Manufacturers’ Association (VAMA) reveals a 6% month-over-month growth in the total market sales for May, with a total of 25,794 units sold. This includes 11,985 domestically assembled vehicles and 13,809 completely built-up (CBU) imported cars. This performance is a 24% improvement compared to the same period last year.
Mitsubishi Xpander Maintains its Reign
After a slight dip in sales during February, the Mitsubishi Xpander has consistently topped the sales charts for three consecutive months. In May, this best-selling model achieved a sales figure of 1,766 units, creating a significant gap of nearly 290 vehicles over its closest competitor, the Ford Ranger (1,477 units).
Familiar names in the top 10 best-selling vehicles include the Hyundai Accent (924 units), Toyota Yaris Cross (902 units), Mazda CX-5 (892 units), Ford Everest (811 units), and Toyota Vios (766 units). The Mitsubishi Xforce, a new entrant, continues its impressive performance in the Vietnamese market with 802 units sold, ranking 8th in overall sales.
| Mitsubishi Xpander Leads, Toyota Corolla Cross Experiences Shocking Growth | |||||||||||
| Top 10 Best-Selling Cars in Vietnam for May 2023 – Data from VAMA and TC Motor | |||||||||||
| Brand | Mitsubishi Xpander | Ford Ranger | Toyota Corolla Cross | Hyundai Accent | Toyota Yaris Cross | Mazda CX-5 | Ford Everest | Mitsubishi Xforce | Toyota Vios | Toyota Veloz Cross | |
| Units Sold | 1766 | 1477 | 996 | 924 | 902 | 892 | 811 | 802 | 766 | 604 |
Toyota Corolla Cross witnessed an astonishing sales growth of over 71 times in May, with 996 units sold, becoming the third best-selling model in the market, following the Mitsubishi Xpander and Ford Ranger. This impressive performance can be attributed to the launch of the new generation Corolla Cross, which is priced more attractively between 820 and 905 million VND, making it more accessible than its previous generations.
Another surprising entrant in the top 10 best-selling vehicles in Vietnam for May is the Toyota Veloz Cross, a small MPV from Toyota, with 604 units sold, representing a 15% growth compared to the previous month.
Remarkable Comebacks
Besides the shocking sales growth of the Toyota Corolla Cross, the Vietnamese market also witnessed the comeback of the Hyundai Stargazer and Toyota Hilux in May.
Both the Hyundai Stargazer and Toyota Hilux had previously experienced consecutive months of zero sales in Vietnam. However, similar to the Corolla Cross, the introduction of new generations of these models brought them back into the game. In May, the Hyundai Stargazer, a budget-friendly MPV from South Korea, sold 444 units, while the Toyota Hilux, a mid-sized pickup truck, achieved sales of 308 units.
| Corolla Cross, Hilux, and Stargazer Impress with Significant Growth | |||||||
| Best-Performing Cars in Vietnam for May 2023 in Terms of Sales Growth – Data from VAMA and TC Motor | |||||||
| Brand | Toyota Corolla Cross | Hyundai Stargazer | Toyota Hilux | Mitsubishi Outlander | Mazda6 | Mitsubishi Pajero Sport | |
| May 2023 Sales | Units Sold | 996 | 444 | 308 | 139 | 78 | 68 |
| April 2023 Sales | 14 | 0 | 0 | 62 | 32 | 25 |
The market also saw several models more than double their sales from the previous month, including the Suzuki Ciaz (3 units, up 200%), Mitsubishi Pajero Sport (68 units, up 172%), Toyota Alphard (19 units, up 171%), Mazda6 (78 units, up 144%), and Mitsubishi Outlander with 139 units sold, representing a 124% increase compared to April.
On the other hand, the Honda CR-V and Honda HR-V experienced significant sales declines in May. The Honda CR-V, a C-sized SUV, sold 317 units, while the Honda HR-V found 107 buyers during the same period.
The Suzuki Jimny concluded May with 3 units sold (down 44 units from the previous month), while the Suzuki XL7 witnessed a sharp drop in sales, delivering only 15 units to Vietnamese customers. This significant decrease in XL7 sales could be attributed to the anticipation of the upcoming launch of the hybrid version of this small MPV in Vietnam.
Imported Cars Continue their Winning Streak
For the second consecutive month, imported CBU vehicles outperformed domestically assembled CKD cars in the Vietnamese market. According to VAMA’s report, 13,809 imported cars were delivered to customers, outpacing the sales of CKD vehicles by 1,824 units (11,985 units sold).
This trend mirrors what was observed in June and July of 2022 and marks another rare occasion where imported cars have gained more traction among Vietnamese customers than their locally assembled counterparts.
As mentioned in our previous article, the shift in the CKD-CBU balance in recent months can be attributed to the growing preference for imported vehicles among Vietnamese consumers.
The top 10 best-selling cars in May included several completely imported models, such as the Toyota Yaris Cross, Mitsubishi Xforce (from Indonesia), and the Ford Everest and Toyota Corolla Cross, both originating from Thailand.
 |
|
The Toyota Yaris Cross is among the best-selling cars in the Vietnamese market. Image source: TMV. |
Additionally, the top two best-selling models, the Mitsubishi Xpander and Ford Ranger, also include imported units in their sales figures. Notably, out of the 1,766 Xpander units sold in May, 1,629 were imported from Indonesia.
Despite the upcoming preferential registration fee policy for domestically assembled cars expected to take effect next month, the sales momentum is predicted to remain in favor of CBU vehicles.
Currently, popular locally assembled models like the Hyundai Accent, Toyota Vios, and Mazda CX-5 are struggling to regain their growth trajectory, while imported cars such as the Toyota Corolla Cross, Mitsubishi Xforce, Toyota Yaris Cross, Mitsubishi Xpander, and Ford Ranger maintain stable and strong sales performances in the Vietnamese market.
Recommended Reads for Your Next Drive
Our ‘Xe’ section offers a diverse range of captivating book titles to accompany you on your journeys. Whether you’re on a short commute or embarking on a long road trip, these books will keep you entertained and engaged along the way.
[QUICK REVIEW] Toyota Yaris Cross is coming to Vietnam: Putting pressure on Kia Seltos, Hyundai Creta
Positioned right below its “big brother” the Corolla Cross, the Toyota Yaris Cross boasts a fresh design and a range of modern features that are sure to shake up the crowded B-segment SUV market. Competing against formidable contenders such as the Kia Seltos, Hyundai Creta, Honda HR-V, and Mazda CX-30, the Yaris Cross stands out with its sleek design and advanced technology. Get ready to turn heads on the road with this impressive crossover.
MVP Car Sales September 2023: Mitsubishi Xpander Holds “King” Title, Honda BR-V Shines
In September 2023, Honda BR-V and Hyundai Stargazer emerged as the top performers in the MPV segment, experiencing the highest growth rates in Vietnam.
[Mitsubishi Xpander vs Toyota Veloz] Intense Battle – An In-depth Comparison
As we enter 2022, the MPV segment welcomes two extremely appealing newcomers – the Toyota Veloz and the updated facelift version of the Mitsubishi Xpander, which has enjoyed tremendous success over the past 3 years. These two “rivalry players” will be the main characters in the battle for the throne of the affordable 7-seater segment in the Vietnamese market.
[CAR REVIEW] Mitsubishi Xpander 2022: A Genuine Transformation
After a long 300km journey across various terrains: from urban roads, highways, to national and provincial roads, and even mountain passes; the 2022 Mitsubishi Xpander clearly demonstrates the practical strengths of a 7-seater multi-purpose vehicle.
Mitsubishi Xpander maintains its reign, continuing to dominate the MPV segment in September.
According to a report from the Vietnam Automobile Manufacturers Association (VAMA), the sales of Mitsubishi Xpander reached 1,918 units in September 2023.
