Market

In November, VinFast delivered an impressive average of over 530 electric vehicles to customers each day across Vietnam.

Porsche has announced a significant reduction in its dealer network in China, with plans to cut around a third of its dealerships by the end of 2026. In what the company terms an "optimization" strategy, the number of Porsche Centers in China will be streamlined to 100, a bold move that underscores Porsche's commitment to efficiency and long-term growth in this crucial market.

"VinFast's collaboration with seven insurance partners, including industry leaders such as PVI, Bao Viet, BIC, VBI, PTI, BSH, and VNI, is a testament to their commitment to providing comprehensive services. This partnership ensures an enhanced experience for customers, offering a seamless blend of automotive excellence and insurance expertise."

Similar to the Hyundai Grand i10, the Toyota Wigo and Kia Morning, both entry-level cars, experienced growth in sales, albeit not as significantly.

In November 2024, both the Hyundai Tucson and Santa Fe experienced a significant surge in sales.

Toyota's November sales figures in Vietnam revealed a lackluster performance, with the Camry being one of the five models from the brand that made it to the top 10 list of the worst-selling cars in the country for that month.

Since its release in the US market in April 2024, the Honda Prologue has achieved cumulative sales of 25,132 units. This impressive feat showcases the vehicle's popularity and strong demand among American consumers. With its sleek design, innovative features, and Honda's renowned reliability, the Prologue has quickly captured the hearts of drivers across the nation. Its success underscores Honda's ability to create vehicles that resonate with modern consumers, combining style, performance, and cutting-edge technology.

The on-the-road price of the MG HS is significantly lower than the listed price by hundreds of millions of Vietnamese Dong.

Zeekr, an electric car manufacturer backed by Geely, has reached a significant milestone with the production of its 400,000th vehicle. From January to November 2024, the company delivered an impressive 194,933 cars, reflecting a remarkable 85% year-on-year growth.

Both Skoda models offer an incredibly attractive incentive package that is hard to beat in their respective segments.