Market

The B-segment SUV market witnessed a stagnant performance in May, with only three models registering growth while the rest experienced a decline in sales.

As a Toyota Yaris Cross owner, you're part of an exclusive club. This sleek and stylish ride is a fully imported car, which means it's an elite member of the automotive world. Unfortunately, this also means that you won't be able to take advantage of the government's 50% discount on registration fees. But that's a small price to pay for owning a car that's in a league of its own. The Yaris Cross is a head-turner, a conversation starter, and a statement of your exquisite taste. It's more than just a car; it's an experience. So, embrace the uniqueness of your ride and enjoy the envy of those who admire it from afar.

The joint venture distributor for the OMODA and JAECOO vehicle brands has revealed ambitious plans for expansion. With a target of 20 state-of-the-art 3S dealerships to be opened in 2024, and a further increase to 30 dealerships by 2025, the company is set to make a significant impact on the automotive market.

In its very first month of sales, the Toyota Hilux 2024 model has soared to the second position in its segment, with an impressive 308 units sold, outperforming the Mitsubishi Triton.

"The anticipation surrounding the arrival of the Ferrari 12-cylinder supercar in Vietnam has reached a fever pitch. Coffee kingpin, Dang Le Nguyen Vu, is poised to make a decision on purchasing the coveted vehicle, as soon the price is revealed for the Vietnamese market. Ferrari Vietnam has confirmed that two units of the car will be making their way to the country, and local tycoon, Cuong "Dollar", has also expressed interest in acquiring one. The question on everyone's lips is: who will be the proud owner of this automotive masterpiece?"

The one-of-a-kind Mercedes-AMG GT Roadster, a stunning sports car with a retractable roof, has found a new home in Ho Chi Minh City. Previously residing in a showroom in Danang, this exceptional vehicle has now been acquired by a renowned pre-owned car dealership. With a price tag of 7.3 billion VND, this sleek and powerful machine is sure to turn heads and provide an unparalleled driving experience.

With a staggering $2 billion investment in the fledgling electric vehicle manufacturer VinFast, Phạm Nhật Voung exudes an air of serene confidence. His ambition is to leave behind a green legacy. The Vingroup chairman emphasizes that the aggressive push behind VinFast is to elevate Vietnam's manufacturing sector onto the world stage. VinFast, he asserts, is more than just a business venture; it's a passion project. The company is focused on producing reasonably priced vehicles that offer true value, steering clear of the budget end of the market.

In the MPV segment, most models continue to see a decline in sales, with the Mitsubishi Xpander being a notable exception. This versatile vehicle has bucked the trend and captured the attention of consumers, becoming a shining star in an otherwise lackluster market.

The Kia K3 witnessed a boost in sales during May 2024, in contrast to the Mazda3, which experienced a decline in the same period.

Jaguar Land Rover is taking its plug-in hybrid (PHEV) and battery electric vehicles (BEV) to the next level, with plans to develop these models based on a platform crafted by Chery. This strategic move underscores the brand's commitment to innovation and sustainability, as it gears up to offer customers an enhanced driving experience that's both environmentally conscious and technologically advanced.