According to a report by the Vietnam Automobile Manufacturers’ Association (VAMA), the Vietnamese automobile market continued to thrive in July, with a 9% increase in sales compared to June and a 17% surge from the same period last year.
The B-segment SUV market remained the hottest segment, with most models recording growth in July, resulting in a tight race for sales leadership.
|
Rank |
Model |
|
|
|
|
| 1 |
|
1,748 | 948 | 84% | 5,638 |
| 2 |
|
1,242 | 811 | 53% | 4,992 |
| 3 |
|
686 | 686 | 0% | 3,500 |
| 4 |
|
682 | 237 | 188% | 3,116 |
| 5 |
|
671 | 661 | 2% | 2,699 |
| 6 |
|
526 | 587 | -10% | 3,133 |
| 7 |
|
262 | 190 | 38% | 1,265 |
| 8 |
|
130 | 92 | 41% | 804 |
Leading the segment are the Mitsubishi Xforce and Toyota Yaris Cross, with sales figures of 1,748 and 1,242 units, respectively. Mitsubishi’s newcomer outperforms not only in monthly sales but also in cumulative sales since the beginning of the year, with 5,638 units compared to 4,992 for the Yaris Cross.
The Xforce has become Mitsubishi’s new mainstay alongside the Xpander.
Notably, the Xforce has only been delivering vehicles since the third month, making its rise to the top of the segment even more impressive. Mitsubishi’s newcomer is highly regarded for its youthful and robust design, ample features, and, most importantly, its attractive pricing ranging from VND 599 million to VND 705 million.
In the middle group, South Korean models are showing signs of lagging behind their Japanese competitors. This is evident as the Hyundai Creta (686 units) and Kia Seltos (526 units) are the only models in the segment with stagnant sales.
Meanwhile, the Honda HR-V (682 units) recorded an impressive 188% growth, but this surge is attributed to extremely low sales in the previous month. The Toyota Corolla Cross (671 units) saw a slight 2% increase, which is not substantial enough to propel it to a higher position.
The Honda HR-V has the highest price in the segment, ranging from VND 699 million to VND 871 million, making its sales dependent on the manufacturer’s promotional programs.
As usual, the Mazda CX-3 and CX-30 bring up the rear, with sales figures of 262 and 130 units, respectively. Notably, the Mazda CX-30 is the only B-segment SUV with cumulative sales of less than 1,000 units since the beginning of the year, translating to an average monthly delivery of just over 110 units.
The B-segment SUV market is expected to heat up even further in the remaining months of 2024 with the introduction of the Lynk & Co 06 in June, alongside other Chinese entrants like the Omoda C5 and Haval Jolion, which are set to enter the Vietnamese market.
Moreover, Subaru dealerships in Vietnam have announced their plans to introduce the Crosstrek, adding another contender to the segment. In the near future, the B-segment SUV market in Vietnam will welcome at least three new models.
The intensifying competition in the already crowded B-segment SUV market will drive manufacturers to step up their game. Ultimately, customers will benefit from a wider range of options and more attractive pricing as manufacturers vie for market share and sales leadership.
Chinese car manufacturer to launch new SUV in Vietnam: Starting at 350 million VND, comparable to Seltos, VF 6
The BYD Yuan UP is the latest electric car model from the Chinese brand and is expected to become their best-selling model.
Honda offers big discounts on SUVs and sedans in Vietnam: City and CR-V have the highest reduction of nearly 90 million, aiming to boost sales at the beginning of 2024.
Honda Vietnam’s range of SUVs and sedans are now being offered with a simultaneous 50-100% reduction in registration fees. In addition, selected models are eligible for an additional cash rebate of 30 million VND. This is an amazing opportunity for customers to save money while owning a top-quality vehicle from Honda Vietnam. Don’t miss out on this special offer!
Hot Car Models on Sale, with Up to 140 Million VND Discount after the Lunar New Year Holiday
This is considered a good time to upgrade to a new car, as many Honda, Suzuki, and Toyota models are being offered with incentives and reduced registration fees. It’s an opportunity to get behind the wheel of a brand new vehicle and take advantage of the latest technology, safety features, and improved fuel efficiency. Whether you’re looking for a compact car, SUV, or pickup truck, there are plenty of options to choose from. Don’t miss out on this chance to drive a new car that fits your style and budget. Visit your local dealership today and take advantage of these special offers before they expire.
Few car models experience increased sales despite overall market decline by nearly 30% in the past year
All the cars mentioned above have one notable thing in common – they are all SUVs.
Chinese brand launching in Vietnam with incredible service and unbeatable policies causing many auto repair shops to lose customers
The Chinese car company has implemented a special policy to ensure that customers are not inconvenienced by long repair times.
