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Vietnam auto market: SUV dominance and EV expansion

Updated 5 times since CLSTR started tracking revisions of this situation.

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2026-08-25 07:34 UTC → 2026-08-27 07:51 UTC · added removed

Vietnam auto market: SUV surge, sedan slump, VinFast gains dominance and EV expansion

By mid-2026, Vietnam’s automotive market is undergoing a structural realignment, characterized by a deep shift toward SUVs, crossovers, and MPVs, while sedan sales have plummeted to multi-year lows. In June 2026, sedans accounted for only approximately 7% of total passenger-car volume, prompting manufacturers like Toyota to discontinue long-standing models such as the Corolla Altis. Despite high inventory levels, the market showed growth in July 2026, with total vehicle consumption reaching 59,031 units, an 11.79% increase Data from June. Internal combustion engine (ICE) sales reached 37,250 units, with the top 10 best-selling ICE vehicles consisting entirely first seven months of Japanese and American brands. In this segment, the Toyota Yaris Cross reclaimed the top spot. Aggressive price wars 2026 confirms that high-riding vehicles continue to define the MPV and B-segment SUV sectors. outperform sedans. In the MPV 7-seater body-on-frame SUV segment, the MG G50 MT has set Ford Everest maintains a new benchmark, with incentives potentially lowering its price to 395 commanding lead; after capturing over 81% of July sales, it reached approximately 6,950 units for the first seven months, representing nearly 86% of the segment's total volume. Other notable performers include the Mazda CX-5, which sold nearly 10,000 units in the 900 million VND. Mitsubishi, Toyota, and to 1.1 billion VND price range during this period, alongside the Hyundai are also utilizing registration fee support Tucson, Honda CR-V, and promotional programs for models like the Xpander, Avanza Premio, and Stargazer. In hybrid Toyota Innova Cross HEV. New model launches are also reshaping the B-segment SUV market, Subaru landscape. VinFast is leading reductions with discounts up expected to 258 million VND for begin deliveries of the Crosstrek 2.0 i-S EyeSight e-BOXER Hybrid. New data from July 2026 indicates a shift VF 2 electric vehicle in import dynamics, as Indonesia has overtaken Thailand as Vietnam’s primary source of imported vehicles. Indonesia supplied 12,137 units September, following high demand that saw over 28,000 deposits in July, a 96.7% year-on-year surge driven by small MPVs and urban SUVs. Thailand ranked second with 9,094 vehicles, while China ranked third. Segment-specific dominance just three days. MG is also emerging. In preparing to introduce the 7-seater body-on-frame SUV segment, MG4 Urban EV and a new generation MG ZS. These aggressive new vehicle pricing strategies and heavy discounts are causing volatility in the Ford Everest captured over 81% of July sales. used car sector, forcing dealers to frequently reduce prices on models that previously held high resale value to remain competitive.

Versions

  1. 2026-08-27 07:51 UTC Vietnam auto market: SUV dominance and EV expansion
  2. 2026-08-25 07:34 UTC Vietnam auto market: SUV surge, sedan slump, VinFast gains
  3. 2026-08-21 01:55 UTC Vietnam auto market: SUV surge, sedan slump, VinFast gains
  4. 2026-08-10 11:21 UTC Vietnam auto market: SUV surge, sedan slump, VinFast gains
  5. 2026-08-09 05:02 UTC Vietnam auto market: SUV surge, sedan slump, VinFast gains
  6. 2026-07-26 04:41 UTC Vietnam auto market: SUV surge, sedan slump, VinFast gains

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