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Update news vietnam's automobile market
Buying a new McLaren in Vietnam has become considerably more expensive, with prices rising by up to about 24% in the latest adjustment and the costliest model nearing $1.2 million.
The supply of new vehicles to Vietnam’s auto market remained relatively high in August. While domestic production and assembly increased, imports reversed course with a sharp decline.
Hyundai and KIA were once among the most favored auto brands in Vietnam, celebrated for eye-catching designs, rich equipment lists, and competitive pricing. However, several models that were once market "stars" are steadily losing their appeal.
Vietnam imported 148,696 cars worth $3.46 billion in the first seven months of 2026, with Indonesia leading by volume and China by value.
The rapid rise of Chinese carmakers in Vietnam is putting growing pressure on the country’s automotive industry, reshaping competition over prices, technology and production as the market shifts from imported vehicles towards local manufacturing.
Deep discounts on new cars are squeezing Vietnam’s used-car market, forcing dealers to offer warranties and other perks as buyers hold out for even lower prices.
Vietnamese consumers bought 33,707 vehicles in July, lifting market sales 8% from June and 6% from a year earlier.
A six-month restoration and a worldwide search for rare parts brought a 1995 Toyota Land Cruiser LC80 back to life in Vietnam.
With only a few days remaining before the seventh lunar month (Ghost Month), Vietnam's auto market has unexpectedly heated up as automakers and dealers launch a nationwide price war.
Vietnam's automotive market continued to expand in the first half of 2026, with VinFast extending its dominance and traditional global brands facing intensifying competition.
It is not just stagnant models that need promotions to clear inventory; many top-selling names in the B-SUV segment such as Toyota Yaris Cross, Hyundai Creta, Mitsubishi Xforce, and KIA Seltos are not staying out of the price drop race either.
Vietnam's auto market recorded a sharp increase in vehicle recalls during the first half of 2026, with Hyundai, Mitsubishi, Ford and Toyota accounting for the largest campaigns.
Vietnam's auto market grew 15% in the first half of 2026, while June sales rebounded modestly after two consecutive months of decline, according to the Vietnam Automobile Manufacturers' Association.
A global airbag defect associated with at least 40 deaths continues to affect thousands of vehicles in Vietnam, prompting a renewed safety warning.
Vietnam’s electric vehicle (EV) market has entered a strong growth phase, with nearly 375,000 EVs (excluding motorbikes) on roads nationwide as of the end of May, according to the Ministry of Construction.
The number of new vehicles entering Vietnam's automotive market reached a record high in June, with domestically manufactured cars continuing to outnumber imported vehicles by a wide margin.
Plunging sales, discontinued models, and growing pressure from the rise of high-riding vehicles all point to an undeniable reality: Vietnamese consumers are gradually turning away from C-segment sedans.
Hybrid vehicle sales in Vietnam nearly doubled in the first five months of 2026 as consumers embrace fuel-saving technology.
Vietnam's automobile market continued to show signs of cooling in May, even as manufacturers and dealerships rolled out a series of aggressive discount campaigns aimed at stimulating demand.
The price of many used cars have dropped by tens of millions of VND, yet purchasing power remains weak. Sellers report that caution surrounding costs and changes in fuel usage continue to keep the market sluggish.