Vietnam Automobile Sales June 2026 Decline as Hybrid Vehicle Demand Surges

According to the July 10 report released by the Vietnam Automobile Manufacturers Association (VAMA), total automobile sales in Vietnam, including imported vehicles sold by non-VAMA manufacturers, reached 31,104 units in June, representing a 2.7% year-over-year decline. Completely Knocked Down (CKD) vehicles accounted for 12,541 units, while Completely Built-Up (CBU) vehicles totaled 18,563 units, highlighting the continued importance of imported models in the country's automotive market.

VAMA Members Recorded Lower June Sales

Sales by the 20 VAMA member manufacturers declined 5.6% year over year to 24,356 units during June. Passenger car deliveries fell 13.2%, commercial vehicle sales decreased 2.9%, and special-purpose vehicle sales dropped sharply by 88.4%. In contrast, hybrid vehicles recorded exceptional growth, increasing 97.1% to 2,347 units. Battery electric vehicle sales remained limited at just six units during the month.

Leading Automotive Brands Performance in June

Toyota Motor Corp (excluding Lexus) maintained the leading position with 6,494 units sold, increasing 4.5% year over year and capturing a 20.9% market share. Mitsubishi Motors Corp recorded 3,158 units, down 13.8%, while Ford Motor Co sold 2,741 units, declining 34.2%. Thaco Kia delivered 2,675 units, rising 22.9%, followed by Thaco Mazda with 2,361 units, down 18.1%. Thaco Truck reported 2,173 units, decreasing 6.1%, whereas Honda Motor Co Ltd increased sales by 31.5% to 2,002 units.

Vietnam Automotive Sales Summary for June 2026

Market Outlook Remains Positive

Cumulative vehicle sales during the first six months of the year increased 15.2% year over year to 187,833 units. The automotive market in Vietnam is expected to maintain its growth momentum through 2026, supported by new vehicle introductions, broader hybrid and electric vehicle offerings, competitive automotive financing, and sustained consumer demand for SUVs, MPVs, and hybrid models.

Frequently Asked Questions

Why did Vietnam's automobile market decline in June despite strong hybrid growth?
The overall market declined because lower passenger car, commercial vehicle, and special-purpose vehicle sales outweighed the rapid expansion of hybrid vehicle demand. Total vehicle sales fell 2.7% year over year to 31,104 units, while hybrid sales nearly doubled to 2,347 units. Despite the monthly decline, cumulative sales for the first half of the year increased 15.2%, indicating that the market continues to show long-term growth potential supported by new models, favorable financing, and rising consumer interest in hybrid vehicles.