Thailand Vehicles Market in October 2023 grows 7.4% with 48,314 new registrations. YTD figures at 566,166 are up 4.0% from the prior year. BYD rises 23 spots into the Top 10.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Groups and top 10 Models.

Vietnamese Vehicles Market in October 2023 falls for the 4th month after growing 7.6% in June, reporting 32,424 sales (-13.6%). YTD figures at 268,759 are down 24.1% from the prior year.

Market Trend and Outlook

The Vietnamese Vehicle Market in October 2023 falls for the 4th month after growing 7.6% in June, reporting 32,424 sales (-13.6%). YTD figures at 268,759 are down 24.1% from the prior year.

Looking at cumulative data up to October 2023 brand-wise, Hyundai gains leadership with 48,608 sales (-24.6%), in front of Toyota at 42,531 (-41.6%), Kia at 31,897 (-39.5%) and Ford -up 3 spots- at 29,548 sales (+51.3%).

Mazda maintains 5th spot with 27,791 registrations (-7.5%), followed by VinFast  at 24,880 (+37.8%), Mitsubishi  at 24,103 (-27.8%) and Honda -down 2 spots- with 17,218 sales (-35.9%).

Suzuki  maintains 9th position with 11,528 (-14.5%) and Isuzu closes the Top 10 with 6,890 sales (-26.8%).

Looking at specific models the Mitsubishi Xpander becomes the best seller despite falling 12.0% in sales, followed by the Hyundai Accent down 26.6%.

Medium-Term Market Trend

In Vietnam the primary vehicle for individual mobility in the motorcycles and not the car. Over 3 million 2-Wheelers are sold each year, while 4-wheeler sales never achieved the half million.

In the last decade, the car and light commercial market boomed, from less than 100K in 2010 to nearly 400K ten years after. The momentum slowed down in 2021 due to the covid driven measures, with volume falling 0.4%. Although the market did slow down, it was not  hit as roughly as other ASEAN countries.

The birth of a local manufacturer – VinFast – fully dedicated to the electric vehicles (both 4 and 2 wheelers) is a stimulus for the traditional manufacturers controlling the market (Japanese and Koreans) and the incentives for EVs from the government will help to boost the electrification process, which is seen faster in Vietnam than in the rest of the region.

The outlook is positive for the next years, driven by expected growth in the pro capita income and by the modernization of road infrastructures. The market is, in fact, already showing positive signs of growth, with sales surging 21.5% to 465,741 in 2022.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

Thailand Auto Market is tracked with the last decade sales figures by all brands and models. You can have access to an Excel Dataset or to a Market Report, including next year’s forecast.

Excel Dataset

We purchase new vehicles registrations for 159 countries worldwide – included this one – from the local official authorities and receive a monthly file with raw data by country.

You can have access to this service:

• Data by Year/Month/Brand/Model/Segment
• Historical data (from 2010 to last month) and/or to monthly sales update.
• Next Year’s Forecast
• Data is released in excel via mail or cloud.

Last 2 years dataset cost €3.000. 

The service cost is correlated with the data perimeter and you will have a customized quotation just contacting us at info@focus2move.com

Market Report

The report provides a comprehensive and complete overview of the market competitive environment including information on the sales volumes of cars and light commercial vehicles, market size, market share, and industry trends.

Through our comprehensive global sales database and the expertise of seasoned consultants in this field, we can help you gain further insight into the automotive market trends and base your business decisions on actionable data.

Table of contents

• Country Overview
  • Geography
  • History
  • People & Politics
• Economic Outlook
  • Economy
  • Infrastructure
• Market Outlook
  • Market Heritage
  • Car Passenger’s segmentation
  • LCVs segmentation
  • Car Passengers Body Type mix
  • LCVs Body Type mix
  • Premium segment share
  • Chinese OEMs share
• Key Players
  • Top selling Groups 2022
  • Top selling Brands 2022
  • Premium Brands
  • Chinese Brands
• Market Data By Model
  • Top selling Models 2022
  • Top models by segment and body type
• Key Factors for market Evolution
  • Country development
  • Economic Outlook
  • Customer base evolution
  • Low-Carbon Transition Policy
  • Infrastructure & Investments
• 2023-2028 Volume Forecast
  • TIV evolution by segment
  • Cars and LCVs forecast
  • Segments forecast
  • Premium segment share forecast
  • Chinese OEMs share forecast
  • Forecast by Manufacturer

Price for market research: €2,500

Price for market research + Last 2 Years dataset in excel: €4,000

For further inquiries contact us at info@focus2move.com

Thailand Best Selling Car ranking up to May 2023 sees the Isuzu D-Max still as market leader (-12.4%), while the Toyota Yaris Ativ enters the podium rising 6 spots and 147.9% in sales.

In the following article we are going to analyze the best selling cars in Thailand considering data up to May 2023.

The Thai Automotive industry is still the global hub for mid size pick ups, being the type of vehicle preferred by locals in years. This trend is confirmed by the Isuzu D-Max leading the rankings with 69,368 cumulative registrations (-12.4%), followed closely by the Toyota Hillux with 56,117 sales (-16.5%). 

The passenger car Toyota Yaris Ativ rises 6 spots into 3rd reporting 25,861 sales (+147.9%), followed by the Honda City at 22,224 (-8.5%) and the Ford Ranger with 14,480 units sold (+8.1%).

In 6th place the Toyota Fortuner with 13,477 sales (+3.1%) ahead of the Toyota Corolla with 11,720 registrations (-4.5%) and the Isuzu Mu-x -up 4 spots- with 11,349 units sod(+39.8%).

The Honda CR-V jumps 4 spots into 9th with 11,243 sales(+76.2%) and in 10th place the BYD Atto 3 rises 139 spots with 9,310 units sold.

Tables with sales figures

In the tables below we report sales for top 50 models.

Myanmar Auto Market is tracked with the last decade sales figures by all brands and models. You can have access to an Excel Dataset or to a Market Report, including next year’s forecast.

Excel Dataset

We purchase new vehicles registrations for 159 countries worldwide – included this one – from the local official authorities and receive a monthly file with raw data by country.

You can have access to this service:

• Data by Year/Month/Brand/Model/Segment
• Historical data (from 2010 to last month) and/or to monthly sales update.
• Next Year’s Forecast
• Data is released in excel via mail or cloud.

Last 2 years dataset cost €3.000. 

The service cost is correlated with the data perimeter and you will have a customized quotation just contacting us at info@focus2move.com

Market Report

The report provides a comprehensive and complete overview of the market competitive environment including information on the sales volumes of cars and light commercial vehicles, market size, market share, and industry trends.

Through our comprehensive global sales database and the expertise of seasoned consultants in this field, we can help you gain further insight into the automotive market trends and base your business decisions on actionable data.

Table of contents

• Country Overview
  • Geography
  • History
  • People & Politics
• Economic Outlook
  • Economy
  • Infrastructure
• Market Outlook
  • Market Heritage
  • Car Passenger’s segmentation
  • LCVs segmentation
  • Car Passengers Body Type mix
  • LCVs Body Type mix
  • Premium segment share
  • Chinese OEMs share
• Key Players
  • Top selling Groups 2022
  • Top selling Brands 2022
  • Premium Brands
  • Chinese Brands
• Market Data By Model
  • Top selling Models 2022
  • Top models by segment and body type
• Key Factors for market Evolution
  • Country development
  • Economic Outlook
  • Customer base evolution
  • Low-Carbon Transition Policy
  • Infrastructure & Investments
• 2023-2028 Volume Forecast
  • TIV evolution by segment
  • Cars and LCVs forecast
  • Segments forecast
  • Premium segment share forecast
  • Chinese OEMs share forecast
  • Forecast by Manufacturer

Price for market research: €2,500

Price for market research + Last 2 Years dataset in excel: €4,000

For further inquiries contact us at info@focus2move.com

Vietnamese Vehicles Market in 2022 totals 433,970 sales (+23.9%), setting a new all-time high. December falls for the second month in a row, reporting 42,474 new registrations (-21.0%). VinFast Loses 35.8%.

Market Trend and Outlook

The automotive industry was hit by a sharp lockdown due to covid spread in the third quarter 2021, with sales collapsing compared with the normal trend. This being said, in the third quarter 2022 sales went back to their normality and the y/y huge growth should not be considered as a trend, but a uniqueness.

Final data from 2022 shows the Vietnamese Vehicles Market hitting a new all-time high at 433,970 sales, a 23.9% increase from the prior year. Despite posting an overall uptrend the year comes to an end with December falling for the second month in a row, with new registrations at 42,474 (-21.0%).

Looking at cumulative data from 2022 brand-wise, Toyota becomes the new leader with 91,115 sales (+34.9%), overtaking Hyundai at 81,580 (+15.7%) followed by Kia at 60,729 (+33.4%) and Mitsubishi at 39,861 sales (+46.3%).

Mazda rises a spot into 5th with 36,052 registrations (+32.1%), followed by Honda -up 2 spots- at 30,637 (+42.2%), Ford  at 28,487 (+21.7%) and VinFast -down 4 spots- with 22,924 sales (-35.8%).

Suzuki remains in 9th position with 16,209 (+18.0%) and Isuzu closes the Top 10 with 11,108 sales (+25.4%).

Medium-Term Market Trend

In Vietnam the primary vehicle for individual mobility in the motorcycles and not the car. Over 3 million 2-Wheelers are sold each year, while 4-wheeler sales never achieved the half million.

In the last decade, the car and light commercial market grew up, from less than 100K in 2010 to near 400K ten year after. The growth speed was breaked by covid measures, considering the pandemic did not found space in the country. However, several lock downs have shifted production and sales across the last 2 years, but have not hit the market as happened in other ASEAN countries.

The born of a local manufacturer – VinFast – fully dedicated to the electric vehicles (both 4 and 2 wheelers) is a stimulus for the traditional manufacturers controlling the market (Japanese and Koreans) and the incentives for EVs from the government will help to boost the electrification process, which is seen faster in Vietnam than in the rest of the region.

The outlook is positive for the next years, driven by expected growth in the pro capita income and by the modernization of road infrastructures.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

Thailand Best Selling Car ranking in 2022 lead for the third year in a row by the local made Isuzu D-Max, ahead at the arch-rival Toyota Hilux. The car passenger segment is growing with the top model ranking in third, the Honda City.

Thai Automotive industry is still the global hub for mid size pick ups, being the type of vehicle preferred by locals in years.

This trend is confirmed by the Isuzu D-Max leading the rankings in 2022 with 178,407 cumulative registrations (+19.7%), followed closely by the Toyota Hillux with 142,578 sales (+9.0%). 

In third place the first car passenger, the Honda City with 45,791 sales (+7.8%), followed by the Ford Ranger with 28,689 (+6.9%) and the Toyota Yaris with 28,157 sales (+10.1%).

In 6th place the Toyota Corolla with 27,414 sales (+10.3%) ahead of the Toyota Fortuner with 26,869 (+20.6%) and the Toyota Yaris Ativ with 26,394 (+34.6%).

In 9th place the Mitsubishi Triton with 21,168 (-5.4%) and in 10th place the Isuzu MU-X with 19,029 units (+23.3%).

Tables with sales figures

In the tables below we report sales for top 50 models.

Thailand Vehicles Market in 2022 totals 628,423 sales, a 10.8% growth from the prior year. December with 36,144 new registrations (+4.2%) marks the 11th consecutive increase of the year.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Groups and top 10 Models.

Vietnam’s vehicle market in 2021 falls 0.4% with 383,259 sales, reporting a very strong first half, followed by a double-digit fall in the second part of the year. VinFast reports the best performance, rising 54.4%.

Market Trend

The Vietnamese car market this year attempted to recover from the pandemic crash of 2020 and reported a very promising performance in the first half, followed by another double-digit fall.

The market has scored an impressive series of all-time records ending 2016 with more than double compared to 2012. However, in 2017 the market scored the first break after years, down 12.6%.

In 2018, the market started immediately to recover, signing an 11.1% growth, while in 2019 it kept surging by 14.3%.

Sales in 2020 have grown by 8% despite the COVID-19 pandemic. In fact, 384,934 units have been sold.

In 2021 the year started positively for the Vietnamese market, in fact, in Q1 88,950 units have been sold, reporting a 40% increase in sales compared to Q1 2020, and in Q2 sales kept growing in double-digits, reporting a 39.1% increase in sales with 96,373 units due to the very low volumes in Q2 2020.

In Q3 sales started dropping quickly, losing 43.9% with 54,372 units, and in Q4 sales kept falling 7.5% with 143,564 units.

Indeed, Full-Year sales for 2021 have been 383,259, reporting a 0.4% decrease compared to 2020.

Brand-wise, this year the leader Hyundai (-8.8%) lost 1.7% market share, followed by Toyota (-4.5%), which lost 0.7% share. Kia on the other hand gained 1.7% share and rose 16.2%.  VinFast reached 4th place and reported the best performance by gaining 54.4%, followed by Mazda -down 1 spot- which lost 15.3% reporting the worst performance.

Mitsubishi -down 1 spot- lost 5.9%, followed by Ford (-3.9%) and Thaco -down 2 spots- losing 6%. Closing the leaderboard we have Honda losing 11.1% and Suzuki which lost 5.4%.

The most sold vehicle this year is the Vinfast Fadil (+70.2%) with 23,147 units sold, followed by the Hyundai Accent, which lost 3.9% registering 19,956 new sales this year. The Toyota Vios (-33.3%) closes the podium and reports 19,934 new units sold.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

Thailand’s vehicle market in 2021 falls by just 0.2% with 734,372 sales, reporting a positive performance only in Q2, followed by a double-digit fall in the second part of the year. Toyota remains the undiscussed leader, holding over 40% market share.

Market Trend

Thailand’s car market this year attempted ineffectively to recover from the pandemic crash of 2020 and after a neutral performance in Q1 reported positive performance only in Q2 due to the very low levels reached in Q2 2020, in the second half sales remained down in double-digits.

Crucial for the country and producing over 1 million vehicles per year, the vehicle market started coming out from a really harsh period in 2017.

Indeed a “crazy” government incentive run in 2012 had generated a big bubble of sales with doubling 2012 sales at the record volume of 1.43 million (including HCVs) followed by a fall to a minimum of 768,000 units in 2016, more or less the same level of 2011. Recovery started in 2017 when the market was positively impacted by the possibility, after 5 years of ownership, to re-sell vehicles purchased during the “first car buyers” 2012 incentive campaign.

The market grew 13.4% in 2017 with 871,644 units, holding the impressive pace also in 2018, with sales at 1,041,739 (+19.5%). In 2019, according to data released by the Thai Automotive Industry Association, the market has pushed the breaks, reporting a flat performance with total sales at 1,040,123 (-0.2%).

Sales in 2020 have fallen by 25.9% due to the COVID-19 pandemic. In fact, 771,141 units have been sold.

In 2021 the year started almost flat for the Thai market, in fact, in Q1 233,668 units have been sold, reporting a 0.8% decrease in sales compared to Q1 2020, while in Q2 sales started growing quickly, reporting a 33.5% increase in sales with 195,838 units due to the incredibly low volumes in Q2 2020.

In Q3 sales started dropping in double-digits again, losing 12.3% sales with 156,868 units, and in Q4 sales fell 15.3% with 147,998 units.

Indeed, Full-Year sales for 2021 have been 734,372, reporting a 0.2% decrease compared to 2019.

Brand-wise, this year the leader Toyota (+3.2%) gained 3.3% market share, followed by Honda (-12.2%), which lost 1.3% share. Mitsubishi lost 0.8% share, falling 12.5%.  Mazda reached 4th place (-10%), followed by Nissan -down 1 spot- which fell 23.4%.

Ford gained 8.4%, followed by MG which rose 13.9% and reported the best performance, and Suzuki which gained 1.5%. Closing the leaderboard we have BMW -up 1 spot- losing 6.1% this year and Mercedes -down 1 spot- losing 17.1%.

The most sold vehicle this year remains the Isuzu D-Max (+14.5%) with 149,104 units sold, followed by the Toyota Hilux, which gained 4.6% registering 130,855 new sales this year. The Honda City (+40.6%) closes the podium by jumping 1 spot and reports 42,485 new units sold.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Groups and top 10 Models.