Vietnam March 2018: Toyota Vios and Innova top market down 21%

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The Vietnamese new car market sinks a harsh 21% year-on-year in March to 21.1287 registrations, pulling the year-to-date tally in negative at -8% to 59.558 units. Thaco-Kia remains the most popular manufacturer in the country despite a 16% decline to 28.9% and solely thanks to its heavy truck lineup accounting for 62% of its March sales. Toyota (-4%) comes in 2nd place at 21.3% share ahead of Mazda (-3%) while Ford crumbles 24% to 9% share. Isuzu (+16%), Honda (+24%), Suzuki (+343%) and Peugeot (+1352%) go agains the grain with splendid gains. The Toyota Vios (+58%) continues to dominate the models ranking, widening the gap with the rest of the market thanks to very dynamic year-on-year gains. It is followed this month by the Toyota Innova (+33%) and Kia Morning (-13%) while the Honda City leaps up 23% to #4 and the Kia Cerato is up 92% to #5. The Honda Jazz lands at #35.