Despite car park stands at 1 million, Laos New Vehicle market counts only 4.000 annual units. However it seems the government is taking the right way to block the import of obsolete pre-owned vehicles. See First half 2014 Data.
Laos is suffering the uncertain policy applied to develop the motorization in the last decade and now the country is experiencing all the negative effect generate by the automotive sector, without taking the benefit of a robust industry.
Indeed in the South Asian country the six million people are driving around 1 million vehicles, 90% of which have been imported during the last decade.
The poor roadway infrastructure is already full of traffic congestion, with high level of pollution, due to the unregulated importation of obsolete cars from neighboring countries and from Japan.
Now, the government is considering re-imposing a vehicle quota system as part of efforts to curb the rising number of vehicles and limit the pollution.
The government abolished the quota system a decade ago, allowing car dealers to import as many vehicles as they can find a market for, creating opportunities for Lao people to access cheaper cars.
In the last decade, the rapid economic growth and the government policy to allow instalment payments for car finance has resulted in a sharp rise in imported vehicle numbers, in particular sedans and pickups, with a predominance of Korean vehicles.
Actually, there are more than a million vehicles in the country despite the population being only 6 million.
In the first half of 2014, the New Light Passenger Vehicles sold in Laos have been 2.132, up 21.7% from the correspondent period last year. It is estimated that the new vehicles share on total imported cars stand at around 10%.
However the new vehicle market is now feed by the government decision to ban the import of second hand vehicles. Officially this decision has been already taken while suspended after many operators claimed for the immediate negative effect on their business.
Below, you can sort our interactive tables to see data regarding Brands. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.
|Rank June||Rank I Half||Brand||June 2014||I Half 2014||June Var. YoY||I Half Var||Share Q1||Share May||Share June||Share I Half|