Laos vehicles sales in 2020 are back on a negative pathway. Indeed, in January sales have been 1.106, down 27.9% from the previous year. Toyota – the market leader since 2016 – currently holds over 40% of share, followed by the local brand Daehan and Hyundai.
Laos vehicles sales in the 2019 the market is finally moderately recovering with sales at 21.078 units, up 7.7%. The car passenger segment, which count 31% of the total light vehicles market, declined 7.2%, but this lost was more than balanced by the growth of the LCVs (mainly pickups) Toyota holds the crown with 37.5% of share, followed by Daehan, which is recovering from the previous years’ decline.
Lao vehicles sales were negative again in the 2018 as in the previous three years, mainly due to the fall of HCVs and the over 50% sales lost by the local producer, Daeham. Toyota dominates with over 40% of market share. The 2019-2025 outlook is positive.
Laos Vehicles Market in the 2017 lost in double-digit. Following the too fast development of the last five years, the consumer demand declined and the domestic brand, Daeham, started struggling. Toyota is again market leader with share over 20%.
Laos Auto Market 2016 hit again a new all time record despite the slowdown reported in the second half of the year. Launching the first pickup of its history, local maker Daeham led the market, ahead of Toyota.
Laos Vehicles Market in 2015 took off driven by demand for commercial vehicles. The new brand Daehan was the best seller thanks to a local made low-cost line-up specialized in CVs. Toyota Hilux was the best model.
Laos automotive industry is still very little and young with over 90 percent of vehicles sold in 2013 represented by imported used vehicles. However, the market is considered one of the fast growing in the next decade pushed by burning economy.