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 Auto Market in First Half 2016 hit record sales and production. The market is dominated by Toyota and Daeham while the most of new vehicles registered are commercial.
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 domestic market declined in the first half 2015 while Chery has taken leadership thanks to a strong contract with government. Just announced the build of a direct railways with China.
Laos Car Market boomed in the 2014 thanks to the new limits and duties at the pre-owned vehicles import. In the second half of the year, grey market collapsed focusing demand on ne vehicles. Toyota and Hyundai fight for leadership.
Despite car park stands at 1 million, Laos New Vehicle market counts only 4 thousands 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 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.