Vietnam Used Car Market will be driven by Improvement in Car Replacement Rate and Increasing presence of Online Platforms: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “Introduction of government policies (Reduction of SCT, ATIGA and VKFTA) coupled with rising number of inspection checks performed before selling a used car have driven the Vietnam Used Car Market”. The report titled “Vietnam Used Car Market Outlook to 2025 – By Type (Sedans, SUV’s, MPVs, Hatchbacks, CTVs and Others), By Vehicle Age (0-2 Years, 2-4 Years, 4-6 Years and more than 6 Years), By Cities (Hanoi, HCMC, Hai Phong, Da Nang and Others) and By Brand (Toyota, Mazda, Kia, Honda, Ford, Chevrolet, Mitsubishi and Others)” by Ken Research suggested that the Vietnam Used Car Market has been increasing due to increasing middle class population coupled with faster car replacement period and introduction of government policies such as EVFTA and Ban on Motorbikes. The market is expected to register a positive CAGR of 11.2% in terms of sales volume during the forecast period 2018-2025E. Reduction of Special Consumption Tax (SCT): The Vietnamese government in the year 2018 reduced SCT on vehicles with an engine size of 2.0 litres or less by 5%. Moreover, according to the ASEAN Trade in Goods Agreement, the government has also reduced the import tariffs from 50% to 35% in 2015 which further reduced to 20% in 2016 and 10% in 2017. In the year 2018, it was bought down to 0% which boosted the sale of used cars in the country. Increasing Replacement Rate: The replacement rate of used vehicle in Vietnam is growing over the years largely due to the high resale value a seller gets on replacing a vehicle between 2-4 years of vehicle age. The dealership outlets keep replacing the cars with the fast moving models so as to ensure higher margins on the sale of such cars. Strong Presence of Online Platforms: The use of social media platforms such as Facebook Marketplace along with online auto classifieds portals in Vietnam such as Oto and Carmudi have provided high user convenience to the buyers who are looking forward to purchase a used car as it provides the detailed description of all the listed used cars. The online medium drastically reduced the customer acquisition cost and increased the transparency which marked a level of trust and confidence thus increasing the sale of used cars in the country. Key Segments Covered:- By Type of Vehicle Sedans SUV’s MPVs Hatchbacks Cross Type Vehicles (CTVs) Others By Vehicle Age 0-2 Years 2-4 Years 4-6 Years More than 6 Years By Region North South Central By Cities Hanoi HCMC Hai Phong Da Nang Others By Price Less Than VND 200 Million VND 200 Million – VND 400 Million VND 400 Million – VND 600 Million VND 600 Million – VND 800 Million More Than VND 800 Million By Brand Toyota Mazda Ford Kia Honda Chevrolet Mitsubishi Others Key Target Audience:- OEM’S Companies Multi Brand Dealers Captive Dealers Venture Capitalist Firms Government/ Regulatory Authorities Online Auto-Classifieds Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2019E-2025E Companies Covered:- Major Online Players in Vietnam:- Bonbanh Oto Carmudi Choxe Chotot Major Captive Dealers:- Than Xuan Ford Mercedes Benz An Du Hyundai Dong Do Toyota An Suong Multi-Brand Dealers Anycar Viet Han Used Car Hien Toyota Hoa Binh Auto For more information, refer to below link:- Vietnam Used Car Market Related Reports:- China Used Vehicle Market Outlook to 2022 – by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle Indonesia Used Car Market Outlook to 2023 – Rising Popularity of Online Platforms and Reduction in Average Ownership Period to Drive Used Car Sales Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Anycar Market Sales Vietnam, Bán hàng C2C Thị trường ô tô đã qua sử dụng Việt Nam, Bán hàng xe hơi Việt Nam B2C, Best Selling Used Cars in Vietnam, Bonbanh Used Car Market Sales Vietnam, C2C Sales Used Car Market Vietnam, Car Replacement Rate Vietnam, Carmudi Used Car Market Shares Vietnam, Chevrolet Used Car Market Sales Vietnam, Chợ ô tô Việt Nam, Chợ xe cũ Việt Nam, Chotot Used Car Market Size Vietnam, Choxe Used Car Market Revenue Vietnam, Cổ phiếu thị trường xe hơi đã qua sử dụng của Mercedes Benz An Du, Doanh thu ô tô đã qua sử dụng của Toyota Việt Nam, Ford Used Car Market Size Vietnam, Hien Toyota Used Car Market, Hoa Binh Auto Used Car Market, Honda Used Car Market Shares Vietnam, Hyundai Dong Do Used Car Market Shares, Hyundai Dong Do Used Car Market Size, Industry Research Report Of Vietnam Used Car, Kia Used Car Market Revenue Vietnam, Major Players Vietnam Used Car Dealers, Market Research Report Of Vietnam Used Car, Market Share Used Car Dealers Vietnam, Mercedes Benz An Du Used Car Market Shares, Mitsubishi Used Car Market Sales Vietnam, Number of Used Cars in Vietnam, Oto Used Cars Sales Revenue Vietnam, Pre Owned Car Market Sales Vietnam, Pre Owned Vehicles Market Vietnam, Second Hand Car Transaction Value Vietnam, Than Xuan Ford Used Car Market Revenue, Thị phần ô tô đã qua sử dụng Hải Phòng, Toyota An Suong Used Car Market Size, Toyota Used Car Revenue Vietnam, Used Car Captive Dealers Vietnam, Used Car Finance Market Vietnam, Used Car Industry In Vietnam, Used Car Market In Vietnam, Used Car Market Sales Revenue Vietnam, Used Car Market Size Mazda Vietnam, Used Car Online Dealers Vietnam, Used Car Warranty Vietnam, Used Cars Market Revenue Hanoi, Used Cars Market Sales HCMC, Used Cars Market Shares Hai Phong, Used Cars Market Size Da Nang, Used Passenger Vehicle Sales Vietnam, Used to New Car Ratio Vietnam, Viet Han Used Car Market Sales Revenue, Vietnam B2C Sales Used Car Market, Vietnam Car Ownership Period, Vietnam CTV Used Car Market, Vietnam Hatchbacks Used Car Market, Vietnam MPV Used Car Market, Vietnam Multi Brand Dealers Market, Vietnam Pre Owned Car Market, Vietnam Second Hand Car Market, Vietnam Second Hand Car Market Sales, Vietnam Sedans Used Car Market, Vietnam SUV Used Car Market, Vietnam Used Car Industry, Vietnam Used Car Industry Research Report, Vietnam Used Car Market, Vietnam Used Car Market Analysis, Vietnam Used Car Market Average Price, Vietnam Used Car Market Competition, Vietnam Used Car Market Future Outlook, Vietnam Used Car Market Growth, Vietnam Used Car Market Major Players, Vietnam Used Car Market Research Report, Vietnam Used Car Market Revenue, Vietnam Used Car Market Shares, Vietnam Used Car Market Size, Vietnam Used Car Market Trends, Vietnam Used Car Registration Process