Vietnam Used Car Market Research Report And Market Forecast: 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 How Vietnam Used Car Market is Positioned? Vietnam’s automobile is still an infant industry, with used car market being in early growth stage. Due to underdeveloped infrastructure and high taxes and fees levied on the cars, people in Vietnam prefer to buy a used motor vehicle as there is a high rate of depreciation. For middle or lower income group people, used cars have become more popular choices since the ban on motorbikes were announced in 2017. Owing to relatively high production costs due to high fees on imported parts as well as lack of economies of scale, the vehicle ownership level is much lower in Vietnam as compared to various developed economies such as Thailand and Indonesia. The used car market of Vietnam is highly fragmented with presence of more than ~ dealership outlets. The growth in Vietnam Used Car Market is primarily driven by the growing middle class population, faster car replacement rate and increasing number of government initiatives with respect to free trade agreements and reduction in taxes and import tariffs. The Gross Transaction Value (GTV) from sale of used cars in Vietnam has increased from USD ~ in 2013 to USD ~ in 2018 at a CAGR of ~% during the period 2013-2018. Vietnam used car market in terms of sales volume has increased from sale of ~ units in the year 2013 to the sale of ~ units during the year 2018 largely due to faster replacement period of cars in the market. The increase in number of inspection checks and direct connectivity with the buyer and seller has led to significant growth in sale of used cars in the country. How Vietnam Used Car market Segmented? By Type of Vehicle Sedans accounted for the highest market share in terms of sales volume in the used car market of Vietnam by capturing ~% in the year 2018. Sedans have high average car life and are conferred as a higher social status. Sedans are followed by SUVs in 2018 capturing ~% of total sales in Vietnam used car sales. SUVs have off late become more popular in Vietnam on account of most of the major companies launching stylish and affordable models. MPV’s were the third most preferable vehicle category with ~% market share in terms of sales volume followed by Hatchbacks, CTV’s and other vehicle types such as Micro vans capturing the remaining share. By Vehicle Age Used cars under the age bracket of 2-4years dominated the market share contributing ~% share during the year 2018. The average ownership period in Vietnam is ~ years due to which the age bracket accounted for the highest share. Sale of used vehicles within the age bracket of 4-6 years accounted for ~% share during the year 2018 and cars within the age bracket of 0-2 years accounted for a minimum share of ~% as it usually consists of hatchbacks. Cars sold under the age bracket of more than 6 years declined from ~% in 2013 to ~% in 2018 due to faster replacement period of cars which has improved from ~ years in 2013 to ~ years in 2018. By Region The northern region accounted the highest percentage share in terms of sales volume of ~% during the year 2018 as these regions are prone to flood due to which the average replacement period is higher. It was followed by southern region accounting for ~% of sales volume. This region has the highest middle class population who prefer to buy an affordable used car thus boosting the sale of used car in the region. The remaining share was captured by the Central region where majority of the car rental companies operating in Vietnam are purchasing and renting out used cars. By City Hanoi and Ho Chi Minh City accounted for the highest share of ~% and ~% respectively in terms of sales volume in the year 2018. The high market share was largely due to high population, developed infrastructure and faster replacement period. Hai Phong and Da Nang along with other cities contributed the remaining share in total sales value of used cars in the country owing to the rising infrastructural development and building up of new residential hubs in the region. By Price Range Cars under the price range of VND 400 Million – VND 600 Million accounted the highest sales volume of ~% of the market share among all the price ranges. This is largely due to the affordability of middle class population that prefers buying a used vehicle over a new vehicle. The price range of Less than VND 200 Million captured ~% of the market share and mainly comprises of Hatchbacks, MPVs and Sedans which are generally replaced after 6 years largely due to incapability of purchasing new car at shorter period. It was followed by cars under the age bracket of VND 600 Million – VND 800 Million capturing market share of ~% in the year 2018. The price range of VND 800 Million – VND 1 billion comprises of the luxury cars such as Mercedes Benz and Audi captured the remaining market share of ~% of total sales volume in the year 2018. By Brands Japanese and Korean brands are the most preferred brands in Vietnam due to strong brand preference, reliability, longer life span, and higher re-sale value of the used car. Toyota dominated the market capturing market share of ~% followed by Ford, KIA, Mazda and Honda capturing market share of ~%, ~%, ~% and ~% respectively in terms of sales volume in 2018. The major reasons include the stylish models preferred by the millennial, assurance of car quality, high resale value, convenience in maintenance and services provided and certifications being given by the captive dealer showrooms of these brands. Other brands such as Mitsubishi, Chevrolet and others captured the remaining market share of used cars sales volume in 2018. 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