Vietnam Used Car Market Outlook to 2025: 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 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)” provides a comprehensive analysis of the Used Car market in Vietnam. The report also covers the overview and genesis, market size in terms of gross transaction value and sales volume, business models, trends and developments, issues and challenges, regulations in Vietnam, snapshot on Vietnam used car auto finance, online auto classified. The report provides value chain and SWOT analysis, Buying decision parameters, competitive scenario and company profiles. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions. Vietnam Used Car Market Overview and Size Vietnam Used Car market in terms of sales volume increased at a double digit CAGR over the review period 2013-2018. The market was observed to be at the early growth stage owing to the faster vehicle replacement rate, reduction in new car launch time, growing middle class population, increasing average ticket size and reduction in import duty on new cars. In Vietnam, people prefer to buy a used car as new ones are expensive and for middle or lower income group people, used cars have become more popular choices. Vietnamese government has also adopted certain strategies to reduce new car prices in the domestic market such as providing a SCT (Special Consumption Tax) rebate on certain automobiles depending on their engine displacement values. This led to intensive competition in the used car market as new car sales are growing at a faster pace vis a viz used car. Vietnam Used Car Market Segmentation By Type of Car: Sedans accounted for highest market share in 2018. Sedans remained the most popular car type as they are perceived as conferring a higher social status. SUV’s accounted the second highest market share followed by Hatchbacks and Cross Type Vehicles (CTV’s). By Vehicle Age: Used cars under the age bracket of 2-4 years accounted for highest market share in 2018 due to the average ownership period of 3.8 years in Vietnam. The sale of used cars is followed by 4-6 years of vehicle age as these cars have heavy body type, better engine capacity (high horse power) and have high re-sale value. By Region: The northern regions accounted for the highest share as this region is prone to floods due to which the average ownership period is usually low and consumers prefer to buy a used car as compared to new cars for ease of replacement. It was followed by the Southern region with the highest population and the remaining market share was captured by the Central region. By Cities: Due to high population and developed infrastructure, Hanoi and Ho Chi Minh City accounted for the highest share in terms of sales volume in 2018. Hai Phong and Da Nang along with other cities contributed the remaining share in total sales volume of used cars in the country. By Price Range: The average ticket size of used cars in Vietnam is growing over the years. The price range of VND 400 Million – VND 600 Million accounted for highest percentage share due the faster replacement rate along with the depreciation charged over the years on new vehicles. By Brand: Japanese and Korean brands are the most preferred brands in Vietnam due to their strong brand preference, reliability, longer life span, and higher re-sale value of the used cars. Toyota dominated the market by accounting highest market share followed by Ford, KIA, Mazda and Honda in terms of sales volume. Other brands such as Mitsubishi and Chevrolet captured the remaining market share of used cars sales volume in 2018. Competitive Landscape Used car market in Vietnam is highly fragmented with presence of more than 1500 -2000 organized and unorganized dealers across all the cities in Vietnam. Organized dealers include Multi Brand Dealership Outlets (Anycar, Viet Han Used Car, Hien Toyota, Hoa Binh Auto and others) and captive dealers such as Thanh Xuan Ford, Mercedes Benz An Du, Hyundai Dong Do and Toyota an Suong. Online Auto-Classifieds has a highly concentrated space with presence of four to five major companies such as Bonbanh, Oto, Carmudi, Choxe, Chotot and others capturing almost 80.0% share. Vietnam Used Car Market Future Outlook In future, it is anticipated that used car sales volume will be fuelled by increasing government initiatives such as EVFTA Agreement and Ban on Motorbikes, growing middle class population, increasing disposable income, increasing car replacement rate and growing customer confidence along with rise in average ticket size of a used car over the years. 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 Key Topics Covered in the Report:- Vietnam Used Car Market Overview and Genesis (Overview and Genesis, Business Cycle Graph) Vietnam Used Car Market Ecosystem Vietnam Used Car Market Value Chain Analysis Vietnam Used Car Market Business Model Used Car Market Size Vietnam Vietnam Used Car Market Segmentation Snapshot of Vietnam Used Car Finance Snapshot of Vietnam Online Used Car Market Buying Decision Parameters in Vietnam Used Car Market Trends and Developments in Vietnam Used Car Market Issues and Challenges in Vietnam Used Car Market Vietnam Used Car Market Regulations SWOT Analysis Vietnam Used Car Vietnam Used Car Market Competition Scenario Vietnam Used Car Market Future Projection, 2018-2025E Future Outlook of Vietnam Used Car Market Segmentations, 2018-2025E Analyst Recommendations 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 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