Vietnam Used Car Market Future Outlook: 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 Vietnamese used car market was found to be in its early stages of development and showed strong growth as a result of rising disposable income, a quicker rate of vehicle replacement, an expanding middle class, an increase in the average ticket size, and expanding government initiatives regarding import tariffs, taxes, and regulations. In Vietnam, many choose to purchase second-hand cars over brand-new ones since the former are more affordable for those in the middle- or lower-income brackets. According to the research report, “Vietnam Used Car Market Outlook to 2025 – By Type of Cars (Sedans, SUV, MPVs, Hatchbacks, CTVs, and Others), By Vehicle Age (0-2 Years, 2-4 Years, 4-6 Years, and more than 6 Years), By Region (North, South, and Central), By Cities (Hanoi, HCMC, Hai Phong, Da Nang, and Others) and By Brand (Toyota, Mazda, Kia, Honda, Ford, Chevrolet, Mitsubishi, and Others)” asserts that the long wait times for new cars and chip shortages have accelerated the demand for used cars, especially since these trends have had a significant impact on Vietnamese consumer behaviour recently. This trend is expected to boost the Vietnam Used Car Market during the forecasted period of 2025. Additionally, the online booking section offers extra tools for keeping track of all the necessary paperwork, the vehicle’s performance, and its service history, which will help Vietnam Used Car Market flourish. The majority of sales were made in the northern areas because of the region’s propensity for flooding, which results in a high average replacement period and a preference among buyers for used vehicles over new ones for ease of replacement. The Southern region with the biggest population came next, and the Central region snatched up the remaining market share. Hanoi and Ho Chi Minh City accounted for the largest proportion in terms of sales volume in 2018 due to their large populations and sophisticated infrastructure. The remaining portion of the country’s total used car sales volume was contributed by Hai Phong, Da Nang, and other cities. Request for Sample Report@ https://bit.ly/3xxTQxG Japanese and Korean brands are the most popular in Vietnam due to their strong brand loyalty, trustworthiness, longer life duration, and better resale value of used cars. In terms of sales volume, Toyota had the largest market share, followed by Ford, KIA, Mazda, and Honda. The remainder of the market for used car sales volume was accounted for in 2018 by other brands like Mitsubishi and Chevrolet. The Vietnam Used Car Industry is highly fragmented into more than 1500 organized and unorganized players. Some of the major organized key players are Hien Toyota, ANycar, Hoa Binh Auto, Viet Han Used Car, and Others. Whereas, the unorganized key players constitute Hyundai Dong Do, Thanh Xuan Ford, Toyota an Suong, and others. With only four to five big businesses present, including Bonbanh, Oto, Carmudi, Choxe, and Chotot, the online auto classifieds market in Vietnam is highly consolidated. These companies account for over 80.0% of the market share. In terms of sales volume, Vietnam used car Sector is anticipated to expand in the future at a double-digit CAGR throughout the forecast period. Future used car sales are expected to be boosted by rising government measures like the EVFTA Agreement and the ban on motorcycles, a growing middle class, rising disposable income, a rising rate of car replacement, and rising consumer confidence. Also, the Vietnamese government has also implemented a number of strategies to lower the cost of new cars on the domestic market, such as offering an SCT (Special Consumption Tax) rebate on a select number of vehicles based on the size of their engines, which has increased competition in the used car market. For more insights on the market intelligence, refer to the link below: – pre-owned vehicles Market Vietnam Related Report by Ken Research: – SEA Used Car Market Outlook to 2026F USA Used Car Market Outlook to 2026 Tags: Bestselling Used Car Models in Vietnam, Chevrolet Vietnam Car Market Revenue, Competition in Vietnam second hand Car Market, Competition in Vietnam Used Car Market, demand for Second Hand Cars in Vietnamlnad, Economy Used Car Sale Vietnam, finance Service Provider in Thaland used car Market, Ford Used car Market Share, foreign players Second hand car market Vietnam, foreign startups in Second hand Car Market Vietnam, Growth of Online Used Car Platforms Vietnam, Hanoi used car sales volume, Hatchbacks Used Car Sale Vietnam, Honda Used Car Market Share in Vietnam, Import Procedure of Used Car in Vietnam, Investment in Used Car Startups Vietnam, Investment Opportunities in Used car Sector in Vietnam, Kia Certified Best Selling Models Vietnam, Major Investors in Vietnam Used Car Market, Major Online Used Car Players in Vietnam, Mitsubishi Vietnam Used Car Market Sales, Multi Brand Organized Used Cae Dealers in Hanoi, Multi Brands Used Car Platforms in Vietnam, Number of Used Car Companies in Vietnam, number of Used Car sold online in Vietnam, Number of Used Cars Sold In Vietnam, Online portals for Used Car Vietnam, Online Used Car Classified Vietnam, Online Used Car Dealers In Vietnam, online used car market Growth in Vietnam, Online Used Car Sales Growth in Vietnam, Opportunity for Used Car Dealers in Vietnam, Pre Owned Vehicles Market Vietnam, Pre-Owned Car Market Vietnam, pre-owned luxury car Market Growth in Hanoi, Region Wise Used Cars Sales Vietnam, Second Hand Car Distributors Vietnam, Second Hand Car Startups Companies in Vietnam, Second Hand Car Trading in Vietnam, Second hand cars sales volume Vietnam, Sedan Used Car Sale Vietnam, SUV Second hand car market size, Top Online Auto-Classifieds Vietnam, Total Volume Sales of Used Car in Vietnam, Toyota Sure Best Selling Models Vietnam, Used Car Associations in Vietnam, Used Car Auction Houses in Vietnam, Used Car Auction market Vietnam, Used Car Dealers in Vietnam, Used Car Dealerships in Vietnam, Used Car Distributors Auction Houses in Vietnam, Used Car Distributors in Vietnam, Used Car Domestic Players Vietnam, Used Car Finance Dealer in Vietnam, Used Car Financing Companies Vietnam, Used Car Foreign Players Vietnam, Used Car Investors & Venture Capital Firms in Vietnam, Used car marketplace in Vietnam, Used car startup in Vietnam, Used Cars Regional Sales Vietnam, used-vehicle sales platform in Vietnam, VC Firms Used car Sector in Vietnam, Vietnam economical cars Market, Vietnam Honda Used Certified Car Market Sales, Vietnam OEM Dealerships Used car Market Share, Vietnam Organized Used Car Market Analysis, Vietnam Second Hand Car Market, Vietnam used car exporting, Vietnam Used Car Industry, Vietnam Used Car Market, Vietnam Used Car Market Competition, Vietnam Used Car Market Finance Companies, Vietnam Used Car Market Major Players, Vietnam Used Car Market Sales, Vietnam Used Car Market Size, Vietnam Used Car Sales Revenue, Vietnam Used Car Sector