Vietnam Used Car Market Future Outlook: Ken Research 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,… Read More »
Used Car Platforms in SEA region are expanding their digital presence to increase online visibility among consumers: Ken Research July 2022 | South-East Asia News Key Findings With large number of consumers preferring to own a private vehicle pertaining to the after-effects of Covid-19, the used to new car ratio is consistently improving in SEA region. Consumers are shifting away from traditional methods and adopting online platforms more frequently for their used car buying… Read More »
Vietnam Used Car Market is expected to expand at a CAGR of ~10.6% in terms of Gross Transaction Value in between 2021-2026: Ken Research Government initiatives to ban motorbikes by 2030 and improved road condition to curb traffic congestion will act as a catalyst for the shift in consumer preference from two wheelers to four wheelers. The preference towards used vehicles is expected to surge rapidly due to its lower price compared to their newer counterparts which is favorable… Read More »
Vietnam Used Car Market Size, Share 2021: Research by Business Analysis, Growing CAGR of XX% Growth Strategy, Industry Trends and Forecast to 2026: Ken Research Overview of Vietnam Used Car Industry and Market Size The report “Vietnam Used Car Market Outlook to 2026: Driven by growing disposable income and shifting consumer preference from two-wheelers to four-wheelers” was valued at USD ~XX billion in 2021, contracting at a CAGR of XX% in between 2015 and 2021 on the basis of gross… Read More »
Fast growing middle class population, government regulation on motorbikes and affordability of used vehicles will contribute to the growth of used car industry, despite slowdown post-2018: Ken Research Buy Now Import Tax Reduction and Free Trade Agreements In order to support the growth of automotive industry in motorcycle dominated Vietnam, the government, post 2018, has implemented policies and regulations for the reduction of new car prices. Import tax reduction to 0% for automotive parts and components from ASEAN region to free trade agreements… Read More »
Vietnam Used Car Market Outlook to 2026 (Second Edition): Ken Research Buy Now The publication titled ‘Vietnam Used Car Market Outlook to 2026 (Second Edition): Driven by growing disposable income and shifting consumer preference from two-wheelers to four-wheelers’ provides a comprehensive analysis of the used car industry by analyzing historical statistics and corresponding developments in the used car market. The report covers various aspects including used… Read More »
