Laos vehicles sales in the 2019 the market is finally moderately recovering with sales at 21.078 units, up 7.7%. The car passenger segment, which count 31% of the total light vehicles market, declined 7.2%, but this lost was more than balanced by the growth of the LCVs (mainly pickups) Toyota holds the crown with 37.5% of share, followed by Daehan, which is recovering from the previous years' decline.
Lao vehicles sales were negative again in the 2018 as in the previous three years, mainly due to the fall of HCVs and the over 50% sales lost by the local producer, Daeham. Toyota dominates with over 40% of market share. The 2019-2025 outlook is positive.
Laos Auto Market 2016 hit again a new all time record despite the slowdown reported in the second half of the year. Launching the first pickup of its history, local maker Daeham led the market, ahead of Toyota.
Laos Vehicles Market in 2015 took off driven by demand for commercial vehicles. The new brand Daehan was the best seller thanks to a local made low-cost line-up specialized in CVs. Toyota Hilux was the best model.