Laos

Laos Car Market boomed in the 2014 thanks to the new limits and duties at the pre-owned vehicles import. In the second half of the year, grey market collapsed focusing demand on ne vehicles. Toyota and Hyundai fight for leadership.

Lao Vehicle Market kept growing in 2023. While at a moderate speed, the market continued the positive pathway. Sales were 22.320 (+2.3%), the best performance in 8 years. Although losing sales Toyota is still market leader.

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 Vehicles Market in the 2017 lost in double-digit. Following the too fast development of the last five years, the consumer demand declined and the domestic brand, Daeham, started struggling. Toyota is again market leader with share over 20%.

Laos Automotive Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.