Laos 2022. Auto Market Jumped Up (+29.8%) At Pre-Covid Level

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Laos Auto Sales  boomed in 2022. Fueled by a strong consumer demand, the industry jumped up 29.8% recovering the pre-covid level and scoring the third highest level ever.

Market Trend

In 2022 the automotive industry in Laos reported a fast recovery and was back over the pre-covid level.

Supported by strong consumer demand and GDP growth the annual sales have been 21.891 (+29.8%), achieving the third highest level ever, after 2016 and 2017.

Brand-wise, this year the leader Toyota (+40.5%), followed by the local manufacturer Daeham (+8.4%), Hyundai (+44.1%) and Ford (+33.6%).

The most sold model in the country remains the Toyota Hilux.