How big is the Vietnam Used Car Market?

The Vietnam Used Car Market size is expected to reach USD 10.92 billion in 2024 and grow at a CAGR of 17.20% to reach USD 24.14 billion by 2029. Read More

What is the current Vietnam Used Car Market size?

In 2024, the Vietnam Used Car Market size is expected to reach USD 10.92 billion. Read More

Who are the key players in Vietnam Used Car Market?

Bonbanh.com, Viet Han Used Cars, LSH Auto International Limited, Carmudi Vietnam and Hien Toyota are the major companies operating in the Vietnam Used Car Market. Read More

What years does this Vietnam Used Car Market cover, and what was the market size in 2023?

In 2023, the Vietnam Used Car Market size was estimated at USD 9.04 billion. The report covers the Vietnam Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What trends are shaping the Vietnam Used Car Market?

Key trends shaping the Vietnam Used Car Market are a) Growing acceptance of online sales b) Increased demand for certified pre-owned vehicles c) Shift towards more fuel-efficient and environmentally friendly cars Read More

What trends are shaping the Vietnam Used Car Market?

Key trends shaping the Vietnam Used Car Market are a) Growing acceptance of online sales b) Increased demand for certified pre-owned vehicles c) Shift towards more fuel-efficient and environmentally friendly cars Read More

Vietnam Used Car Market Trend | Industry Analysis, Size & Forecast Report

Vietnam Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers the Used Car Market in Vietnam and Its Market Share. The Market is Segmented by Vehicle Type (Hatchbacks, Sedans, and Sports Utility Vehicle (SUV) and Multi-Purpose Vehicle (MPV)), Fuel Type (ICE and Electric), Booking Type (Online and Offline), and Vehicle Age (Up To 5 Years and Above 5 Years). The Report Offers Market Size and Forecast in Value (USD) for the Above Segments.

Vietnam Used Car Industry Overview

The Vietnamese used car market is dominated by several key players, such as Carmudi Vietnam, Oto, Bonbanh.com, and LSH Auto International Limited. While some prominent players are focused on fleet expansion and collaborations, the new entrants are focused on widening their customer base by adopting varying strategies. Social media platforms, such as Facebook, and online auto classifieds portals in Vietnam, such as Oto and Carmudi, have provided high user convenience to buyers looking forward to purchasing a used car as these platforms offer a detailed description of all the listed used cars.

In November 2023, the used car trading platform Carpla opened its fifth Automall in the system. The new Automall is located at 138 Pham Van Dong, Hanoi, and boasts an area of over 4,000 m2. It is also the second Automall to be built in the capital.