The first six months of 2025 have been especially challenging for Vietnam’s used car market. Despite steep price reductions, sales remain sluggish, and many dealerships have been forced to cut losses just to recoup capital.

Many used-car dealers refuse to lower prices despite high inventory as they don’t want to accept significant losses.

Imported American cars sell slowly in Vietnam due to high prices and difficulty in competing with locally assembled vehicles or those imported from ASEAN which enjoy preferential tariffs.

Vietnamese consumers continue to prefer imported models, even as local automakers boost production.

Of the vehicles sold, there were 20,014 passenger cars, 8,983 commercial units, and 213 special-purpose vehicles. While passenger car sales dipped 3.6% from the previous month, commercial vehicles surged 4% and specialised ones climbed 6%.

Major brands launch aggressive promotions, but sluggish customer demand persists, hurting dealers’ bottom lines.

Manufacturers fear waste and cost under new emissions rules without matching fuel supply.

A production defect in the panoramic glass roof has led to a major recall of nearly 1,500 Toyota Yaris Cross HEV vehicles in Vietnam.

Thailand overtook Indonesia in vehicle imports to Vietnam, driven by consumer preference for durable, competitively priced models.

Despite a 7% sales dip, foreign-made vehicles remain the top choice for Vietnamese buyers.

Over 56,000 new cars added in April alone, creating pressure on prices.

The Vietnamese car market hit a quarterly high in March 2025, fueled by surging imports.

With over 58,000 new vehicles added in March and Q2 discounts underway, Vietnam’s auto market is bracing for even deeper price cuts.

With over 923,000 cars sold, Toyota secures its dominance, while VinFast’s EV breakthrough positions it as a rising star.

Geely Auto, a leading automobile manufacturer based in China, officially entered the Vietnamese market with the launch of its brand and new vehicle models as well as announcement of its nationwide distribution network on March 21.

With around 20 models each, B-SUV and C-SUV segments are the most crowded and competitive in the market.

Toyota Vietnam is recalling 3,591 Wigo units due to a brake system defect and 10 Alphard MPVs due to a hood panel issue. The recall runs from March 2025 to 2028.

Vietnam is on track for a transportation shift, with car sales projected to overtake motorbikes after 2035. The World Bank expects the market to grow to 54 million cars by 2050, fueled by rising incomes and EV adoption.

Car sales in Vietnam grew by 14% in February, with VinFast maintaining its dominant position, outselling Toyota, Hyundai, Ford, and KIA combined.

Major car manufacturers are reversing their all-electric strategies, reinvesting in internal combustion engines to maintain profitability and meet consumer demand.