The used car market is facing its toughest period in years. With ‘Ghost month’ approaching, dealers are restless, grappling with losses and high operating costs to stay afloat.

Vietnam’s proposed fuel-efficiency targets could eliminate nearly all gasoline cars and shake up the entire automotive industry.

After many failed auctions, Veam Corporation has put 2,071 vehicles into auction at the starting price of VND430.6 billion.

TMT Motors remains under stock warning status after massive retained losses despite mid-year profit turnaround.

Notably, the hybrid segment recorded the strongest growth, with 7,112 units sold, a 72% year-on-year increase. The figures reflect a shift in consumer preference towards more environmentally friendly vehicles.

Saigon General Service Corporation (Savico) has increased its investment in Tasco RT Auto Trading Co., Ltd. to expand operations, focusing on distributing Chinese brands Geely and Lynk & Co.

Car sales by the members of the Vietnam Automobile Manufacturers’ Association (VAMA) in June increased by 9.5 percent compared to the previous month, reaching the highest level this year.

The total number of cars sold by the Vietnam Automobile Manufacturers Association (VAMA)’s members in June 2025 reached 31,977 vehicles, up 9% over May and up 20% over the same period in 2024.

The Government has issued Decree No. 199/2025/ND-CP amending and supplementing Decree No. 26/2023/ND-CP on the export and preferential import tariff schedules, and the lists of goods subject to absolute tax, mixed tax, and out-of-quota import duties.

Using fake or low-quality engine oil at a cheap price not only damages vehicle engines and compromises driving safety but also indirectly supports the production and sale of counterfeit goods.

Toyota Motor Vietnam (TMV) on July 2 announced that it had delivered over 29,000 vehicles to Vietnamese customers in the first half of 2025, a 31% increase compared to the same period last year.

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.