Laos’ Automobile Market in 2024

Laos’ automobile sales volume in 2024 (estimated based on imported CBUs and KD kits, as sales statistics are not publicly available) increased 26.4% year-on-year to 26,421 units, marking the fourth consecutive year of increase. Commercial vehicle sales increased by 6,255 units, up 42.7%, to 20,905 units, contributing to market expansion. Booming sales is driven by demand for commercial vehicles due to increased urbanization and infrastructure development.