Dealers massively reduce car prices after Tet

13 Feb 2023

Most dealers such as Toyota, Kia, Mazda, Hyundai, Mitsubishi, Suzuki… will discount car prices by tens to hundreds of million VND in February.

As in previous years, automakers and dealers maintain incentives in cash or car accessories after the end of the Lunar New Year. This is the period when purchasing power slows down when customers’ demand for cars has been saturated. Sales staff of most dealers said that both customers coming to showrooms and those inquiring through other channels such as phone, social networks, and websites all fell sharply.

Units that are still available from 2022 are often discounted more significantly than cars manufactured in 2023. Here are some reductions of car manufacturers in Vietnam:

 

Toyota

Corolla Cross tại một đại lý Toyota ở TP HCM. Ảnh: Phạm Trung

The flagship Vios sales is currently discounted by VND 20-30 million at the dealer. For the Veloz Cross, the highest reduction is about 35-45 million VND with extra accessories. Fortuner may reduce more than 100 million VND for the Legender version.

Toyota’s more attractive models such as Raize and Corolla Cross are priced as listed. Some dealers gift accessories thanks to a more abundant supply.

 

Honda

Xpander phiên bản AT Premium.

Right from the beginning of February, the Japanese company applied a preferential program of 100% of registration fees for two main car lines: City and CR-V. The reduction for Honda City at dealers is about 50-60 million VND depending on facilities. With CR-V, the rolling price is reduced by more than 100 million VND.

 

Mitsubishi

The company supports 50% of the registration fee for Attrage, Triton, Outlander lines and offers additional accessories such as reversing camera, panoramic camera. Depending on the dealer, the support level can be converted to cash and deducted directly from the car price.

The company’s best-selling car line, Mitsubishi Xpander offers a fuel voucher of VND 15-20 million for the automatic transmission and VND 10 million for the manual version.

 

Hyundai

Many Hyundai car models have reduced prices after Tet. In which, the Grand i10 model decreased by 15-35 million VND, Accent by 20-55 million VND.

Hyundai Elantra is discounted by 25-40 million for all versions. Some dealers offer a reduction of 60 million. Creta is reduced by 25-35 million depending on version.

The Stargazer MPV model dropped the highest at about VND 60-70 million. Meanwhile, Hyundai Santa Fe discounts sharply by 100-120 million VND.

 

Kia

Seltos trưng bày tại trụ sở của Thaco ở Quảng Nam. Ảnh: Thành Nhạn

Kia’s most discounted car model in February is Sorento by 70 million. Particularly for Sorento hybrid versions, the reduction is less at only 20 million VND.

CUV model Kia Sportage also receives a discount of 50 million VND. The trio of mid-sized urban SUVs Sonet, Seltos, and Carens dropped the highest by 40 million VND.

Thaco’s dealerships also reduced prices for K5 and K3 by VND 50 million and VND 60 million, respectively. The company’s cheapest car model, Morning, is discounted by 30 million.

 

Suzuki

The Japanese company supports 50% of the registration fee for XL7 and Ertiga, worth about 25-30 million VND. Swift and Ciaz models offer a one-year physical insurance package worth 10 million VND.

 

Nissan

The Nissan Navara VL 4WD and Pro 4X versions manufactured in 2022 are entitled to a discount of 100% of the registration fee, and the standard version of EL 2WD is 50%.

The B-size sedan, Nissan Almera also has a similar program to the Navara, but the registration fee is 100% for all versions.

 

Volkswagen

The German company does not directly reduce car prices but supports customers taking out loans. Polo Hatchback series is supported 35 million, Tiguan for 25 million. Particularly for the 2022 Tiguan line, the support level is 100 million VND.

The Teramont SUV is supported by Volkswagen at 60 million VND. The T-Cross series has a promotional amount of VND 50 million.

 

The remaining popular brands such as Subaru, MG, Isuzu, Jeep, Ram … have low sales, so prices do not fluctuate much.

 

Source: vnexpress.net

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