Imported motorbikes offered deep discounts, Honda Vario drops another 7 million VND

11 Dec 2022

A series of imported models are now being offered with deep discounts to stimulate demand at the end of the year.

Recently, many models of cubs and scooters have been labeled “Made in Thailand, Indonesia” such as GPX PopZ 110, Honda Wave 110i, Wave 125i, Scoopy or Vario 160, CB150X… when brought to Vietnam. The selling price was increased by tens of millions, on par with high-end models.

Every year, during Tet, the prices of these models continuously increased. It is not the case this year when many dealers, in fact, announced discounts and promotions.

As noted by VietNamNet at a dealer specializing in selling imported motorcycles in Ho Chi Minh City, the “Made in Thailand” Wave 110i motorbike model is priced at VND 67.5 million, down nearly VND 4 million compared to September and October. However, this price is still considered quite high and difficult to reach customers in the popular cub segment, because the locally assembled Honda Wave Alpha 110i only costs less than 20 million VND.

Another imported Honda model, the Honda Vario 160 scooter from Indonesia, is also being heavily discounted. Specifically, the selling prices of two versions of Honda Vario 160 CBS and Vario 160 ABS are currently only at 51.9 million for the black/red CBS, and 57.4 million for the black/black ABS with gold stamp, down 6 -7 million compared to previous months. Thus, since imported in March, this model has dropped in price by more than VND 25 million.

Similarly, the “Thai” Honda Scoopy produced in 2022 is currently being sold for VND 69-70 million, down by more than 2 million compared to the previous month. Meanwhile, the price of a new car in 2023 is currently at 72-75 million VND.

In Thailand, the Honda Scoopy 2023 costs from only 49,600-baht (equivalent to 31.6 million VND). But when imported in Vietnam, the model is almost as high as high-end scooters. It costs about 20 million VND more than that of Honda Scoopy imported from Indonesia.

Not only the popular mentioned above, some other imported models such as Yamaha Mio M3, Honda Beat, Honda Genio, Honda Vario 125, Honda ADV 160 … are also lowering prices from 500,000 to 1 million VND.

Explaining the price adjustment move, the store representative said that usually near Tet, people’s demand for imported cars is always high. But because of the general situation of the market, many domestically assembled models are dropping sharply, forcing imported cars to also launch policies to stimulate demand, gain market share, and run year-end sales.

The abundant supply is also one of the reasons for the significant reduction in the selling price. According to the latest statistics, the volume of motorcycles, components, and spare parts imported to Vietnam in October was worth more than 72 million USD, up by 9.7% compared to September, while the total in the first 10 months of the year reached nearly 669 million USD, up by 7.3% over the same period in 2021.

 

Source: vietnamnet.vn

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