Kia raises price for multiple models

21 Nov 2022

Except for the newly launched Carens, all Kia models such as Morning, K3, K5, Sonet, Seltos, Sportage, Sorento, and Carnival have increased prices from November.

After Mazda, Thaco adjusted the price of Kia models. All those adjusted are increased in price.

The level of change is as follows:

Model November Price Increase amount
Morning 389-474 20-30
Soluto 409-489 15-20
K3 619-819 30-40
K5 934-1,069 40-60
Sonet 524-634 10-25
Seltos 649-749 10-20
Sportage 929-1.119 10-30
Sorento 1.179-1,349 10-70
Carnival 1.269-1,869 10-30

Unit: million VND


This is the fourth time Kia car prices have increased in 2022. The previous three times were in February, May, and September. Thaco has not given a specific reason for the price increase.

Seltos tại nhà máy lắp ráp của Thaco ở Quảng Nam. Ảnh: Phạm Trung

Among Kia’s affected models, Seltos is the most frequently adjusted. Since its launch in July 2020, Kia’s best-seller has increased in price 7 times. Of which, 4 times are in the opening sale period until the end of 2021 and 3 times in 2022.  Through the increases, the price of Seltos for version 1.4 Deluxe increased by a total of 60 million VND; the most expensive version 1.4 Premium increased by a total of 40 million VND.

Kia is currently the third best-selling car brand in Vietnam after Toyota and Hyundai. After 10 months of 2022, this company’s sales reached 52,694 vehicles. The two leading brands are Toyota at 72,777 vehicles, and Hyundai at 54,164 vehicles.

In 2022, with many reasons such as shortage of semiconductor chip supply, cost of input materials, increased logistics costs, engine switching to Euro5 standard, upgrading equipment… a series of companies increased selling prices such as Toyota, Hyundai, Kia, Mazda, Mitsubishi, Ford, Suzuki, Lexus, Mercedes…



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