10 cheapest cars in Vietnam in early 2018

2017 was a year full of fluctuations in the Vietnamese automobile market, so the "trick" of price reduction of car manufacturers was thoroughly applied, along with the impact of the policy of reducing import tax on completely built-up cars and the waiting mentality of customers... All of this has created the biggest price fluctuation in the Vietnamese automobile market ever. To have a more comprehensive view of the "price reduction race" of the manufacturers, let's take a look at the 10 car models with the lowest selling prices in the Vietnamese market, after a series of price reductions in 2017:

1. Chevrolet Spark (269 - 389 million VND)

Chevrolet Spark has become the 5-seat passenger car with the lowest selling price in the Vietnamese auto market at this time. From the price of 339 million VND, the old Spark LS version (not yet facelifted) has been reduced by Chevrolet dealers to 269 million VND to clear inventory. In addition, there is the new 2018 Spark with configurations of Spark Duo 2 seats priced at 299 million VND, Spark LS priced at 359 million VND and Spark LT priced at 389 million VND. All are equipped with a 1.2L DOHC gasoline engine, producing 80 horsepower at 6,400 rpm, maximum torque of 108 at 4,800 rpm combined with a 5-speed manual transmission.

2. Kia Morning (295 - 394 million VND)

This is a car model considered one of the main car lines of Truong Hai (THACO) in Vietnam, in 2017, when the company continuously reduced the selling price to compete with rivals in the same segment. And as a result, Kia Morning had sales of more than 10,000 cars in 2017. Along with the price reduction at the end of 2017, THACO also announced the selling price for Kia Morning in 2018, accordingly, from January 1, 2018, the price of this A-class car model continued to decrease to 290 - 390 million VND. Kia Morning assembled in Vietnam is equipped with 2 engine versions 1.0L and 1.2L. In which, the 1.2L Kappa engine produces 80 horsepower, 120 Nm torque combined with a 4-speed automatic transmission or 5-speed manual transmission.

3. Hyundai Grand i10 (VND 315 - 415 million)

The selling price of Grand i10 has continuously decreased sharply, after Hyundai Thanh Cong switched from importing to assembling domestically since 2017. Specifically, from 359 - 479 million VND in January 2017, after 2 price adjustments, with the highest reduction of 40 million VND, by November 2017 the selling price of 9 versions of Hyundai Grand i10 in Vietnam was only 315 - 415 million VND. Currently, Hyundai Grand i10 assembled in Vietnam has a localization rate of 10%, expected to increase to 40% after 3 years.

4. Mitsubishi Mirage (VND 370 - 475 million)

In December 2017, the Japanese car company launched the Mirage Eco manual transmission version, cutting some equipment and reducing the selling price to 370 million VND. In addition, this model also has a version equipped with a 1.2L gasoline engine combined with a CVT gearbox priced at 475 million VND.

5. Mitsubishi Attrage (412 - 505 million VND)

Similar to Mirage, the B-class sedan - Attrage also has Mitsubishi adding a low-cost version Attrage Eco in Vietnam. By the end of 2017, the selling price of 4 versions of Mitsubishi Attrage is only from 412 - 505 million VND, helping this model become the B-class sedan with the lowest starting price on the market.

6. Chevrolet Aveo (419 - 459 million VND)

The 40 million VND incentive applied in the last month of the year has brought the selling price of the two versions to the lowest level in 2017. Specifically, the selling price of the Aveo LT version after the promotion is only 419 million VND, while the Aveo LTZ, with more complete equipment, has a selling price of 459 million VND. Both versions use a 1.4L DOHC engine producing 93 horsepower.

7. Nissan Sunny (428 - 468 million VND)

Sales have declined, leaving Nissan no choice but to join the price reduction race in 2017, hoping to keep up with competitors in the B-class sedan segment, but Nissan Sunny is increasingly showing signs of running out of steam. The biggest price reduction was applied by Nissan for Sunny in early December 2017. In particular, the Sunny XL version was reduced by the Japanese car company's joint venture in Vietnam to 428 million VND, the price of the Sunny XV version was only 468 million VND, a decrease of 50 million VND compared to early 2017.

8. Toyota Vios (484 - 586 million VND)

Although considered the best-selling car model in the Vietnamese market in 2017 (according to VAMA sales data), Toyota Vios did not ignore the price reduction race. In early November 2017, Toyota officially announced a price reduction of 48 - 58 million VND for Vios versions, bringing the selling price of the most popular B-class sedan in the market to 484 - 586 million VND, which helped Vios sales increase sharply. Toyota VN said that this is also the price of Vios in 2018.

9. Mazda2 (VND 505 - 550 million)

At the end of November 2017, the price of Mazda2 with two variants, sedan and hatchback, equipped with 1.5L engine was reduced to only 505 - 550 million VND. According to the roadmap to reduce the selling price of Mazda cars after applying the special consumption tax reduction policy for cars using engines under 2.0L, the selling price of Mazda2 from 2018 will continue to decrease to 499 - 529 million VND.

10. Ford Fiesta (VND 516 - 568 million)

The year-end incentive of 43 - 48 million VND applied by Ford VN and its dealers in 2017, the selling price of this B-class car model has reached 516 - 568 million VND, Fiesta has become one of the car models with the lowest selling price in Vietnam after the discount.