Luxury car shock: Lexus LX570 car reduced by 430 million VND
After 2 years of being offered for sale in the Malaysian market, the luxury Lexus LX570 is being discounted quite deeply, with a reduction of up to nearly 19,000 USD (about 430 million VND).
The Lexus LX570 was launched in Malaysia in 2015 with a price tag of 923,960 ringgit (equivalent to 235,000 USD, or 5.4 billion VND).
Recently, this car model has had a strong price reduction in this market, the reduction is up to nearly 74,000 ringgit (more than 18,000 USD or 430 million VND). Currently, Lexus LX570 is sold in Malaysia for only 850,000 ringgit (4.9 billion VND).
The Lexus LX570 in Malaysia is now in its third generation, with the latest facelift.
Malaysia is also one of the countries with quite high car prices, due to tax and fee policies.
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| In the Malaysian market, the luxury Lexus LX570 is being discounted quite deeply. |
The LX570’s steep price cut in Malaysia is seen as a move to pave the way for a new generation. The new version of this luxury car has just been officially launched at the 2017 Los Angeles Auto Show with an additional 5-seat version.
In Vietnam, the Lexus LX570 is currently priced at 7.81 billion VND. In 2017, this luxury car model was also heavily discounted. Specifically, from February 6, 2017, the Lexus LX570 was reduced by 210 million VND, bringing the car price from 8.02 billion VND to 7.81 billion VND.
In addition to the Lexus LX570, the Vietnamese auto market has recently witnessed sharp price reductions for many luxury car models.
Recently, luxury BMW cars imported from Germany have had their prices adjusted to be 99-589 million VND lower than the old price.
The luxury car model of the German brand Volkswagen is the car with the biggest price reduction in 2017 in the Vietnamese market. This car model has a total price reduction of up to 390 million VND/car for the whole year. If at the beginning of the year, Volkswagen Touareg was listed at 2.889 billion VND, at the end of 2017, this SUV model was advertised for sale at 2.499 billion VND.
