List of car models with preferential registration fees

Since December last year, car purchasing power in Vietnam has been gradually declining. In February alone, the total car consumption in the market, as announced by the Vietnam Automobile Manufacturers Association (VAMA), reached just over 17,300 vehicles, the lowest level since the car market "hit bottom" in September 2021.

In the context of the current stagnant sales trend of the entire Vietnamese auto market, many car companies and dealers are using the trick of "old bottle, new wine" to launch a series of incentives and financial support for customers to stimulate consumption.

This can be considered a "test drug" to attack the psychology of consumers. Most manufacturers and car dealers have launched preferential policies and discounts on many models and many car lines. From cheap cars, to urban SUVs, 7-seat SUVs, popular 5 + 2-seat MPVs or even B-class sedans - the car segment that has been the most popular in Vietnam in recent years - all have discounts.

Currently, price reduction in the form of support and incentives for registration fees is being applied by a number of car manufacturers and dealers. Specifically:

1. Nissan Vietnam

Nissan Almera.

Nissan Vietnam is offering 100% registration fee support for customers who buy Nissan Almera models manufactured in 2022 (VIN 2022) in March 2023.

The current listed price of the Nissan Almera EL version is 539 million VND and the VL version is 595 million VND. Customers who choose to buy these versions will enjoy a 100% registration fee support program plus a complimentary accessory package, bringing the total incentive value to a maximum of 90 million VND.

In addition to the Nissan Almera, some models of the Japanese automaker are also receiving big incentives in March. In particular, customers who buy the Nissan Kicks receive cash incentives and accessories worth a total of 80 million VND, while the incentive for the Pro4X version of the Nissan Navara pickup is 150 million VND.

2. Honda CR-V and Honda City

Honda CR-V.

Honda also continues to offer a 50% discount on registration fees for the two Honda City and Honda CR-V models, including the 2023 version, with a value equivalent to VND 26.45 - 35.94 million for the City and VND 49.9 - 68.28 million for the CR-V (depending on the place of vehicle registration, there will be different discounts).

Notably, according to information from Honda, this program applies to models manufactured this year (with VIN number 2023).

3. Suzuki Ertiga Hybrid and Suzuki XL7

Suzuki XL7.

Suzuki's two "representative faces" in the popular MPV segment are both eligible for a 50% registration fee incentive in March 2023. Accordingly, customers who buy Suzuki Ertiga Hybrid and Suzuki XL7 will receive 50% registration fee support. This policy is applicable until March 31.

According to the assessment, Suzuki Ertiga Hybrid and Suzuki XL7 are currently lagging behind other MPV models in the same affordable segment in Vietnam.

4. Toyota Vios and Toyota Corolla Cross

This March, customers who buy Toyota Corolla Cross and Toyota Vios will enjoy a 50% registration fee support policy. This incentive program is only available for the 1.8G and 1.8V versions of Toyota Corolla Cross manufactured in 2022.

Toyota Vios.

The current listed price of the 1.8G version is 755 million VND and the 1.8V is 860 million VND. Customers who buy this urban SUV model in March will receive support worth 75.5-103.2 million VND depending on the registration location.

For Toyota Vios, customers who buy G and E MT versions are also supported with 50% of registration fee and genuine accessories (The maximum incentive value that customers can receive when buying Toyota Vios in March is 37 million VND.)

In addition, the Toyota Veloz Cross and Toyota Avanza Premio duo are also being offered incentives by dealers. Customers who buy these two MPV models in March will receive a free one-year Toyota insurance and service voucher (the program only applies to the standard Toyota Veloz Cross and the automatic Avanza Premio version).

5. Mitsubishi applies the policy to a wide range of car models.

A series of other car models such as Mitsubishi Attrage, Mitsubishi Triton, Mitsubishi Pajero Sport, Mitsubishi Outlander and Toyota Vios... are also having their registration fees reduced by 50% by the manufacturer for car buyers.

Mitsubishi Triton.

Specifically, the incentive for Mitsubishi Attrage is 19-25 million VND (depending on version and registration location).

Customers who buy a Mitsubishi Triton this March will receive a discount of 19-28 million VND. Mitsubishi Pajero Sport has a discount of up to 57-68 million VND, Mitsubishi Outlander has a discount value of 42-47.5 million VND.

6. MG5

Like other car models, the MG5 C-class sedan is also being offered a program by the car company to partially support registration fees for customers who buy cars in March 2023.

Specifically, customers who choose to buy MG5 STD (523 million VND) and LUX (588 million VND) versions will be supported with 50% of the registration fee, equivalent to 26.15-35.28 million VND depending on the locality where the vehicle is registered.

However, the current selling price of MG ZS has been adjusted to increase by 10 million VND, the listed price of this SUV model has been raised to 538-638 million VND (prices are applied depending on each version)./.