Check out the car models with 'shocking' price reduction of nearly 200 million VND/car

Stimulating consumer demand to attract buyers to clear inventory is the main reason why car companies offer strong discounts.

In early July, Honda shocked its competitors by drastically reducing the prices of many car models, including the Honda Odyssey, which was reduced by up to 200 million VND. According to experts, low sales were the reason for Honda's drastic price reduction for the Odyssey.

By mid-July, Japanese car manufacturer Mitsubishi suddenly reduced the price of the Mitsubishi Pajero 3.0 model by 164 million VND. The current selling price of the Mitsubishi Pajero 3.0 at dealers has decreased from 2.12 billion VND to more than 1.9 billion VND.

Another Japanese car company, Suzuki, is not out of the game when it has drastically reduced the price of its imported SUV by 170 million VND. This is considered the biggest reduction in the company's history to stimulate market demand. Currently, the actual selling price of Suzuki Grand Vitara at the dealer is only 699 million VND (including VAT), instead of the previously listed price of 869 million VND.

With this great incentive, Suzuki Grand Vitara is the 2-wheel drive SUV with the cheapest price in the Vietnamese market today.

Suzuki has announced that this car model will stop being distributed in the Vietnamese market, but there are still many of these cars left at Suzuki's authorized dealers.

Therefore, the fact that some authorized Suzuki dealers in Vietnam have drastically reduced the price of Suzuki Grand Vitara by up to 170 million VND with gifts is considered a move to "clear stock" to stimulate market demand in preparation for a series of new cars about to hit the market.

Car companies compete to reduce prices to attract consumers, increase purchasing power, and clear inventory.

Jaguar also supports 200 million VND for customers buying new cars or exchanging old cars for new ones, Porsche has a program to take customers buying SUVs to Malaysia to test drive cars on the F1 racetrack...

In addition, this July, Toyota Vietnam will give away up to 40 million VND to customers who buy a car model in Vietnam, something that has rarely happened before. The support levels for Vios and Altis models are 40 million VND and 30 million VND respectively.

Meanwhile, like other promotions, other popular car brands in Vietnam continue to offer gift and cash incentives to customers who buy cars.

Specifically, Mitsubishi gives gifts and cash for all existing car models, the highest is Pajero Sport 4x2 AT which is given up to 106 million VND (with one year of free insurance), small car models Attage, Mirage are given 50 million VND, Chevrolet Cruze and Colorado are given up to 70 million VND (depending on the version), Ford gives 60 million VND for customers buying miniSUV Ecosport Titanium 1.5L...

While promotions and cash gifts are extremely popular in the popular car segment, luxury brands such as BMW, Infiniti, Lexus, Mercedes-Benz, Volvo... currently have no changes in selling prices.

According to VNN