Paradox: Import tax reduced, car prices increased dramatically
Many customers expect car prices in 2018 to decrease significantly due to the impact of import tax on cars from ASEAN to Vietnam down to 0% from January 1, 2018. However, after Lunar New Year, many car models increased in price.
Many customers expect car prices in 2018 to decrease significantly due to the impact of import tax on cars from ASEAN to Vietnam down to 0% from January 1, 2018. However, after Lunar New Year, many car models increased in price.
In February of Mazda cars. Notably, many Mazda models in this period have increased in price, including one model that increased by up to 40 million VND.
The Mazda BT-50 pickup truck has the biggest price increase this time, from 30-40 million VND, depending on the version. In particular, the BT-50 single-wheel drive version using a 2.2L engine has an increase of 40 million VND, from 640 million VND to 680 million VND. The BT-50 2.2L AT version has an additional 30 million VND, from 670 million VND to 700 million VND.
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| Mazda BT-50 pickup truck price increased sharply after Tet. |
Meanwhile, all versions of the 2018 Mazda CX-5 SUV increased by 30 million VND during this period. Specifically, the CX-5 2.5 FWD version increased from 969 million VND to 999 million VND; 2.5 AWD increased by 20 million VND to 1.019 billion VND; CX-5 2.0 FWD increased from 869 million VND to 899 million VND.
The third model with the strongest increase in price this time is Mazda 6, with an increase of 20 million VND for both 2.0 Premium and 2.5 Premium versions. Currently, the selling price of these two models is 899 million VND and 1.019 billion VND.
The Mazda 2 hatchback also increased by 10 million VND during this period. The current selling price of this model is 539 million VND and will no longer have physical insurance like before Tet.
The Mazda3 model has also been adjusted up by 10 million VND. Currently, the selling price of the Mazda3 1.5 hatchback is 689 million VND; the Mazda3 1.5 sedan is 659 million VND; and the Mazda3 2.0 sedan is 750 million VND.
Not only did Mazda increase the selling price of many models, but in the price adjustment this February, many Kia models in the Vietnamese market also increased from 4 to 20 million VND.
The highest increase in this period is the Kia Sedona model. Of which, the Kia Sedona 2.2L GAT increased by 20 million VND to 1.178 billion VND. The two Sedona 2.2L DAT and DATH versions increased by 10 million VND, with retail prices of 1.069 billion VND and 1.179 billion VND respectively.
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| The Kia Sedona model also increased in price sharply. |
During this period, all 3 versions of the Cerato sedan have had their prices adjusted. Of which, the Cerato 1.6 AT has increased by 10 million VND, bringing the price to 589 million VND. The Cerato 1.6 MT has increased by 5 million VND, bringing the price to 530 million VND. The Cerato 2.0 AT has increased by 6 million VND, the current price is 635 million VND.
All versions of the Kia Sorento model also increased in price by 10 million VND. Currently, the SUV model has a price range of 799-949 million VND.
The Kia Optima 2.0 ATH model was also adjusted up by 10 million VND, to 879 million VND.
In this price adjustment, the 1.2L AT Si version of the small Kia Morning model has its retail price adjusted up by 4 million VND. The selling price of this Morning version is currently at 379 million VND. The selling price of other Kia Morning versions remains unchanged.
It is worth mentioning that in the first two months of 2018, many other car companies also implemented a policy of increasing car prices.
According to the January 2018 car price list, the Toyota Land Cruiser Prado TX-L SUV imported from Japan was suddenly increased by 95 million VND by Toyota Vietnam, to 2.262 billion VND.
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| The SUV model imported completely from Japan suddenly increased in price by 95 million VND. |
In addition to Toyota Land Cruiser Prado TX-L, the selling prices of Toyota Vios, Toyota Corolla Altis, Toyota Camry, and Toyota Innova models in January 2018 also increased from 10 to 40 million VND.
Recently, the official price of Honda CR-V 2018 was announced, disappointing many people. The price of the highest-end version of Honda CR-V is 1.256 billion VND, 150 million VND higher than expected. Not only that, customers buying Honda CR-V 2018 must install some other decorative accessories, costing about 50 million VND, to receive the car before Lunar New Year 2018.
Thus, the 0% tax policy applied to imported cars from ASEAN countries has been in effect for more than a month. However, instead of being able to buy cheap cars at the beginning of the year after Tet, the prices of many car models, not only imported but also domestically assembled cars, have increased. It seems that the dream of cheap cars for Vietnamese people is still quite far away.
