Many high-chassis SUVs have 'crash-price' discounts

The Vietnamese automobile market is experiencing a significant decline in sales, and the SUV segment is no exception. That is the reason why the prices of most SUVs "hit rock bottom" in May, including those that were once very "hot" and "sold with beer and peanuts".

Old Mercedes-Benz GLC reduced up to 317 million VND

Mercedes-Benz GLC joins the race of incentives and discounts in May by exempting 100% of registration fees (only applies to old generation 2022 cars).

The 2022 version includes 3 options: GLC 200, GLC 200 4Matic and GLC 300 4Matic with listed prices ranging from 1.909-2.639 billion VND, equivalent to a discount of about 229 - 317 million VND depending on the registration area.

Mercedes-Benz GLC highest discount 317 million VND.

The new generation 2023 was just launched on the market in early May with 2 versions GLC 200 4Matic and GLC 300 4Matic priced at 2.299 billion VND and 2.799 billion VND respectively, an increase of 110-160 million VND compared to the old generation.

The 2023 Mercedes-Benz GLC is equipped with a Mild-Hybrid engine, with a 2.0 turbocharged gasoline engine as the main engine and a 48V motor to assist starting, achieving a maximum capacity of 204 horsepower, maximum torque of 320 Nm on the GLC 200 version and 258 horsepower, 400 Nm on the GLC 300 version. Both versions use a 9-speed automatic transmission, controlled by an electronic gear lever and paddle shifters behind the steering wheel.

Hyundai Santa Fe reduced by 200 million

Having caused a "fever" in the market from the end of 2021 to the first half of 2022 when the price difference sometimes reached 150 million VND, Hyundai Santa Fe has been quite sluggish for many months now. Sales in April 2023 reached only 364 units sold to the market, down 29.2% compared to the previous month with 514 vehicles and down 49% compared to the same period last year with 714 vehicles.

In order to clear inventory and improve sales in early May, some dealers are also offering Hyundai Santa Fe VIN 2022 with a discount of up to 190 million VND in cash, not to mention valuable gifts. New 2023 cars are also discounted 90 - 110 million VND.

Hyundai Santa Fe deeply discounted 200 million.

In Vietnam, Hyundai Santa Fe is sold in 6 versions (gasoline and diesel engines), prices range from 1.055 billion VND to 1.375 billion VND. Hyundai Santa Fe has 2 engine options: gasoline and diesel. SmartStream G2.5 gasoline engine: MPi point fuel injection, 2.5L capacity for maximum operating capacity of 180 horsepower and maximum torque of 232Nm.

All Hyundai SantaFe petrol engine versions share a 6-speed automatic transmission and FWD drive system. The 2.2L SmartStream D2.2 diesel engine produces a maximum capacity of 202 horsepower and a maximum torque of 440Nm, combined with an 8-speed dual-clutch transmission and HTRAC drive system.

Toyota Fortuner "dropped" 140 million VND

Toyota Fortuner has not been in short supply recently but has rarely been sold with promotions. However, in the past 2 months, the stock situation from last year has caused many dealers to heavily discount this model to attract customers.

Toyota Fortuner "dropped" 140 million VND.

Since the beginning of May, this hot 7 SUV model has been reduced by 120-140 million VND, only applicable to cars with VIN 2022. In particular, the Fortuner Legender 2.4L version has the highest reduction, 140 million VND. Pulling the listed price of the car from 1.259 billion VND to more than 1.19 billion VND.

Fortuner is currently the 3rd best-selling car in the segment, after Hyundai Santa Fe and Ford Everest. In April 2023, sales of this model reached 306 cars, down 76 cars compared to the previous month.

Toyota Fortuner has 7 versions and uses 3 types of engines, both gasoline and diesel.

Mazda CX-8 reduced by 110 million VND

In May, Thaco continues to implement a promotion program with a discount of up to 110 million VND depending on the version. Accordingly, the Luxury and Premium versions of this car model are discounted by 95 million VND. The Premium AWD-6S version is discounted by 100 million VND, while the Premium AWD version has the highest discount, up to 110 million VND.

After applying the promotion, the price of the Mazda CX-8 ranges from only 984 million to 1.169 billion VND, depending on the version. This is the highest price reduction of the Mazda CX-8 since the beginning of the year.

Mazda CX-8 reduced by 110 million VND.

Mazda CX-8's April sales reached only 180 units, significantly lower than competitors such as Hyundai SantaFe (364 units) and higher than KIA Sorento (150 units). This deep reduction promises to help this model make a breakthrough in sales in May.

In the Vietnamese market, Mazda CX-8 only sells one option of Skyactiv-G naturally aspirated gasoline engine with a cylinder capacity of 2.5L. That engine block produces power with a capacity of 188 horsepower at 6000 rpm and maximum torque of 252 at 4000 rpm.

Ford Everest reduced by 100 million VND

In May, the new Ford Everest Wildtrak 2023 was launched but did not attract many customers. Therefore, recently, the highest version of this SUV model has been applied a cash discount policy of 50 million VND. After the discount, the actual selling price of Everest Wildtrak was reduced to only 1.449 billion VND.

Ford Everest reduced by 100 million VND.

The 2022 Ford Everest in particular, which is available at dealers, is discounted up to 100 million in cash. The remaining vehicles at dealers are mainly the Titanium single-wheel drive (4x2) and two-wheel drive (4x4) versions. This discount helps the actual selling price of the 2022 Ford Everest to only 1.163 - 1.319 billion VND.

The 2022 Ford Everest SUV model, which once caused a "fever" when its price difference was up to 100 million VND in July last year, has continuously decreased in price. Sales of this model last April reached 754 units, leading the high-chassis SUV segment in Vietnam.