Car models with the deepest discounts today

The Vietnamese auto market in April received great incentive programs from many car manufacturers and dealers. Not only slow-selling cars, but also best-selling models were discounted. The car models with preferential prices are quite diverse, spanning all segments from popular to luxury cars.

Let's review the car models with the biggest price reductions in each segment in the first half of April.

Class A car: Hyundai Grand i10 2022 reduced by 70 million

Currently, at some dealers, there are still Hyundai Grand i10 cars produced in 2022 in stock. To attract buyers, dealers are offering quite attractive cash discounts.

Accordingly, the most advanced version of this car line, Hyundai Grand i10 1.2 AT, is offered for sale at a price of about 385 million VND, a reduction of up to 70 million VND compared to the listed price of the car at 455 million VND. However, dealers also said that the number of Grand i10 VIN 2022 cars is currently very limited, so buyers often will not be able to choose the car color they want.

Hyundai Grand i10 deeply discounted 70 million for the old 2022 version.

Hyundai Grand i10 is being assembled domestically and distributed by Hyundai Thanh Cong with all 6 versions. There are 3 hatchback versions and 3 sedan versions including 1.2MT Standard, 1.2MT and 1.AT. The car has a listed price from 360-455 million VND.

Hyundai Grand i10 uses a 1.2L MPI Kappa petrol engine, allowing it to produce a maximum capacity of 83 horsepower at 6,000 rpm and a maximum torque of 114 Nm at 4,000 rpm. Combined with the engine is a 5-speed manual or 4-speed automatic transmission, depending on the version.

Hyundai Grand i10's only competitor in the A-class segment is KIA Morning. In early April, the manufacturer announced a modest price reduction of only 20 million VND for this model. The two versions of New Morning MT and AT are given an additional year of physical insurance.

B-class sedan: Honda City reduced by 70 million VND, Nissan gave away registration fee

Honda City is currently the model with the deepest incentives in the B-class sedan.

Accordingly, dealers reduced up to 70 million VND for the two versions L and RS. Honda dealers said that this is a record reduction for Honda City in the Vietnamese market. After the reduction, the selling price of these two versions is 499 million VND and 529 million VND respectively and a 50% reduction in registration fee is applied, equivalent to 26.5 - 36 million VND for Honda City. Notably, these are all VIN 2023 cars, not inventory.

Honda City has the deepest discount among B-class sedans.

The second biggest discount is the Nissan Almera. Specifically, in early April, Nissan announced that it would continue to give 100% of the registration fee for the Almera.

Nissan Almera has a listed price of 595 million and 539 million VND for the CVT and high-end Almera CVT versions, respectively. Thus, after applying a 100% fee reduction, car buyers in Hanoi will save 53.9 - 71.4 million VND.

Meanwhile, the discounts and incentives of other competitors in this segment are quite modest.

For example, Toyota Vios is supported by dealers with 50% registration fee for buyers of G and E versions (MT and CVT) with the highest value of 37 million VND.

Hyundai Accent offers a cash discount of 15 - 20 million VND for customers buying cars in April 2023, bringing the actual price of this model down to 411 - 522 million VND.

Even the worst-selling model in the B-class sedan segment, Suzuki Ciaz, was only discounted by 10 million VND by Suzuki Vietnam.

MPV: Hyundai Stargazer 2022 price reduction of 100 million VND

7-seat MPV Stargazer model, 100 million VND discount applied to the 2022 production model (VIN 2022) to clear inventory.

After applying the incentives, the standard version costs about 475 million VND, equivalent to a B-class sedan, the special version is 525 million VND, the premium version is 575 million VND and the premium 6-seat version is 585 million VND.

Hyundai Stargazer has the deepest discount of up to 100 million VND.

Stargazer was launched in late October 2022, causing controversy over its design. This is the only small popular MPV in the segment with a 6-seat version option, in addition to the 7-seat version.

Compared to other competitors in the low-cost MPV segment, Hyundai Stargazer is being discounted the most.

The segment king, Mitsubishi Xpander, is currently offering gifts with a total value of 36 million VND.

Suzuki Ertiga Hybrid manufactured in 2022 has a 50% reduction in registration fees equivalent to 26-30 million VND...

SUV: Hyundai SantaFe price reduction of 160 million VND

Incentives for the 2022 Hyundai Santa Fe SUV model with the highest discount of up to 160 million VND are still being applied by dealers until the first half of April. The selling price of the highest version of Hyundai SantaFe currently fluctuates between 1.215 - 1.295 billion VND.

SUV segment, Hyundai SantaFe price reduced up to 160 million.

For cars manufactured in 2023, the discount is lower, ranging from 30-50 million VND depending on the version. This is considered the deepest discount for Hyundai SantaFe since its launch on the market.

Hyundai SantaFe is positioned in the 7-seat D-class SUV segment with a listed price of 1.055 - 1.375 billion VND.

The most veteran competitor of this model is Ford Everest. Notably, since April, except for the standard version, Ford Everest versions from Sport and above have increased in price by 12-16 million VND. The new car price is 1.099-1.468 billion VND, almost equal to Toyota Fortuner (1.026-1.470 billion VND).

D-class sedan: Honda Accord 2022 reduced by 140 million VND

Regularly in the Top 10 worst-selling cars in Vietnam, Honda Accord is currently being deeply discounted by dealers up to 140 million VND, only applicable to cars with VIN2022. After applying the incentive, depending on the color, Honda Accord is priced at only 1.169 billion or 1.179 VND.

Honda Accord has the deepest discount in the D-segment sedan segment

Currently, the Honda Accord has entered its 11th generation, launched globally in November 2022. However, the car sold in Vietnam is still the 10th generation, launched since 2017.

Honda Accord in Vietnam is equipped with a 1.5 liter turbocharged engine, similar to the CR-V, with a capacity of 188 horsepower and 260 Nm of torque, combined with a CVT transmission.

The second most discounted model in this segment is the Mazda6. The car is discounted from 89 to 100 million VND, bringing the selling price from only 800 million VND.

KIA K5 is also reduced by up to 45 million VND for all versions.