Vietnamese cars deeply discounted

In addition to lowering prices, car manufacturers focus on enriching their product portfolio by adding new versions and creating promotional programs to attract customers. At that time, consumers will be welcomed and cared for like "gods" by car manufacturers and distributors.

Companies still pursue the price reduction race

Most Vietnamese car manufacturers have reduced prices. Photo: Internet

Since the end of May, there has been information that many car models will have huge discounts in June, showing that the car price reduction race in Vietnam is still very fierce.

Specifically, Ford Everest shocked everyone in May when it was adjusted down by 130 million, then in June it continued to drop sharply by 140 million; Nissan X-Trail dropped deeply by 133 million.

Mazda CX-5 is currently reported to maintain a discount at dealerships of 50-60 million VND, Toyota applies discounts and launches attractive promotions for many of its key models...

Car prices hit rock bottom, ideal time to buy a car

In fact, recently, car prices in Vietnam have dropped sharply, attracting the attention of consumers. However, many Vietnamese customers often have a fear when car prices drop too quickly, making them not dare to pay immediately but have to be cautious for fear of "being ripped off". Therefore, even though car prices have dropped, new car buyers are hesitant, stopping to listen to the situation, causing market sales to be more or less affected.

Mr. Minh Thanh, an office worker in Long Bien shared: "To find a car in the price range of 600-700 million VND, I have had to research for several months now, asking many experienced people but still cannot choose because the market price fluctuates too much. Many car models, although not really satisfactory, have very large discounts while the original car model that I planned to buy is not deeply discounted. According to many consultants, I should wait for the next price reductions before deciding to buy a car."

However, most car dealers believe that car prices have dropped significantly at this point and are unlikely to drop further, so if consumers intend to buy a car, they need to seize the opportunity.

Usually, car prices will increase sharply during the last lunar months of the year. Because the days near Tet, prices increase and cars are no exception. By mid-year, the price will cool down, meaning prices will decrease across the board and car models will be around October. Then it will gradually increase again after October...

“Compared to last year, the price reduction this time is quite deep. A car that costs 1 billion but is reduced by 130-140 million VND, which means more than 10%, is quite high. Therefore, this time the car price is very ideal for those who want to buy a car,” an analyst said.