Do cheap electric cars affect the used car market in Nghe An?

In 2024, the auto market will witness the launch of Vietnamese and foreign brands, with new models priced from only 170 arrive240million dongmakes customers hesitate when buying a new or used car.

Mr. Tran Minh Quang in Quang Trung ward, Vinh city shared: In the price range of under 300 million VND, old gasoline cars, used for 7-10 years, will face many risks such as depreciation rate, damage, maintenance costs and bigger problems such as collision, water hammer. Meanwhile, electric cars at the same price range have the advantage of being new, compact, and very suitable for urban driving, so the family is considering buying a car.

There are also quite a few people who like to buy cheap electric cars, however, they are still considering. Mr. Nguyen Van Binh in Xuan Thanh commune (Yen Thanh) said: Electric cars have the advantage of being economical, but currently the infrastructure for electric cars in rural areas is lacking. In Yen Thanh district, there is no charging station, it takes a long time to charge at home, and you are not proactive in your work, so you have to calculate carefully before deciding to choose an electric car or a used gasoline car.

According to a survey on current car buying and selling news sites, with a price of 235 - 245 million VND, consumers can only buy some "very old" car models.

Regarding the opinion that cheap electric cars have an impact on the used car market or not, the owner of a large car dealership in Nghi Duc commune, Vinh city shared: The impact on the electric car market is insignificant at the present time, because the advantage of gasoline cars is that they are larger in size and utility than mini electric cars, they can be proactive with fuel, and can travel longer distances, so the dealership still sells many used cars every month.

Some owners of a car showroom in Vinh city commented that in the long term, the electric car market will have an impact because electric cars are cheap, run smoothly, are smokeless, environmentally friendly and do not cause "pain in the wallet" due to the continuous increase in gas prices. We, the used car dealers, are also having to calculate to find solutions to adapt.

Mr. Nguyen Van Thanh - showroom owner in Yen Thanh town, Yen Thanh district said: The used gasoline car market has not been affected yet, at the showroom customers mainly focus on car models in segments from A to C such as Hyundai Grand i10, Kia Morning, VinFast Fadil, Toyota Vios... used cars 5-7 years old priced under 300 million VND. In addition, our showroom also buys and sells used electric cars to customers.

The survey shows that, despite the heat of the cheap electric car market, used gasoline cars in the low-cost segment still have a place with customers because the psychology of customers in this segment is not familiar with accessing new car models. And finally, consumers who buy cars are the ones who benefit the most, customers can choose for themselves a suitable gasoline car or electric car model.