Small MPV cars have reduced prices across the board, the highest up to 100 million VND

Compared to the end of last year and the beginning of this year, MPV models under 700 million VND are being heavily discounted, with some models up to 100 million VND. The reason comes from very slow car consumption in the first months of 2023.

According to data from the Vietnam Automobile Manufacturers Association (VAMA) and TC Group, total MPV sales in January 2023 continued to plummet, with only 1,856 units sold, down 56.5% compared to the previous month, reaching 4,266 units.

Hyundai Stargazer highest discount 100 million VND

All versions of the 2022 Hyundai Stargazer are currently being deeply discounted by dealers from 60-100 million VND. The lowest discount applies to the standard version, the highest for the 6-seat premium version. Each dealer will have different discounts, depending on the quantity available.

Hyundai Stargazer 2022.

Hyundai Stargazer is being distributed with 4 versions with prices ranging from 575 - 685 million VND.

The car is equipped with a naturally aspirated gasoline engine with the new Smartstream G 1.5L engine, producing 115 horsepower at 6,300 rpm, maximum torque of 144 Nm at 4,500 rpm.

After the price reduction, Stargazer is now only about 500 million VND, becoming the cheapest small MPV model in the segment. It is known that this price reduction is to prepare for Hyundai Stargazer to switch to assembling in Vietnam instead of importing as it is now.

Toyota Veloz Cross and Toyota Avanza Premio offer 45-55 million VND

The Veloz Cross and Avanza Premio duo are receiving a series of "strong" incentives from Toyota Vietnam. Accordingly, the Japanese joint venture is implementing a program to give a gift package worth 31 million VND to customers who buy Veloz Cross CVT and Avanza Premio CVT cars in March 2023.

Toyota Veloz domestically assembled version.

In addition, at some Toyota dealers, customers buying Avanza are also getting an additional discount of 30 million VND. Similarly, Toyota Veloz Cross also receives a cash incentive of up to 40 million VND.

Currently, Toyota Veloz Cross and Toyota Avanza Premio have both been assembled domestically instead of being imported from Indonesia as before. Thanks to that, the supply of cars to the market is stable, and the situation of "selling beer with peanuts" that happened during some periods of car shortage has ended.

The domestically assembled Toyota Avanza Premio still has 2 versions with prices of 558 and 598 million VND. The assembled Toyota Veloz Cross has 2 versions with prices of 658 and 698 million VND.

The engine of the domestically assembled Toyota Veloz Cross and Avanza Premio continues to be a 1.5L, 4-cylinder gasoline engine, producing a maximum capacity of 105 horsepower at 6,000 rpm and maximum torque of 138 Nm at 4,200 rpm, combined with a CVT or MT manual transmission.

Suzuki Ertiga, XL7 promotion 25-30 million VND

Suzuki is also not out of the price reduction race when announcing a promotion of 25-30 million VND for the Ertiga and XL7 lines.

Specifically, customers who buy the standard and leather-seat XL7 versions can choose one of two promotions. The first is a 50% registration fee subsidy worth VND30 million. The other option includes a gift package worth VND20 million and a 5.59% car loan interest rate support for the first 6 months.

Suzuki XL7 2022 is only distributed in Vietnam in 1 AT version, priced at 589.9 million VND with fabric seats and 599.9 million VND for the leather seat option. The car is equipped with a KB15 engine, 4 inline cylinders, 1.5L capacity for 103 horsepower and 138 Nm of torque.

Suzuki Hybrid Ertiga.

Suzuki Hybrid Ertiga is currently supported with 50% of the registration fee. The car is distributed in 3 versions including MT, AT and Sport, sold for 539 million, 609 million and 678 million VND respectively. This price is 39 million VND more expensive than the old version. After the promotion, the amount customers receive is reduced by 25 to 30 million VND.

Suzuki Hybrid Ertiga is equipped with a 1.5L engine like the old version, but an electric motor is added to all 3 versions. This helps Suzuki Ertiga Hybrid become the only model with hybrid technology in the price range under 600 million.

KIA Carens cash discount 30 million VND

The KIA Carens model is also currently receiving a cash incentive of 30 million VND for customers purchasing in March. The KIA Carens is currently distributed in the Vietnamese market with 6 versions, with prices ranging from 619-859 million VND.

KIA Carens.

KIA Carens has 3 engine options including 1.5L 4-cylinder naturally aspirated engine combined with IVT intelligent variable transmission, for maximum capacity of 113 horsepower at 6,300 rpm and maximum torque of 144 Nm at 4,500 rpm.

Next is the 1.4L 4-cylinder turbocharged option combined with a 7-speed dual-clutch transmission, with a maximum capacity of 138 horsepower at 6,000 rpm and a maximum torque of 242 Nm from 1,500 to 3,200 rpm and finally the 1.5L diesel engine with a capacity of 113 horsepower and torque of 250 Nm.

Mitsubishi Xpander reduced modestly by only 10-20 million

As for Mitsubishi Xpander, due to high customer demand, the price reduction is not as high as that of its competitors. Customers who buy cars this time only get a discount of 10-20 million VND depending on the version. In addition, the car company gives an additional fuel coupon of 15-20 million VND for automatic versions, and 10 million VND for manual versions.

The new upgraded version of Mitsubishi Xpander 2022 was launched on June 13 last year, with 4 versions: MT, AT, AT Premium and Xpander Cross, all using a 1.5L engine. The selling price of Xpander 2022 currently ranges from 555 - 688 million VND.

Notably, the Xpander Cross 2023 version has just been launched in Vietnam with prices of 698 - 703 million VND, respectively, 10 - 15 million higher than the old version.

This model is equipped with a 1.5L MIVEC engine with 104 horsepower, 141 Nm torque and a 4-speed automatic transmission with front-wheel drive to help the car operate stably and save fuel optimally.