Auto dealers are offering discounts of up to VND100 million ($4,243) to boost sales after the Lunar New Year shopping season is over.
As many Vietnamese bought their new cars before the annual Tet holidays, which fell from January 20-26, dealerships are seeing a decline in customers showing up or making inquiries online.
Toyota dealerships are offering a VND20-VND30 million discount on the Vios, its best-selling model in Vietnam last year.
The MPV Veloz Cross is on sale with a discount of VND35-VND45 million plus gifts.
The SUV Fortuner, which accounted for 8% of Toyota sales in Vietnam last year, is being sold at some dealerships at a discount of over VND100 million.
A Toyota Corolla Cross is seen in a dealer in Ho Chi Minh City. Photo by VnExpress/Pham Trung
Since earlier February Honda has been offering free registration for its two main models: the City and the SUV CR-V.
Honda City is discounted by VND50-60 million, while the cost of bringing the CR-V home is now VND100 million lower than before Tet.
The Japanese automaker is offering a 50% discount on registration fees for its Attar, Triton and Outlander models.
Rearview cameras are also being given as gifts.
Buyers of the MPV Xpander, Mitsubishi’s best-selling model in Vietnam, will also receive VND10-VND20 million in fuel coupons.
Mitsubishi Xpander AT Premium. Photo obtained by VnExpress
The South Korean manufacturer is selling its i10 at a discount of VND15-VND35 million and the sedan Accent for VND20-VND55 million less.
Discounts of VND25-VND60 million are being offered on the Elantra sedan and the crossover Creta.
The company is also offering a VND70 million discount on the MPV Stargazer and up to VND120 million on the SUV Santa Fe.
The biggest discount in Kia’s lineup falls on the SUV Sorento at VND70 million.
The crossover Sportage, which is assembled in Vietnam, is being discounted by VND50 million, and three SUV models, the Sonet, Seltos and Carens, are now priced at a VND40 million discount.
The cheapest Kia car Morning has a discount of VND30 million.
A Kia Seltos is put on display at Truong Hai Auto Corporation (Thaco)’s headquarters in Quang Nam Province. Photo by VnExpress/Thanh Nhan
A 50% reduction in the registration fee, which equates to around VND30 million, is being offered on the SUV XL7 and the MPV Ertiga.
Nissan is giving a full discount on the registration fee on the Navara VL 4WD and the Pro 4X manufactured in 2022. The standard version is discounted by 50% on the fee.
The sedan Almera also has a free registration fee.
The German automaker is giving customers a cashback of VND35 million on its Polo Hatchback and VND100 million on the SUV Tiguan manufactured in 2022.
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