Toyota Land Cruiser out of stock in Vietnam

The Land Cruiser LC300, a new version of one of the most sought-after SUVs made by the Japanese automaker, has not been available for pre-order at many dealerships in the two cities since March.

Some customers who were able to place pre-orders do not know when exactly their cars would be delivered. Dealerships say it could take nearly a year.

Toyota is facing issues with supply of some models, including the Land Cruiser, due to the shortage of parts, a company representative said.

Because of the shortage, customers are now buying pre-order contracts from those who have placed the order but no longer have a demand for the car.

The new Land Cruiser was first sold in Vietnam in August last year with a price tag of VND500 million ($21,517), but on the secondary market it is being sold at VND700 million or even VND1.6 billion, which is 40-320 percent higher.

Toyota ranked second in sales behind Vietnam’s Truong Hai Auto Corporation in the first months with 37,906 units, up 57 percent year-on-year, according to the Vietnam Automobile Manufacturers Association.