Business

Car prices fall sharply in the first months of the year

A number of large manufacturers slashed car prices early this year, signaling fierce competition in the Vietnamese auto market.
Car prices fall sharply in the first months of the year ảnh 1Honda Vietnam offers to pay 100% of registration fees for customers buying Honda CR-V and Honda City cars. (Photo: vtv.vn)
HCM City (VNS/VNA) - A number of large manufacturers slashed carprices early this year, signaling fierce competition in theVietnamese auto market.

Sales agents are offering attractive preferences such as paying 100% of theregistration fee and also giving extra packages of accessories to attractpeople who want to buy cars.

Many Hyundai sales agents in HCM City are offering a price discount from 20million VND to 103 million VND (855- 4,400 USD) for popular Hyundai modelssuch as Grand i10, Accent, Elantra, Tucson, Stargazer and Santa Fe.

Meanwhile, Honda Vietnam has just announced to pay 100% of the registration feefor customers buying Honda CR-V and Honda City cars from February 4 to 28.

In addition, the company's dealers are also offering car bodyinsurance and dozens of accessories for car buyers.

Many other car manufacturers such as Mazda, Mitsubishi, Kia, Subaru, Nissan,and Suzuki are also launching discount programmes for many models fromseveral tens of millions of dong as well as offering to pay 50to 100% of registration fees.

According to car dealers in the city, the reason why car prices are falling isdue to weak consumption in the first months of the year while the inventory ofcars is quite large, forcing dealers to reduce prices in order toreduce inventory and then import new car models./.
VNA
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