With a large amount of inventory after the impact of the epidemic, many dealers have massively reduced prices of Mitsubishi Xpander, Hyundai Kona, Mazda 2, Ford Explorer, and Vinfast Lux car models.
The number of cars in inventory is increasing and people’s purchasing power is decreasing, forcing auto businesses to quickly launch attractive incentive programs and promotions, especially for `car models`.
Entering the first half of May, many car manufacturers and distributors in Vietnam continue to offer new, more attractive incentive programs.
The first thing worth mentioning is that the 2019 Ford Explorer SUV model continues to receive incentives of 60-70 million VND in cash at dealers.
Thus, following customers can see that after many price reductions in recent months, this high-end SUV model from Ford is `dropping` uncontrollably from its listed price of VND 2,268 billion to VND 1,999 billion.
Up to now, this car model is only about 1.9 billion VND – a number that is truly shocking for customers who are `followers` of Ford as well as car lovers in the Vietnamese market in general.
Besides, another `hot` car model that often holds the top position in the MPV segment also surprises customers with its shocking incentives and discounts: Mitsubishi Xpander.
Compared to the listed price, Mitsubishi Xpander has been reduced by up to 55 million VND, making many customers not want to miss the opportunity to own it.
In mid-May, the car market also witnessed many car models with strong discounts, including the old 2019 Mazda 2.
Currently, the new Mazda 2020 (called New Mazda 2) is still discounted according to the policy that THACO announced in early May of 30 million VND in cash for both sedan and hatchback variants.
Thus, after applying the discount, Mazda 2 Deluxe automatic standard version is sold at 459 million VND with many great value gifts.
In addition, some Hyundai dealers in the Hanoi area also participated in the `race` to reduce prices and release inventory for the standard Kona 2.0AT series with a discount of up to nearly 66 million VND and foreign options.
Particularly, the Hyundai Kona 2020 version has a reduced price of 25 – 32 million VND along with many attractive accessory promotion packages that also make customers extremely excited.
Particularly impressive among them is Vinfast’s `huge` discount program for two car models, Lux A2.0 and Lux SA2.0, with incentives ranging from 258 to 285 million VND.
Thus, from the beginning of May until now, many `hot` car models have been actively sold by dealers to attract customers back to the car market after the serious effects of the Covid-19 pandemic.