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Tens of thousands of Thai cars were unable to return to Vietnam due to Covid-19
According to the report on the import of cars in March and the first 3 months of the General Customs Department, Ministry of Finance, at the end of March, the number of Thai cars imported into Vietnam. reduction of 14,500 units during the same period last year. Thai car sales fell to 94% of the cars on the market.
Thai cars in Vietnam fell the most
The number of imported Thai cars is less, companies also focus on importing high-priced cars. According to the customs report, the average price declared in the past 3 months, Thai cars reached almost VND 500 million / unit, while in the same period last year, the average price of cars was only 440 million / unit .
Currently, Thai models imported into Vietnam are Honda brands such as CRV, City, Civic or Brio. In addition, there are also key trucks like Ford Ranger, Mazda BT50, Nissan Navara, Mitsubishi Triton …
Car sale sinking to the bottom of 10 years on
If the Covid-19 epidemic persists, automobile production and sales in Vietnam may decline to the lowest level in the past 10 years.
The gloomiest auto market of the past decade with the disease.
According to a report by the Vietnam Automobile Manufacturers Association (VAMA), total sales for the entire market in the first quarter of 2020 decreased by 33% compared to the first quarter of 2019. In which, the tourist car it fell by 35%, the commercial car was down 26%, and the specialty car was down 32%. For domestically produced cars alone, sales in the first quarter of 2020 decreased by 28% compared to the first quarter of 2019.
Currently, most auto companies have stopped production to limit the risk of the spread of disease. Many car launch events are canceled. Car dealerships also temporarily closed.
According to the forecasts of the Vietnam Automobile Manufacturers Association (VAMA), by 2020, the automobile market will grow 15%. If the epidemic continues for a long time, car production and sales in Vietnam may decline to the lowest level in the past 10 years. Lower demand led to lower production, and companies were forced to cut labor.
The price of a series of luxury cars fell hundreds of millions of dong
Some luxury cars of BMW, Mercedes, Lexus or Ford prices dropped from several tens of millions to several hundred million VNDs in the midst of the peak season of the Covid-19 epidemic.
A series of luxury cars up to the price
According to dealers and online dealerships, models like BMW X7 Series730Li, X6 xDrive35i, Lexus ES 250, Mercedes GLA 250 4Matic and Ford Explorer have dealer prices lower than listed price, price decreased from 40 million to over 300 million .
Reduced prices of luxury cars, luxury cars show that sales of some cars are not good. Additionally, to launch newer models, brands and distributors must lower prices to eliminate inventory.
Many car models “immune” with the damage of Covid-19
While the entire car market plummeted, it plummeted due to the impact of Covid-19, in contrast to many high-selling models, which remained “on top” of sales.
Popular cars in the first 3 months of the year have stable sales
According to the latest VAMA report, the models that were not too affected by the Covid-19 epidemic the last time around were Toyota Vios, Hyundai Accent, i10, Mitsubishi … All of these models have sales in 3 months. the start reaches more than 3,000 units, an average of 1,000 units / month.
Many auto factories in Vietnam still stop production.
Although some localities have expired their isolation and outside of high-risk areas, most automakers still have stop working manufacture, assemble vehicles or operate only in moderation, minimal quantities.
Most vehicle manufacturing and assembly factories in Vietnam still stopped production due to Covid-19
Firms still on hiatus through April 22 include Toyota Vietnam, Honda Vietnam, Ford Vietnam, TCMotor, VinFast or Thaco (operating 1/3).
A series of “hot” cars with a discount of more than 200 million VND
After a series of cars with a price discount of over VND 100 million during the Covid-19 season as Toyota Fortuner, Innova, Honda CR-V, Mazda CX-8 Volswagen recently increased the fever by adjusting the price of two main products, Tiguan Allspace and Passat, to more than VND 200 million.
A series of discounted cars to catch the season
It can be seen that the Covid-19 epidemic is affecting all aspects of social life and creating an unprecedented wave of discounts in the Vietnamese auto market. Many large automakers such as Toyota, Honda, Ford, Mazda, VinFast … continuously reduced the prices of many models from the beginning of the year until now, which is very rare in previous years.
A linh
(Summary)
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