|Latest model cars in Ho Chi Minh City (Photo: Tuong Chau)|
The local automobile market is dynamic again after having been frozen for many months as low-price cars the stood out at the Autopetro Expo in Ho Chi Minh City in early August promise to hit stores in the near future.
Increasing Automobile Demand
Nearly 100 imported used cars in two months have impacted the local automobile market. However the demand for used car is being subdued.
Plenty of new models are now moving into the market. Ford announced its 5-door Ford Focus geared towards young businessmen and rich youths.
Many promotional programs such as reduced prices have been launched to attract more customers. For instance, new Vios and Corolla Altis cars are US$1,000 – 1,500 less than the old models, although their qualities are better while the luxury taxes for made-in-Viet Nam cars has increased to 10 percent.
According to the VAMA (Viet Nam Automobile Manufacturers Association), its dozens of members sold 3,787 cars in June, an increase of nearly 50 percent from January.
The Right Time to Buy a Car
At the Autopetro Expo on August, many local automobile manufacturers have debuted their latest car models with competitive prices. Vinaxuki Company showcased 18 new truck models and several cars with attractive prices: US$11,500 – 12,900 for a light truck, US$10,780-10,900 for an eight-seat car.
On the other hand, Bao Toan Company, distributor of
Currently Honda is the most popular brand name in
Aside from famous brands like Honda,