Old car prices soar on the occasion before Lunar New Year

As a matter of fact, at the end of the year, usually, old and new car dealers have many policies to reduce prices to stimulate demand up to hundreds of million dong. However, according to our research from Dai Gia Dinh there are unexpected changes in 2020 when the old car market in particular is tending to increase the selling price. tens of millions of dong.

Visitors refer to old Fortuner in Hanoi. Photo: Collectibles

In fact, all market segments have the same fluctuations. For example, the price of the Hyundai i10 segment A AT 2O17 version 2-3 months ago was priced at about 340 million VND, now it has increased to 350-355 million VND, which is an increase of about 1O-15 million VND. In the high-end market, the price for Vios 2014 G is 420 million VND, the current selling price is 44O-45O million. Similarly, for other high-end models with larger values, the increase is proportionally increased.

Compared to previous years, the price of used cars this year has increased by 5-10%. The most sought-after models mainly come from popular brands such as Toyota, Honda, Kia, Hyundai, Mazda, priced at 3OO-8OO million VND, mainly A, B, C chassis systems and cars. roar high.

According to the used car dealership, the high price of used cars is due to the scarcity of new and used cars. With new cars, customers are eager to buy cars with registration fees, which makes the company unable to supply in time, many customers have to wait until 2O21 to receive the car instead of receiving the reward. Not being able to buy a new car for Tet, customers find an old car with equivalent finance is a suitable choice.

At the same time, the supply of used cars is not enough because the supply from the Central and the South is not as abundant as the previous years. Economic difficulties make people less likely to buy newer cars, and sales of used cars also decrease. In addition, epidemics and floods in the Central region in recent months have greatly increased flooding and vehicle damage. Therefore, showrooms do not import massively.

Despite the price increase, many showrooms said the actual transaction is still very active. Many car dealers revealed that they can still buy cheap cars from users, but sell them at high prices, to use the end of the year to import "huge" cars to compensate for the year 2020 of negative capital. Customers accepting to pay tens of millions of VND to own a Tet car are a common need of Vietnamese car users.

With an old Kia priced 2 months ago has increased by 15 million but still satisfied. In fact, the difference is equal to the rent of a car for two months. Although many customers regret losing money, it is still acceptable because of limited finance, can buy more spacious and comfortable cars in the high-end segment - if you only buy a low-end car, you cannot buy a car. new. .

Many changes have taken place in the Vietnamese auto market in 2020. In the first half of the year, due to the influence of Covid-19, sales of the following month continued to decline sharply compared to the previous month. Since July, when the Government applied the incentive measure of 50% registration, the market suddenly changed again, and demand exceeded the supply capacity of car manufacturers, mainly due to parts imported from Thailand. Lan, Korea, Japan and China were unable to return in time.

Towards the end of the year, this demand is increasing, making the market for new cars and used cars become vibrant. However, some companies estimate that 2020 sales will be 10-15% lower than last year. By 2021, growth is expected to return to higher levels.

Source: Internet

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