SUV 7-Seater Car Prices Hit All-Time Low, Slashing Over 200 Million VND

SUV 7-seater models continue to receive deep discounts in June. Photo: Bối Hạ.

In early June, the range of 7-seater SUVs continued to apply various promotion programs to quickly clear out the 2022 production cars. Among them, popular names like Ford Everest and Hyundai Santa Fe recorded discounts of up to over 200 million VND.

Hyundai Santa Fe continues to hit rock bottom

The large-sized SUV model from Hyundai also recorded the deepest discount in a year. At the end of Q1, customers who bought Hyundai Santa Fe were offered discounts of 160-180 million VND at many dealerships.

By early June, according to a reporter’s survey, many dealerships have increased the discount to nearly 240 million VND. Specifically, when contacting a Hyundai dealership in Ho Chi Minh City, the consultant there said that this 7-seater SUV is currently discounted by 100-200 million VND depending on the production year.

“The dealership still has a small number of Hyundai Santa Fe with 2022 VIN, so they are discounted to clear out the inventory. In addition, customers who purchase cars in June will also receive a gift package including a camera and floor mats,” the person added.

Hyundai Santa Fe with 2022 VIN are currently being discounted by up to nearly 240 million VND. Photo: TC Group.

However, this discount program is not consistent among different dealerships. When talking to a consultant at another Hyundai dealership in Hanoi, the person said that the discount for Hyundai Santa Fe with 2022 VIN is up to over 240 million VND.

“The price of the standard diesel version of Hyundai Santa Fe is now 985 million VND. The premium diesel version is also priced at around one billion VND. However, there is still a low stock of cars, so customers will have fewer color options,” the person shared.

Thus, by the middle of this year, the price of this 7-seater SUV is only at the range of 985-1.1 billion VND. With the standard diesel version, after adding the on-road costs, it is now only about one billion VND, lower than the previously listed price.

Ford Everest, Toyota Fortuner with 100 million VND discount

Previously, as noted by reporters, the 2022 Ford Everest had been discounted by around 60-80 million VND to clear out the inventory. In June, many dealerships further reduced the prices of this model to quickly clear out the remaining stock.

Specifically, a consultant at a Ford dealership in Ho Chi Minh City said that the dealership is currently covering 50% of the registration fee for all Ford Everest cars. In addition, the Ford Everest with 2022 VIN is discounted by up to 100 million VND.

“The dealership is offering a 100 million VND discount for the 2022 Ford Everest, and the 2023 VIN cars are also discounted by about 60-80 million VND,” the person added.

Ford Everest is currently being discounted by many dealerships by up to 100 million VND to clear out the inventory. Photo: Vĩnh Phúc.

For the 2023 VIN cars, customers will still receive a discount of up to 80 million VND depending on the version. The person also commented that the stock of the 2022 production year cars at many dealerships is still quite low, so customers may have fewer color options.

However, this promotion program has not shown positive signs as the sales of this SUV model have dropped to below 800 cars per month. According to the April sales report by the Vietnam Automobile Manufacturers’ Association (VAMA), Ford Vietnam only sold 754 Everest units, a decrease of over 30% compared to the last month in Q1 (1,088 units).

Toyota Vietnam is currently implementing a discount program worth over 100 million VND for the 2022 Toyota Fortuner model to boost sales in June. Specifically, many dealerships said that this 7-seater SUV is currently discounted by 100-125 million VND depending on the version.

However, when talking to a Toyota dealership in Ho Chi Minh City, the consultant shared that there is only one remaining Legender version with 2022 VIN at the dealership and with limited stock. Customers who want to buy another version should refer to other remaining dealerships.

“The Hyundai Santa Fe with 2022 VIN is now in limited stock with limited color options,” the person commented.

Currently, Toyota Fortuner is distributed in the Vietnamese market with a total of 7 versions, with listed prices ranging from 1.026 billion VND to 1.47 billion VND.

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