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Mitsubishi Xpander and the series of affordable MPVs are experiencing significant discounts in May. Photo: Vinh Phúc. |
Due to the slow car market in Vietnam, many dealerships are offering substantial discounts on urban MPV models to stimulate demand. Among them, the Toyota Veloz Cross and the Hyundai Stargazer are being discounted by up to 50-100 million VND.
Mitsubishi Xpander discounted by 40 million VND
The popular urban MPV model is currently being discounted by several dealerships to clear inventory of 2022 production cars. In particular, a salesperson at a Mitsubishi dealership in Hanoi revealed that the Xpander AT Premium with a 2022 VIN is being discounted by 30 million VND, bringing the price down to 618 million VND.
Meanwhile, the AT version is also priced at 568 million VND, reduced by 30 million VND compared to the listed price. However, customers can enjoy an additional discount of 5-10 million VND if they complete the payment process before May 28th to boost sales.
Another Mitsubishi dealership in Ho Chi Minh City mentioned that 2022 VIN Xpanders are being discounted by 40 million VND, with the price ranging from 550 to 630 million VND. Customers who purchase the 2023 production cars in May will receive a discount of 10-20 million VND.
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Mitsubishi Xpander heavily discounted by multiple dealers. Photo: B?i H?. |
In addition, this dealership is also offering a package of accessories including a camera and floor mats worth 30 million VND for customers purchasing 2023 VIN Xpanders.
In April, the “MPV king” also experienced a decrease in sales with only 1,084 units sold, a decrease of over 52%. However, the Xpander remains the best-selling MPV in the market.
The Mitsubishi Xpander is currently available in Vietnam with 4 versions: MT, AT, AT Premium, and Cross. Prices range from 555 million VND to 698 million VND.
Toyota Veloz Cross and Toyota Avanza heavily discounted
Recently, Toyota Vietnam has implemented a discount program of up to 32 million VND for both of its MPV models, the Veloz Cross and Avanza Premio. Customers who place an order and complete the payment process from May 16th to June 30th will receive a package of accessories worth 15 million VND and one year of body insurance from Toyota Vietnam.
This program is only applicable to the Top, CVT version of the Veloz Cross and the CVT version of the Avanza Premio.
However, some dealerships are willing to offer additional discounts of tens of millions of VND for both models to increase their competitiveness against the Xpander and the upcoming Honda BR-V. A salesperson at a Toyota dealership in Dong Nai revealed that the 2022 VIN Veloz Cross is currently being discounted by 43-65 million VND depending on the version.
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Toyota Veloz Cross and Toyota Avanza Premio both heavily discounted. Photo: TMV. |
Therefore, after applying the discount, the price of this model will range from 615 to 633 million VND, which is lower than the price of the premium version of the Xpander.
For 2023 production cars, customers who place an order in May will receive a discount of 30 million VND and a package of genuine accessories including leather mats or sun shades.
The Toyota Avanza is also being separately discounted by up to 30 million VND depending on the version. Specifically, the MT version of the Avanza Premio with a 2023 VIN is being discounted by 10 million VND, and the CVT version is being discounted by 20 million VND. Therefore, after applying the discount, the price of the Avanza Premio will range from 548 to 578 million VND.
Hyundai Stargazer and Suzuki Ertiga Hybrid waive registration fee
In May, the Hyundai MPV model continues to receive a 100% waiver of the registration fee to stimulate purchasing. A sales consultant at a Hyundai dealership in the southern region revealed that the Hyundai Stargazer is currently offered a support program that waives 100% of the registration fee, worth nearly 90 million VND.
“This program is only applicable to Stargazers produced in 2022 with very limited quantities,” the salesperson disclosed.
With listed prices ranging from 575 to 685 million VND, the support program for the Hyundai Stargazer in this month is equivalent to a maximum value of 82 million VND depending on the version and registered location.
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Hyundai Stargazer offered a 100% waiver of the registration fee in May. Photo: B?i H?. |
Several Hyundai dealerships are also offering additional discounts of 10-20 million VND to attract customers, bringing the price of this MPV model below 500 million VND, which is equivalent to the price of B-segment sedans. In addition, customers purchasing the Stargazer in May will also receive complimentary body insurance and a package of accessories worth 10 million VND.
The only hybrid MPV in the market is also being supported with a 50% waiver of the registration fee in May to continue competing with rivals in the same segment. Specifically, customers purchasing the Suzuki Ertiga Hybrid in May will receive a 50% waiver of the registration fee along with a one-year insurance package with a maximum value of 40 million VND.
In reality, this discount program has been implemented by Suzuki since the beginning of the year but has not achieved the expected results. In April, the sales of this MPV model only reached 33 units, placing last in terms of sales in the segment.
The Suzuki Ertiga Hybrid is currently distributed in the Vietnamese market with 2 versions, with prices ranging from 538 to 608 million VND depending on the version.
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