Running promotional programs and discounts to clear inventory at dealerships is not uncommon in Vietnam. Hyundai dealerships are a typical example.
Currently, some Hyundai dealerships are offering discounts on the large-sized SUV model, Palisade. For the 2023 production year, the Exclusive 6-seater Hyundai Palisade (VIN 2023) is being discounted up to 80 million VND. In addition, some dealerships are offering additional cash or body insurance, which can bring the total value up to 90 million VND.
For the 2024 VIN Hyundai Palisade, the discounts at dealerships will be lower, only about 30 million VND for the standard Exclusive and high-end Prestige versions. The listed prices for these two versions are 1.479 billion VND and 1.589 billion VND.
Compared to the 2024 production year, there is no difference in design or equipment for the 2023 VIN Hyundai Palisade. However, the number and color options of the 2023 VIN vehicles will be more limited. Additionally, when reselling, the 2023 VIN Hyundai Palisade will also have a lower value.
Hyundai Palisade in Vietnam has a total of 4 versions, including the 7-seater Exclusive, 6-seater Exclusive, 7-seater Prestige, and 6-seater Prestige, with prices ranging from 1.469 to 1.589 billion VND. However, the Hyundai Palisade currently available at dealerships is only the 6-seater version. The 7-seater version will arrive at dealerships in April this year.
Hyundai Palisade, a large-sized SUV, was first introduced to the Vietnamese market in September this year. In late 2023, this model was cleared at dealerships due to customers rushing to buy it in order to enjoy the 50% vehicle registration fee reduction policy from the government.
Being cheaper than its competitors in the same segment, Ford Explorer and Volkswagen Teramont, Hyundai Palisade naturally has better sales figures. In 2023, Hyundai sold a total of 413 Palisade vehicles to Vietnamese customers. In January 2024, this large-sized SUV model achieved sales of 85 units, a 67% decrease compared to December 2023 due to the overall market situation.
In addition to being cheaper than its competitors, Hyundai Palisade also has an impressive exterior and full equipment. This large-sized SUV model features LED lighting system, 20-inch rims, power tailgate, front seats with heating/cooling function, 12-way power-adjustable front seats, digital instrument cluster, and a 12.3-inch touchscreen center display, Infinity 12-speaker sound system, panoramic sunroof, 10-inch Head-Up Display (HUD), electronic parking brake, 3-row charging ports, electronic auto-dimming rearview mirror, and more.
The safety features of this Korean SUV model are also abundant with 7 airbags, tire pressure monitoring system, adaptive headlights, blind spot collision avoidance assist, rear cross-traffic collision avoidance assist, exit warning, lane following assist and keeping assist, forward collision-avoidance assist, smart cruise control, driver attention warning, and active parking assist.
The powertrain for the Hyundai Palisade in Vietnam is a 2.2-liter diesel engine, producing a maximum output of 200 horsepower and a peak torque of 440 Nm. It is paired with an 8-speed automatic transmission and HTRAC 4-wheel drive system.
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