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Car dealers cut incentives when registration fees are reduced by 50% 2
No longer a prediction, the prices and incentives of many car models at dealerships were adjusted when the registration for domestically assembled cars was reduced by 50%, officially effective from June 28.
Vios, the company’s best-selling sedan model, decreased by 25-35 million in June and has returned to the listed level, 470-570 million VND or less.
A Vios model at a Toyota dealership in Ho Chi Minh City.
Similarly in Ho Chi Minh City, Vios no longer has a decrease of 20-30 million depending on version like last month.
Like Vios in July, City – Honda’s only assembled car model eligible for registration incentives, is no longer as good as in June. The discount of 30-40 million for Honda City was reduced by dealers.
At Mazda dealers, the new Mazda3 model with a previous reduction of 35-45 million is now only 20-30 million.
At some Hyundai dealers in Hanoi, car prices started to return to the listed level in early July. While in Ho Chi Minh City, the same promotion level as in June is still maintained, sales consultants say that car prices have increased.
A Hyundai Tucson 2.0 2WD model is currently discounted by 11-13 million VND, priced at 788 million VND.
In addition to the four brands above, dealerships of most car brands no longer have many discount programs or attractive accessory giveaways like before.
Many customers even have to pay extra to receive the car.
Decree 70/2020 stipulates a 50% reduction in registration fee collection for domestically assembled cars, effective from June 28 to the end of 2020. This is considered a solution to stimulate consumer demand again after the period of
The price of new wheels can be reduced by tens of millions of dong thanks to the Government’s decision.