Despite huge reductions in the price of motor vehicles, car dealerships say sales have been unexpectedly slow in recent weeks. An assembly line at Hyundai Thanh Cong Automobile Factory in northern Ninh Binh Province. – VNA/VNS Photo Thong Nhat Cut price deals, in some cases reductions of tens of millions of dong during recent holidays, failed to attract the expected amount of buyers. Nissen Vietnam slashed prices by up to VND70 million for buyers of Sunny, Navara, X-Trail and SUV Terra vehicles. They also offered deals for registration fees and offered free gifts with certain cars. Isuzu also offered similar sale prices along with Toyota Motor Vietnam (TMV) and BMW, but again, sales slowed. According to the latest report from the Vietnam Automobile Manufacturers’ Association (VAMA), the total sales in April were 21,021, down 35 per year compared with the previous month. Taking into account the sales of 6,176 vehicles of Hyundai Thanh Cong and VAMA member units, the whole Vietnamese automobile market in April reached 27,197 vehicles which was still a drop of more than 29 per cent month-on-month. A VAMA representative, who wanted to remain anonymous, told Vietnamplus that one reason for the downtrend was because of the… Read full this story
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