19 May 2024
Car price reductions at the end of 2020 4

Car price reductions at the end of 2020 4

The auto market in December did not have many sudden and deep reductions like at the end of 2019, most promotions were applied by companies and dealers in advance.

The impact of the Covid-19 epidemic has caused weak purchasing power, companies and agents often reduce prices in 2020 as a response to stimulate market demand.

Summary of car price incentives for some brands:


There are no major discounts on Toyota models at dealerships.

Vios 2020 at a Toyota dealer in Thu Duc district, Ho Chi Minh City.

As for the MPV hybrid SUV line, Toyota Rush comes with a 2-year body insurance package worth 16 million VND.


Hyundai car models in December are almost all discounted except the newly launched Accent.


Similar to November, the Japanese car company continued to apply 50% registration fee support for imported car models such as Attrage and Xpander.

The Outlander line is not in abundant supply even though it is assembled domestically and is being supported for 50% of the remaining registration fee on the two 2.0 engine versions.


2021 Everest models have arrived at dealers.

Car price reductions at the end of 2020

Everest 2020 at a Ford dealership in District 2, Ho Chi Minh City.

The new Ranger pickup model, the same shipment imported from Thailand as the Everest, also has a 20 million discount on the lowest version 2.2 MT 4×4 and two 2.0AT Wildtrak versions.


The car model has received a lot of attention from the company, Seltos is currently in short supply.


Similar to Kia, the supply of Mazda car models is not currently abundant, car prices have not changed much compared to November. The two lines CX-5 and CX-8 are discounted by some dealers by 20 million VND depending on the version.

Honda’s motobike

CR-V is Honda’s car model with the highest discount, 60-67 million VND, but this incentive existed before (supporting 50% of the remaining registration fee) and was maintained by the company in the last month of 2020. Other car models such as


The Japanese car company supports 50% of registration fees for the two lines Ertiga and Ciaz, and offers additional physical insurance worth about 35-42 million VND.


The new Navara pickup truck continues to be imported from Thailand by the new distributor VAD, with a discount of 20-36 million on two automatic transmissions, previously applied in November. Other models are still in stock from the only old distributor.

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