Luxury car brands offer big discounts in October
In this article (5)
Mercedes, BMW, Audi, and Volvo have been slashing their prices by hundreds of millions of dong (VND100 million = US$4,200) in October.
Audi is offering discounts on its A4, A6, A8L, Q2, Q3, Q5, Q5 Sportback, Q7, A7 Sportback, and Q8 models of up to VND300 million.
Mercedes is offering discounts of 6-10% on some locally assembled models such as the C-class and E-class, and 3% on imports like the GLB and GLS.
The C-class, which has a price tag of VND1.599-2.099 billion, is getting discounts of 6%, equivalent to VND95-125 million.
Mercedes is subsidizing registration, which costs 10% in HCMC and 12% in the north, by half for locally made vehicles. The registration fees are calculated based on car prices in each locality. The rates are 12% in Hanoi and northern Hai Phong City, and 10% in Ho Chi Minh City.
Volvo also bears half the registration cost for all models except the V60 Cross Country line for which it pays the full fee.
Truong Hai, a BMW distributor, is offering big discounts.
The prices of the X5, Series 5, Series X3, and Series 3 have been cut by VND160 million, VND80 million, VND70 million, and VND50 million.
Some luxury car distributors said demand is up in October, though still lower than a year ago.
Analysts do not expect vehicle sales to reach last year’s figure of 500,000.
Questions & Answers
Q.Which luxury car brands are offering price reductions in October?
Which luxury car brands are offering price reductions in October?
Mercedes, BMW, Audi, and Volvo have all been reducing their prices in October. Their discounts are being applied across various models, with some brands offering percentage cuts and others specific monetary amounts.
Q.What is Mercedes doing to reduce costs for buyers of its locally assembled models?
What is Mercedes doing to reduce costs for buyers of its locally assembled models?
Mercedes is offering discounts of 6-10% on some locally assembled models. Also, it is subsidising half of the registration cost for these vehicles, which varies between 10% and 12% depending on the locality.
Q.What are the most significant discounts offered by Audi on its luxury car models?
What are the most significant discounts offered by Audi on its luxury car models?
Audi is providing discounts of up to VND300 million on a wide range of its models. These include the A4, A6, A8L, Q2, Q3, Q5, Q5 Sportback, Q7, A7 Sportback, and Q8 models.
Q.What is the current market sentiment regarding vehicle sales compared to last year?
What is the current market sentiment regarding vehicle sales compared to last year?
Luxury car distributors have observed an increase in demand during October, although it remains lower than a year ago. Analysts do not anticipate that total vehicle sales will match last year's figure of 500,000 units.
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