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HIGHLIGHTS OF THE AUTOMOBILE INDUSTRY 2018: VU MONG XE CHEAP PRICE, VINFAST BECOME THE STATUS OF THE YEAR

02/01/2019 15:23

Many outstanding events of the automotive industry in 2018 including the impact of Decree 116, the price of cars is not as cheap as expected or the launch of the first Vietnamese brand car of VinFast ...

Obstructing barriers from policies and imported cars to drip the first half of the year

Import tariffs on cars from ASEAN to 0% from 2018 were expected to open doors for cars manufactured in Thailand and Indonesia ... to flow to Vietnam, however, it actually happened in the first 6 months. 2018 is the exact opposite.

The reason is that, Decree 116 stipulates conditions of production, assembly and import of maintenance services to create a barrier and tighten the importation of automobiles of enterprises. .

New regulations on papers, procedures for inspection of emission standards, technical safety ... make it more than half a year for imported car trading enterprises to meet. Until September 2018, the importation of automobile enterprises began to reopen. And from then until the end of the year, the number of imported cars increased continuously, especially from ASEAN countries.

"Disillusion" car prices fall

The idea that after being exempted from automobile import tax from ASEAN, the price of cars in Vietnam will decrease in accordance with the expectation of the people, but the imported cars will come back, the supply will drop sharply while the cars are assembled in the country does not supply enough in some segments ... leading to the shortage of goods and prices in the market.

Many new models have been brought to the Vietnamese market and remain high, not much, or even higher than before. For example, Honda CR-V has increased prices many times, currently priced from VND 973 million to VND 1,083 billion. Toyota Fortuner is also an imported car even with an increase compared to last year, the current price from VND 1,026 billion to VND 1,362 billion. Toyota Fotuner is quoted by dealers as an increase of nearly VND 100 million with accessories package.

Many new models appeared

The automotive market in 2018 marks the appearance of many new cars appearing in Vietnam. With import tax exemptions from ASEAN, automakers actively bring in new models of many segments in the second half of 2018.

Toyota brought in three models of Wigo, Avanza and Rush. These models are targeted at segments A, MPV and 7-seater cheap SUV. Mitsubishi also introduced the Xpander model with two MT and AT versions. Then Honda also introduced HR-V, a B-SUV model imported from Thailand ...

VinFast phenomenon

 
In the first half of 2018 Vinfast is considered the most popular name in the automotive sector in Vietnam after it announced projects to produce electric cars, sedans and SUVs, and revealed two displays of two models. At the 2018 Paris Motor Show, this is the first time a Vietnamese carmaker has stepped into the big sea, cooperating with giants like BMW, Bosch, Pininfarina, Magna Steyr to produce cars.

One month after attending the Paris auto show, VinFast continued to bring Lux A 2.0, Lux SA 2.0 along with a small car Fadil and Klara electric motorbike to Vietnamese consumers. The event of displaying and opening sales orders of VinFast cars held in big cities has attracted the attention of the people.

Cars constantly fail

In 2018, Vietnamese customers constantly have to witness big automobile recall, many times over 10,000 units with famous cars. Some cases can be mentioned such as Mercedes GLC got water in because of the previous wrong, Honda CR-V rust ring with the letter A behind the wheel, ...

Opening the "chain" of automobile recall programs in 2018 is Honda Vietnam's City car model (HVN). Specifically, in 2/2018 on the HVN side issued a recall notice for 1,524 Honda City vehicles due to safety airbag error. The number of Honda City cars in the recall phase is produced during the period from May 25, 2013 to January 6, 2014.

However, Ford Vietnam is the only company to hold the "throne" of recalling fault vehicles in Vietnam in 2018. The first is the recall for minibus Transit in June 2018. A total of 549 units were retired, assembled in Vietnam. The second recall involves 6,938 Ford Transit vehicles from 2013-2016 due to the fault of the crankshaft position sensor (CKP). The third recall took place in December 2018, when Ford Vietnam issued a simultaneous recall notice for two models, the Ranger and Fiesta. Specifically, a total of 17,132 vehicles were recalled, of which 10,814 Ranger imported from Thailand produced from May 23, 2011 to May 20, 2015 and 6,318 Fiesta produced from November 2, 2011. 2010 to November 15, 2013.

Status of selling cars "beer with touch"

The year-on-year increase in demand has led some dealers of brands to allow customers to place car deposits along with accessories to pick up cars earlier, which is also called by many people to buy "attached beer." lost". The situation mainly occurs for passenger cars, such as Honda CR-V, Ford Ranger, Toyota Fortuner ...

At the end of the year with the number of cars imported to the east, this phenomenon did not diminish. Moreover, after more imported cars, the sale of "beer with touch" also occurs more often.

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