The demand for automobiles appears to be on the rise in Da Nang into year-end, especially in the weeks leading up to the Tet Festival 2019. Notably, midrange cars have been the best-selling vehicles in the city in recent months.

An automobile showroom in the city

Mr Truong Thanh Son, General Director of the city-based Hyundai Song Han Showroom, said several months ago, the Hyundai Thanh Cong Viet Nam Company released some new car models priced at between 400 million VND and 1 billion VND each, including Hyundai i10, Accent, Elantra and Tucson.

“In Da Nang alone, recent months have seen a significant increase in the consumption of these newly-released cars, especially three versions of Hyundai Tucson at the price of 760 million VND each (standard version), 828 million VND each (Hyundai Tucson 1.6 T-GDi Special Edition) and 890 million VND each (Tucson 2.0 Diesel)”, Mr Son added.

Mr Diep Tran Bao, General Director of the city-based Mitsubishi Savico Showroom, remarked his agency has recorded strong growth in their sales since the start of the year.

He added his agency has planned to order and stockpile best-selling automobiles such as Outlander and Xpander. Therefore, the showroom has maintained stable growth in their sales in the locality despite the shortage of imported completely-built-up (CBU) vehicles so far this year.

He noted since August, the consumption of automobiles have increased remarkably, double that of the same period last year.

Currently, Mitsubishi Outlander cars are on sale at the price of 808 million VND each, including VAT, whilst Mitsubishi Xpander cars are priced at 550 million VND each.

Many economic experts predicted that the demand for automobiles would soar from now until the Tet Festival 2019, but car suppliers cannot satisfy growing demand. This is mainly attributed to the low production capacity of domestic car makers, and current difficulties facing by car importers in handling administrative procedures and a lack of infrastructure.