Xe ô tô nhập khẩu về Việt Nam giảm xuống đáy hơn bao giờ hết | Tin tức 24h

Summary

The auto import market in Vietnam has been struggling, with imports in early 2024 down significantly. Luxury brands like Mercedes, BMW, Volvo and more have offered huge discounts, some over $20,000, to boost lagging sales. Experts explain this is due to economic hardship reducing demand, plus high inventory still remaining from 2023. As EVFTA trade deal tax cuts continue, 2024 should see EU import taxes fall to 37-42.5%, reducing luxury car prices further and attracting more high-end models.

Takeaways

• 😀 In the first half of January 2024, only 1053 CBU cars were imported to Vietnam, down sharply compared to previous years.
• 😞 The best-selling CBU cars were those with 9 seats or less, accounting for over 88% of imports.
• 😩 Imports of CBU cars from Thailand and Indonesia accounted for the majority.
• 🤔 Average price of imported cars with 9 seats or less was over $3400, not including tax and fees.
• 🧐 Many automakers like Mercedes, BMW, Volvo offered big discounts up to $20,000 to boost sales.
• 😯Prices of used luxury cars like Mercedes, BMW, Audi dropped dramatically compared to 3 years ago.
• 😲 Operating costs of used luxury cars are very high, deterring buyers despite low prices.
• 😀 Import tariffs on CBU cars from EU will be cut annually, reaching 0% in 2030 under EVFTA.
• 🤑 Lower import tariffs will further reduce prices of imported luxury cars starting 2024.
• 😊 Industry expects demand to shift from economy to mid-range luxury cars priced $50,000-$100,000.

Q & A

What was the total number and value of imported cars in the first half of January 2024?

In the first half of January 2024, Vietnam imported a total of 1,053 completely built unit (CBU) cars of all types, with a total value of about USD 39 million.

Which vehicle category accounted for the majority of imported cars in that period?

Cars with 9 seats or less accounted for the majority of imported vehicles in the first half of January 2024, with 591 units imported worth nearly USD 18 million.

What was the average price of imported cars with 9 seats or less?

The average price of imported cars with 9 seats or less, not including taxes and fees, was over USD 3,456, equivalent to about VND 743 million per unit.

Why have car imports slowed dramatically?

Car imports have slowed due to weak domestic demand and high inventory levels, prompting automakers to reduce imports in 2024 to clear existing stock.

Which countries were the top sources of imported cars in 2023?

Thailand, Indonesia and China were the top sources of imported cars in 2023, accounting for over 50,000, 40,000 and 9,000 units respectively.

How have luxury carmakers responded to weak sales?

Many luxury car brands like Mercedes-Benz, BMW and Volvo have introduced promotional campaigns with discounts of hundreds of millions VND to boost sales.

Why have used luxury car prices dropped sharply?

Used luxury car prices have declined due to weak demand, high inventory levels, and increased competition, making them more affordable than ever.

How will the EVFTA impact car imports from 2024 onward?

Under the EVFTA commitments, import tariffs on EU cars will be cut annually, reaching 0% in 2029, significantly reducing prices.

Which car segments are forecast to grow strongly?

Mid-range luxury cars priced from 1.5 to 3 billion VND are forecast to see strong growth in sales.

What barriers to EU car imports will be eliminated?

Non-tariff barriers like burdensome administrative procedures will be eliminated. Only technical barriers will remain after 5 years.