New models of cars and motorbikes are being released one after another, with diverse prices.

Preparing for the shopping market at the end of 2023, car manufacturers are rushing to launch new products with diverse designs, priced at 700 - 800 million VND/car. This price is considered accessible to the majority of car buyers in Vietnam.

New MG5 is a new car model that has just been "launched" in the Vietnamese market. This car model has a selling price of 399 - 499 million VND/car - Photo: BN

New cars in the 700 - 800 million VND segment are being launched en masse.

In September 2023 only,   Nearly 15 new car models of various brands were launched on the market.

Many car manufacturers say the car market will become more vibrant by the end of the year when a series of new, affordable car models are launched. Each car manufacturer has a new, unique design, new features, and competitive prices to attract customers.

A representative of MG Vietnam said that the company has just launched two latest models of the British brand MG. Specifically, the New MG5 model is positioned in the C-class sedan segment but has a competitive price with the B-class car group. The remaining model is the C-class SUV MG RX5.

In Vietnam, New MG5 1.5L MT (manual transmission) costs 399 million VND; New MG5 1.5L CVT STD costs 459 million VND and the higher-end New MG5 version costs 499 million VND.

All three models are available in Vietnam in 5 colors, with a 5-year unlimited mileage warranty. The MG RX5 model is priced at 699 - 799 million VND/car.

According to records, cars priced from 700 - 800 million VND/car are being continuously launched by manufacturers, covering many segments. This is an accessible price range for the majority of car buyers in Vietnam such as Mitsubishi Xpander, Hyundai Accent, Toyota Vios...

Hyundai is also one of the car manufacturers launching new cars in the Vietnamese market.

In particular, Custin, also known as Custo, is Hyundai's first mid-size MPV model, positioned below the Hyundai Staria and above the Hyundai Stargazer. There are 3 versions with a recommended price from 850 million VND (including VAT).

Yamaha launches new Exciter in Vietnam market - Photo: CT

Motorcycle market is more bustling

Not only cars, the motorbike market is also bustling with new vehicles in September. For example, Yamaha Vietnam launched the new Exciter model, with slight changes in appearance, adding ABS option, priced from 48 million VND, an increase of 1-3.5 million.

The new Exciter has 4 versions, standard priced at 48 million VND, premium priced at 51 million VND, ABS priced at 54 million VND and GP/limited priced at 55 million VND.

This price is higher than the previous generation, which was priced from 46.9 - 50.5 million VND, but the old version did not have the ABS brake option. On the market, there is currently the Honda Winner X model, a direct competitor of the Exciter.

Commenting on the automobile and motorbike market, Mr. Nguyen Thanh Vinh - director of a showroom (Binh Thanh District, Ho Chi Minh City) - said that the rush to launch new cars is just the first wave of car manufacturers. After a period of sluggish car market, companies have stirred up business by launching new cars, diversifying in price segments, especially at affordable prices, creating a highlight for the bustling year-end business season.

Tuoitre.vn