In the last days of the year, the Ha Tinh automobile market has become bustling. Many people are taking advantage of the 50% reduction in registration fees to choose their favorite "car".
According to Decree 41/2023/ND-CP dated June 28, 2023 of the Government, when people buy cars, semi-trailers and similar vehicles manufactured and assembled domestically, they will receive a 50% reduction in registration fees, effective from July 1, 2023 to December 31, 2023. With less than a week left until the policy expires, many people in Ha Tinh are taking advantage of this time to "finalize" their car purchases.
Ms. Nguyen Thi Hang Nga (Tran Phu ward, Ha Tinh city) said: "At this time, car prices have also decreased, along with a 50% reduction in registration tax, so my family decided to buy a Mazda - CX5 car before December 31, 2023 to enjoy the policy".
Ms. Nguyen Thi Hang Nga's family (Ha Tinh City) decided to buy a car to enjoy the registration tax reduction policy.
Like Ms. Hang Nga, in these last days of the year, many people take advantage of the opportunity to come and see and complete procedures to buy cars in time to enjoy the preferential policies of the State. Ms. Le Thi Cam Tu - Deputy General Director of Hoang Ha Construction, Trading and Automobile Joint Stock Company informed: "In November and December, if customers buy cars from Kia, Mazda... brands at the dealership, they will enjoy the best incentive programs this year. Car prices have decreased along with the reduction of registration tax, so at this time the number of customers buying cars at the showroom has increased by 50 - 60% compared to the beginning of the year. Specifically, from October onwards, on average we sold 30 - 40 cars per month, but now the sales have reached over 100 cars/month".
At the Honda Auto Ha Tinh dealership, in recent days, a large number of customers have come to visit and shop. It is known that since November, sales at this showroom have increased dramatically.
Honda City is a domestically assembled car line that enjoys a tax reduction policy upon registration.
Mr. Le Van Manh (Thach Ha town, Thach Ha district) shared: “Currently, credit institutions in Ha Tinh are increasing the implementation of consumer loan packages, including car loan packages with quite "soft" interest rates. Last week, my family decided to borrow more money from the bank to buy a Honda City car. I calculate that buying a car at this time, when the registration tax is reduced by 50%, we will save tens of millions of dong.”
According to Mr. Le Dang Thanh - Director of Honda Auto Ha Tinh Dealer: "With the benefits of the preferential policy of reducing 50% of registration fees, along with the reduction in car prices and the increase in people's shopping and consumption needs at the end of the year, the car market in Ha Tinh has flourished. Currently, most Honda car buyers decide to get their cars immediately or within 2-3 days to complete the registration procedures. Although compared to the yearly plan, the sales volume has not yet been achieved, compared to the beginning of the year, the dealer's sales have doubled. Currently, the company has proactively arranged all types of cars to deliver to customers in the fastest time".
There is only 1 week left until the registration tax reduction period ends, so at this time many people are "finalizing" to buy cars.
According to research, at car dealerships in Ha Tinh such as Toyota, Hyundai, Peugeot, VinFast, Mitsubishi, Ford... sales have also increased quite strongly, especially domestically assembled cars.
According to the Ha Tinh Tax Department, implementing Decree 41/2023/ND-CP of the Government dated June 28, 2023 on reducing 50% of registration fees for domestically manufactured and assembled cars, semi-trailers and similar vehicles (Decree 41), up to now, the unit has reduced the registration fees for 1,827 cars with a reduction in registration fees of VND 57.3 billion.
Mr. Nguyen Xuan Thuong - Head of Taxpayer Support and Propaganda Department (Ha Tinh Tax Department) said: "With only about 1 week left until the deadline for implementing Decree 41, the Ha Tinh Tax Department is increasing support and creating the most favorable conditions for people when completing procedures to pay car registration fees."
People pay registration fees at the Tax Department of Ha Tinh City - Cam Xuyen area.
According to experts, the 50% reduction in registration fees for domestically assembled and manufactured cars has really brought many benefits to the market, stimulating consumer purchases. This policy helps reduce difficulties for domestic automobile manufacturing and assembly enterprises due to the negative impact of the economic recession during the recovery period after the COVID-19 pandemic, thereby increasing local budget revenue.
Thu Phuong - Phan Tram
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