Automobile market in Khanh Hoa Province has risen remarkably with high purchase in 2015...
Automobile market in Khanh Hoa Province has risen remarkably with high purchase in 2015.
Truong Hai Auto Corporation (THACO) has just opened a showroom at No. 1, 23-10 Street, Nha Trang, displaying and selling automobiles of Kia, Mazda and Peugeot. Another showroom of Ford is under construction on Le Hong Phong Street and is expected to start operation in 2016.
According to Luong Phuc Anh, representative of Saomaianh Co., Ltd, automobile market this year is prosperous. Car purchase has risen by 20 – 40% in general. Some kinds of automobiles have made a twofold rise in sales over 2014. “In 2015, the number of orders in our company sees a 50% rise over that in 2014. To some kinds like Honda City and Honda CRV, buyers have to wait in 1 – 2 months to receive cars”, Anh revealed.
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According to some other car traders in Nha Trang City, there are more and more cars with good prices many families can afford. “Improved traffic infrastructure also accounts for car purchase this year. Mitsubishi sales in particular in Khanh Hoa Province have risen by nearly 50% in 2015”, said Phan Thanh Tri, director of Huy Tan Co., Ltd.
In addition, banks also forward loans for car purchase this year. A hire purchaser by instalments shared, “Interest rates of car purchase loans in 2015 are not high. Loans may be 75% of the car value with the car as security and up to 100% in case of other securities. Applications for loans are simple and quick.”
At present, for a big demand, cars costing from VND400 million to under VND1 billion are in the most competition. Beside good prices, their advantages are new design, good appearance and easy to use. Favorite brand names are Honda City, Mitsubishi Attrage, Toyota Vios, Hyundai Grand i10, Chevrolet Aveo, Kia Picanto, and Ford EcoSport.
Besides, pick-up trucks have more reasonable prices owing to policies on import tax and registration fee. They are selling well now.
More competition has made manufacturers create new designs and reduce prices while distributors raise service and after-sale quality, customer service, etc.
H.Q
Translated by T.T
