Luxury car brands offer big discounts in October

Audi is offering discounts on its A4, A6, A8L, Q2, Q3, Q5, Q5 Sportback, Q7, A7 Sportback, and Q8 models of up to VND300 million.

Mercedes is offering discounts of 6-10% on some locally assembled models such as the C-class and E-class and 3% on imports like the GLB and GLS.

The C-class, which has a price tag of VND1.599-2.099 billion, is getting discounts of 6%, equivalent to VND95-125 million.

Mercedes is subsidizing registration, which costs 10% in HCMC and 12% in the north, by half for locally made vehicles. The registration fees are calculated based on car prices in each locality. The rates are 12% in Hanoi and northern Hai Phong City, and 10% in Ho Chi Minh City.

Volvo is also bearing half the cost of registration for all models except the V60 Cross Country line for which it pays the full fee.

Truong Hai, a BMW distributor, is offering big discounts.

The prices of the X5, Series 5, Series X3, and Series 3 have been cut by VND160 million, VND80 million, VND70 million, and VND50 million.

Some luxury car distributors said demand is up in October though still lower than a year ago.

Analysts do not expect vehicle sales to reach last year’s figure of 500,000.