Buying and selling cars online – A new trend of Vietnamese people after Tet 2021

The proportion of cars sold before Tet increased

An overview of the car market in Vietnam in the first half of 2020 witnessed many strong fluctuations due to the raging Covid 19 epidemic, and the purchasing power of the six consecutive months declined. Many factories such as Honda, TC Motor, Toyota, Ford, … in Vietnam have to comply with the Government’s decree to suspend operations to prevent epidemics.

Therefore, according to the latest statistics from the Vietnam Automobile Manufacturers Association VAMA, or data from the leading car trading channel in Vietnam Oto.com.vn, in the first 6 months of 2020, the sales only reached 107,183 vehicles, down 30.5% over the same period last year, as well as the time with the lowest sales in the past 5 years.

However, entering the half of a year after 2020, especially at the end of June, the picture of the Vietnamese auto market has changed markedly. At this time, the Government has allowed a 50% reduction in registration fees for domestically assembled cars from 15 – 300 million VND, depending on the brand and model of the vehicle.

Therefore, imported cars are also forced to lower prices to compete, many models are reduced up to 100% of registration fees. This helps the sales of cars before Tet 2021 take place very excitingly. Specifically, in December 2020 alone, car sales reached 65,674 units before the end of the government’s registration fee reduction program launched to the end of December 31, 2020.

The proportion of cars sold after Tet 2021 increased dramatically

Many experts predict that when the policy of reducing 50% of registration fee of the Government ends, it will be difficult to stimulate demand in the car trading market. Not to mention, at the beginning of 2021, the Covid – 19 epidemic continued to break out in Vietnam, so many businesses and individuals had to tighten their spending.

However, according to statistics from Vietnam’s leading used car trading site Oto.com.vn, the number of people interested in buying a car after the 2021 festival tends to grow strongly. Specifically, if in January 2020, the number of people interested in cars is 13,856 people / day. But by 2021, this number increased dramatically to 30,040 people / day. This can be seen, the demand for Vietnamese car shopping after Tet seems to change.

According to experts, the car market in 2021 is like a seed for strong growth after the rain. Although the epidemic is outbreaking and has not been controlled, the proportion of people interested in and buying a car has increased. The cause could be due to:

– Many car manufacturers have more discount and preferential policies, so consumers will enjoy many benefits of buying a good car.

– After Tet is a time of plentiful supply, so customers do not worry about price pressure

– At this point, customers will be supported with more thoughtful advice, as well as get a better practical experience before buying a car.

After Tet 2021 which model is the best-selling car?

According to statistics from the Oto.com.vn website, in 2020, the cars in the Sedan segment such as Hyundai Accent , Toyota Vios, … are always at the top of the best-selling list. However, by the time after the 2021 Tet holiday, Vietnamese customers tend to pay more attention to higher segments such as SUV, MPV, Crossover, …

Specifically, as of January 2021, the best-selling Mitsubishi Xpander, accompanied by models such as Hyundai Kona, Kia Sorento, Kia Seltos, … are also popular with many people.

Buying and selling cars online – New trend of the auto industry

Since the Covid-19 epidemic broke out, the Government introduced regulations on social stretching, so the trend of online buying and selling has become more exciting. In particular, buying and selling cars online is also interested and selected by many people.

Buying a car online will help consumers save their time and effort. At the same time, it helps prevent epidemics effectively.

In particular, the leading car trading channel in Vietnam Oto.com.vn is the top address for many people. With just a few mouse clicks, everyone will be able to grasp all information about the vehicle, incentive program, test drive appointment, … without going directly to the dealer.

Along with that, Oto.com.vn also provides many new features based on research results, user behavior surveys and automotive industry characteristics such as: Directory of showrooms, reputable car shops. , the latest car prices, rolling price estimates, updated car loan interest rates at banks, … to help people easily access and choose the right car.

Now with the development of technology increasingly popular, finding and buying a car online on Oto.com.vn also becomes easier, more convenient, anytime, anywhere with just a few simple steps on the screen.