your queue:
Dong fall sends car prices up
2011-0222
The sharp increase of the U.S. dollar against the Vietnamese dong has prompted auto manufacturers, importers and dealers to push up prices of almost all imported and locally assembled cars.
Vietnam Daewoo Motor Co. (Vidamco) and Ford Vietnam announced on Thursday to adjust up their prices following the shocking dong devaluation, two days after Toyota Vietnam as the market leader marked up their products.
The State Bank of Vietnam (SBV) last week devalued the local currency by 9.3%.
Vidamco has introduced higher prices of most of GM Daewoo auto brands including Spark, Gentra, Lacetii, Cruze, Vivant and Captiva. The highest price increase of over VND53 million goes to Captiva LTZ that now sells for VND792 million per unit, while GM Daewoo Spark Van has the smallest price hike, at over VND14 million per unit, which sends its price rising to VND213 million.
Lacetti 1.6 EX has jumped to VND434 million from VND405 million, Vivant 2.0 CDX AT to VND572 million from VND534 million, and Cruze 1.8 LT to some VND591 million, up by nearly VND40 million.
Ford Vietnam on Thursday announced its price hikes by between VND37 million and VND66.5 million a unit. Previously, some Ford dealers raised prices shortly after the exchange rate upward adjustment although the company had no reaction at the time.
Ford Mondeo 2.3 AT CKD gets the highest price increase of VND66.5 million to more than VND992 million per unit, and Focus 1.8L AT 5drs is up from some VND579 million to over VND620 million per unit.
Ford Escape XLS 2.3 4x2 is up to nearly VND740 million from the previous VND690 million, Ford Everest 2.5L D 4x4 MT to VND961 million from the former VND896 million, and Ford Ranger BU XL D 4X4 is up by around VND40 million to VND593 million.
Hyundai Thanh Cong Vietnam Auto Company, the distributor of Korean Hyundai vehicles, has posted up new prices in response to the dollar rise against the dong, with spikes ranging from VND11 million to VND78 million per unit.
Best-selling Hyundai models on the local market including Tucson and Santa Fe have soared by VND22-27 million per unit.
Some other local automakers and importers have yet to make a move, but most of their dealers now apply a new exchange rate for new contracts.
Vietnam Daewoo Motor Co. (Vidamco) and Ford Vietnam announced on Thursday to adjust up their prices following the shocking dong devaluation, two days after Toyota Vietnam as the market leader marked up their products.
The State Bank of Vietnam (SBV) last week devalued the local currency by 9.3%.
Vidamco has introduced higher prices of most of GM Daewoo auto brands including Spark, Gentra, Lacetii, Cruze, Vivant and Captiva. The highest price increase of over VND53 million goes to Captiva LTZ that now sells for VND792 million per unit, while GM Daewoo Spark Van has the smallest price hike, at over VND14 million per unit, which sends its price rising to VND213 million.
Lacetti 1.6 EX has jumped to VND434 million from VND405 million, Vivant 2.0 CDX AT to VND572 million from VND534 million, and Cruze 1.8 LT to some VND591 million, up by nearly VND40 million.
Ford Vietnam on Thursday announced its price hikes by between VND37 million and VND66.5 million a unit. Previously, some Ford dealers raised prices shortly after the exchange rate upward adjustment although the company had no reaction at the time.
Ford Mondeo 2.3 AT CKD gets the highest price increase of VND66.5 million to more than VND992 million per unit, and Focus 1.8L AT 5drs is up from some VND579 million to over VND620 million per unit.
Ford Escape XLS 2.3 4x2 is up to nearly VND740 million from the previous VND690 million, Ford Everest 2.5L D 4x4 MT to VND961 million from the former VND896 million, and Ford Ranger BU XL D 4X4 is up by around VND40 million to VND593 million.
Hyundai Thanh Cong Vietnam Auto Company, the distributor of Korean Hyundai vehicles, has posted up new prices in response to the dollar rise against the dong, with spikes ranging from VND11 million to VND78 million per unit.
Best-selling Hyundai models on the local market including Tucson and Santa Fe have soared by VND22-27 million per unit.
Some other local automakers and importers have yet to make a move, but most of their dealers now apply a new exchange rate for new contracts.
Source: SGT
Other news ::.
Toyota unveils price hikes (02/18)
CBUs ruffle VAMA’s feathers (02/16)