2020 Imported Car Market in Vietnam: Overview & Trends

The year 2020 marked a turbulent period for the imported car market in Vietnam. The impact of the global pandemic, coupled with adjustments to tax and fee policies, significantly reshaped the industry landscape.

2020 Imported Car Market: Key Highlights

In 2020, the imported car market was heavily impacted by the COVID-19 pandemic, leading to a decline in the number of imported vehicles. However, the luxury and large-capacity vehicle segments maintained a certain level of attraction. Car brands from Japan, South Korea, and Europe continued to dominate the market share. Additionally, the policy of reducing registration fees by 50% for domestically assembled vehicles created intense competition with imported cars.

Impact of COVID-19 on the 2020 imported car market

Popular Imported Car Models in 2020

Popular imported car models in 2020 included SUVs, luxury sedans, and pickup trucks. The trend of choosing fuel-efficient, environmentally friendly, and technologically advanced vehicles became increasingly apparent. Customers also paid more attention to safety and comfort features.

2020 Imported Trucks: Choices for Businesses

In the truck segment, 2020 witnessed the stability of imported trucks from Japan and South Korea. Transport businesses prioritized trucks with a loading capacity of 1 to 8 tons, meeting diverse cargo transportation needs. Similar to the Vietnamese car market in 2019, 2020 also saw fierce competition among truck brands.

2020 Car Import Taxes: Essential Information

2020 car import taxes are a crucial factor affecting the selling price of imported cars. In 2020, car import tax policies remained stable, facilitating market development. However, thorough research on relevant taxes and fees is essential for making informed purchasing decisions.

2020 Imported Car Prices: Diverse Segments

Imported car prices in 2020 varied depending on the brand, model, version, and included equipment. Customers could find models to suit budgets ranging from a few hundred million to billions of Vietnamese Dong. For those seeking affordable cars, cars priced at 400 million VND could be a worthwhile consideration.

2020 imported car prices across various segments

Conclusion

The 2020 imported car market experienced many fluctuations but still held potential opportunities. Understanding information about car models, tax policies, and prices will help customers make smart and effective purchasing decisions. For those seeking a used car, researching used Vios car prices is also a helpful suggestion. Compared to the number of cars in Vietnam in 2018, the number of imported cars in 2020 changed significantly.

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