A series of car prices increased sharply on the first day of the year, most of them for the same reason

Entering 2023, a series of cars from the low-cost to high-end segments have had their selling prices adjusted, most of them for the same reason about the supply of components.

In 2022, the Vietnamese automobile market will prosper after a period of stagnation due to the epidemic and many other reasons. Also that year, many new car models also arrived in the Vietnamese market, however, just entering 2023, many car models have had a sharp increase in price, stretching from the popular to high-end segments.

In 2022, Toyota Corolla Cross shocked with sales numbers and in 2023 the car was upgraded with some additional equipment to increase competitiveness and was accompanied by an increase in selling price from 9 to 19 million VND. depending on version.


Accordingly, at the beginning of the new year, users have to spend from 755 to 995 million VND to own the urban SUV model with the highest sales in Vietnam last year. In addition, the Toyota Raize small SUV model also has a new price of 563 million VND for the new exterior version, pearl white with black roof, and in the near future the car price may be increased by 5 million VND with the proposed price of 552 VND. – 560 million VND.

In the higher segment, the Ford Everest Titanium 4×2 version has a suggested price of 1,286 billion VND, an increase of 41 million VND. However, along with the increased price comes a series of new equipment such as an additional safety technology and driving assistance package including a 360 camera, automatic anti-glare headlights, adaptive cruise control, blind spot warning, and warning lights. Lane departure and lane keeping assist, collision warning and emergency braking.

Luxury car company Mercedes-Benz also previously adjusted the selling prices for 11 car models including the GLC, E-Class, GLE, GLE Coupe, GLS and S-Class. Among them, GLC 200 has the lowest price increase with only 50 million VND. Mercedes-Benz S 450 4MATIC Luxury has an increase of 180 million VND with a new proposal of 5,559 billion VND.

Specifically, the GLC versions increased by 50 – 70 million VND, the GLE line increased by 150 – 160 million VND, the E-Class line increased by 60 – 80 million VND, and the S-Class increased by 160 – 180 million VND. Some high-performance AMG and super luxury Maybach models also have their prices changed, in which the GLS 480 4MATIC has an increase of 280 million VND and the Maybach GLS 600 4MATIC also increased by 380 million VND.

Another brand, Volkswagen Teramont, also increased by 159 million VND with a new selling price of 2,499 billion VND, the Luxury version of Volkswagen Touareg also increased by 100 million VND with a new selling price of 3,499 billion VND.

Most car companies explain the reason for the price increase is due to increased exchange rates, the impact of inflation plus an insufficient supply of components, causing car prices to increase. Contrary to the two brands on some BMW car lines that have been converted to assembly such as the 3 series, 5 series, the X3 and X5 have more accessible prices than before.

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