Venue outsells Raize in September, narrowing gap with rival

Launched to Vietnamese customers at the end of 2023, Hyundai Venue has gradually found its place when it continued to have sales surpassing Toyota Raize in September. According to sales results announced by TC Motor, 482 cars of this Korean brand were delivered to customers, an increase of 62% compared to August.

Toyota Raize also recorded growth in consumption following the general market trend, but only sold 16 more cars than in August.

Hyundai Venue is assembled domestically with 2 versions, suggested retail price 499-539 million VND (Photo: Nguyen Lam).

Experts explain that Toyota Raize continues to lose ground to its Korean rival partly because this model is imported completely and does not enjoy the 50% registration fee support policy like assembled cars. In addition, in September, the Raize was not offered any promotional program by the company.

On the other hand, Hyundai Venue has a 50% reduction in registration fees according to Decree 109 of the Government , and the dealer also offers a further discount in September. The discount level varies depending on the facility, ranging from 10-15 million VND, helping users save a total of about 35-40 million VND (depending on the version).

Competitors' incentives make the price of 498 million VND of Toyota Raize no longer a competitive advantage (Photo: TVN).

In August, VinFast VF 5 Plus was the best-selling product in the A-class crossover segment, with sales of 2,200 vehicles. However, there was no information about the consumption of this electric car in September, so the No. 1 position "went to" Kia Sonet with 742 units delivered, an increase of 72%.

Kia Sonet is currently the product with the most expensive suggested retail price in the segment, starting at 539 million and the highest version at 624 million VND. In fact, the highest price of the Korean car is even more expensive than the low version of a B-class crossover like Mitsubishi Xforce GLX (599 million VND).

However, Sonet is still more popular with Vietnamese customers than Venue and Raize thanks to its strong design and rather large body that gives a spacious feeling. The car has some outstanding "options" after the mid-life upgrade, such as a 10.25-inch entertainment screen and sunroof on the highest version, wireless Apple CarPlay/Android Auto connection and leather seats as standard equipment.

Sales of A-class crossover segment in September 2024 (Photo: Nguyen Lam).

Source: https://dantri.com.vn/o-to-xe-may/venue-ban-vuot-raize-trong-thang-9-rut-ngan-khoang-cach-voi-doi-thu-20241013095529273.htm