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Japanese luxury car company adjusts selling price in Vietnam

Friday, May 13, 2022 13:30 PM (GMT+7)

Lexus has just adjusted the selling price of some models being distributed in Vietnam.

After Toyota, Lexus Vietnam also adjusted to increase the prices of some of its car models, including ES, RX300, RX350, GX and LM from May 1, 2022. The selling price has not been disclosed yet, but the increase will range from VND 40 million to VND 70 million, depending on the version.

Currently, Lexus is offering a total of 9 models in the Vietnamese market, including sedans, SUVs and MPVs, along with a few coupe models. The models that are adjusted to increase the selling price on most of them are the main models, accounting for most of the company’s sales.

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The reason for this upward adjustment in car sales is because the prices of steel, oil, and chips are also increasing, affecting supply worldwide. Most current Lexus models have to wait from 3-6 months. The increase will be applied from May 1.

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However, customers who deposit or refer to the car before will have to agree on the selling price with the dealer by a signed contract, to avoid controversy when ordering is one price and receiving the car is another. Previously, Toyota also announced an increased price list for a series of cars distributed in Vietnam. And the new selling price also takes effect from May 1.

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Adjustment level Lexus car May 2022:

Vehicles

Adjustment level (unit: million VND)

Lexus ES

40

Lexus RX300

50

Lexus RX350

60

Lexus GX

70

Lexus LM

70

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