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A lot of people now working from home and retirees moving here that don’t put on a lot of miles. About every ad I’ve seen for a lease is 10k miles. Don’t forget you would be saving about $4000 in gas. There are a lot of people out there now that can’t afford a new car any other way.
I saw a VinFast today! Green one around 4 PM in the Ten-Ten area where it crosses US-1. So Leith is moving some metal.
They've sold / leased 15 cars so far, with a big acceleration after the lease deal was introduced. The Vinfast deals in CA and NC are now one of the cheapest lease deals in the entire country. You can't even lease a little Kia Soul cute-ute with bare bones features for that little.
Vinfast didn't sell many cars this year and missed their year end estimates so are going to offer heavy discounts to meet their sales projections. How long they can sustain selling the cars at a big loss is anybody's guess.
They've sold / leased 15 cars so far, with a big acceleration after the lease deal was introduced. The Vinfast deals in CA and NC are now one of the cheapest lease deals in the entire country. You can't even lease a little Kia Soul cute-ute with bare bones features for that little.
Vinfast didn't sell many cars this year and missed their year end estimates so are going to offer heavy discounts to meet their sales projections. How long they can sustain selling the cars at a big loss is anybody's guess.
It takes time to establish business and growth in a new market area much less the EV market, so I'm sure they've accounted for having a slow start. I remember when Hyundai first cam to the US. Their cars were junk and they were competing against Toyota which was hugely popular with consumers at the time but look where Hyundai is today.
It takes time to establish business and growth in a new market area much less the EV market, so I'm sure they've accounted for having a slow start. I remember when Hyundai first cam to the US. Their cars were junk and they were competing against Toyota which was hugely popular with consumers at the time but look where Hyundai is today.
When Toyota began selling cars across the U.S., many people laughed. "Made in Japan". By the late 1970s, no one in Detroit was laughing any more.
When Toyota began selling cars across the U.S., many people laughed. "Made in Japan". By the late 1970s, no one in Detroit was laughing any more.
OTOH - I remember when a co-worker bought a Yugo in the 80s. After a week or so, his wife called and said the car had suddenly died. What they thought was a car getting great gas mileage turned out to be a defective gas gauge, as it had simply run out of gas. It went downhill from there.
OTOH - I remember when a co-worker bought a Yugo in the 80s. After a week or so, his wife called and said the car had suddenly died. What they thought was a car getting great gas mileage turned out to be a defective gas gauge, as it had simply run out of gas. It went downhill from there.
The big question on Vinfast is will they be a Toyota / Hyundai / Honda or will they be a Yugo / Suzuki / Daihatsu / Daewoo / Mahindra / Izuzu. While some brands entered the US successfully, it isn't a slam dunk and many have failed. Mitsubishi is hanging on in the US market at low scale too, but hardly a success story ~100,000 units / year.
We'll see what happens! Offering your cars priced well below competitors is definitely a good strategy to make a name for yourself and encourage adoption.
I bought a 1990 Diahatsu Charade when I was 20. My first car that wasn’t given to me by my parents. It was a good little car. Had a 1.0 liter 3 cylinder engine and got killer gas mileage. Less than $7000 and the payments were $133.82, LOL.
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