Many old motorbikes have been heavily discounted before the tightening of motorbike emissions

Xuyên Đông |

Before applying the motorbike emission roadmap, the used car market fluctuated strongly, some cars were only advertised for sale at 2 to 3 million VND.

gloomy market

Before the roadmap for motorbike emission control being prepared by the authorities, the old motorbike market was unprecedentedly gloomy, vehicle prices plummeted, many models produced before 2008 almost disappeared.

At Chua Ha old motorbike market (Cau Giay district, Hanoi) - one of the largest "units" of old motorbike trading in the North, the current scene is completely opposite to the bustling period before. The shops are close together, the vehicles are long-lined and cover the frontage, but people come to ask to count on the fingers.

Mr. N.T.K, owner of a store here, shared that since Circular 24/2023/TT-BCA of the Ministry of Public Security regulating vehicle license plate identification took effect, the purchase and sale of used cars has become significantly more complicated. "It takes a long time to change owners, buyers are afraid of procedures, so sales have decreased sharply. Before, I sold 20 to 30 cars a month, now sometimes I only sell more than a dozen cars a month," said Mr. K.

The rapid development of electric motorbikes with prices starting from just over 10 million VND has also caused consumers to change direction. New electric vehicles are cheaper, do not consume gas, do not need to register complicated license plates, and are easily accessible to students who are the main customers of old motorbikes.

Mr. N.T.L. The owner of Chua Ha car market said that the market has decreased by 20 30% compared to the same period in previous years. "From April to July every year is the low season, but this year is even worse because there are fewer and fewer customers".

Along the surrounding streets such as Cau Giay, Pham Van Dong..., many stores purchasing used motorbikes are in a similar situation. Many shops even closed early from 4pm due to lack of customers.

SH, Vespa under 20 million

From traditional motorbike markets to online platforms, the price of used motorbikes has dropped to a very low level.

scooters that were once popular, such as the Honda SH Mode in 2016, only 8,500 km, are currently being sold for 13.5 million VND, half of the reference price on the market in the same year.

The 2019 Vespa Sprint and Liberty models are only worth 18 to 20 million VND, although the appearance is still quite new and the engine is guaranteed.

For low-cost gasoline motorbikes. Digital cars such as the Honda Wave in 2010, running about 15,000 km, costing only 2.9 to 3.2 million VND. The 2012 Yamaha Sirius is still original, the engine has not been repaired, and is being advertised for 3.3 million VND. However, according to the seller, "even with such a student price, customers asking to buy are still sparse".

Another factor that is also pushing down the price of used motorbikes is that manufacturers are constantly adjusting policies and deeply reducing prices for new vehicles.

Pre-2008-made cars disappear from the market

Notably, a market survey shows that cars manufactured before 2008 no longer appear in old car stalls. According to the Ministry of Agriculture and Environment, when tightening motorbike emissions, vehicles manufactured before 2008 may be eliminated.

"Now everyone is afraid of buying old cars, because they are afraid that they will not be registered or not be allowed to circulate when the tightening regulations take effect. For 2008 cars and earlier, we do not import them anymore because no one is buying them," said the owner of an old motorbike shop in Chua Ha.

Xuyên Đông
TIN LIÊN QUAN

Suggestions for cheap electric motorbikes, replace old vehicles that are eliminated if motorbike emissions are tightened

|

In the future, many old motorbikes (before 2008) may be eliminated when tightening motorbike emissions. Here is a suggestion for electric vehicles under 30 million.

Gasoline price fluctuations before tightening motorbike emissions

|

The prices of many motorbikes are considered to have luxurious but fuel-efficient designs such as Piaggio or Honda SH125i that are still sky-high ahead of tightening motorbike emission inspection.

The Ministry of Construction proposes to adjust many motorbike emission standards

|

Commenting with the Ministry of Agriculture and Environment on motorbike emission regulations, the Ministry of Construction proposed to amend many regulations.

New regulations of the Secretariat on the apparatus and staffing of Party Committees at the grassroots level at the commune level

|

Regulation No. 298-QD/TW of the Secretariat states the organization of the apparatus, staffing and conditions for ensuring the operation of the Party Committee at the grassroots level at the commune level.

School shooting in Austria, 9 dead

|

9 people died after a shooting incident at a high school in Graz, Austria.

Overall review of the display and conservation of national treasures

|

Deputy Prime Minister Mai Van Chinh requested to review and evaluate the overall display and conservation of national treasures nationwide.

Traders at Dong Xuan market operate at a low level when eliminating contract tax

|

Hanoi - Traders at Dong Xuan market are operating at a low level, facing many difficulties in implementing electronic invoices when selling goods.

The burden on businesses with regulations on additional land use fees collection

|

HCMC - Many opinions say that applying an additional fee of 5.4% on the land amount payable during the period of not yet calculating land use fees is unreasonable.

Suggestions for cheap electric motorbikes, replace old vehicles that are eliminated if motorbike emissions are tightened

Xuyên Đông |

In the future, many old motorbikes (before 2008) may be eliminated when tightening motorbike emissions. Here is a suggestion for electric vehicles under 30 million.

Gasoline price fluctuations before tightening motorbike emissions

Xuyên Đông |

The prices of many motorbikes are considered to have luxurious but fuel-efficient designs such as Piaggio or Honda SH125i that are still sky-high ahead of tightening motorbike emission inspection.

The Ministry of Construction proposes to adjust many motorbike emission standards

Xuyên Đông |

Commenting with the Ministry of Agriculture and Environment on motorbike emission regulations, the Ministry of Construction proposed to amend many regulations.