Vietnam raises tax on imported used cars
The tax increases on imported used cars have closed all ways for used cars to enter Vietnam.
Car importers say that the high taxes on used imports have made them more expensive and not attractive in the eyes of consumers any more, except super luxury cars.
A used Toyota Camry, for example, will have the sale price of over $50,000, which proves to be uncompetitive.
Car traders have given up used car imports.
A representative of Vinh Hoang Company said that used cars do not attract consumers anymore due to the overly high prices.
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