Personalised Registration Plate Price Rises Due

The automobile market is being patronized by a large number of customers of late, even though policymakers proposed to raise personalised registration plate fees to reduce number of private automobiles to curb traffic congestion.

Buying demand unexpectedly jumped a week after Hanoi and Ho Chi Minh City suggested an increase in personalised registration plate fees of automobiles to 15-20 percent from January 1, 2012.

Personalised Registration Plate Y31 LOW

Although a raise in automobile registration fees had been mentioned in Decree 45 since end of June, the automobile market actually became vibrant after recent meetings of the People’s Council of Hanoi and Ho Chi Minh City.

A month before the new regulation officially takes effect several automobiles stores in Ho Chi Minh City have amassed all kinds of cars, from regular models to luxury class. Thus, with only a little more than two weeks left for implementation of the new registration policy, car stores are well stocked and ready to serve customers.

According to Ngo Thanh Tri, in charge of sales in Western Ford, after seeing a slump in sales during the first months of the year, the local automobile market has positively changed thanks to the issue of Decree 45. However, the market actually heated up only when more customers began visiting car stores to buy. This raised company revenues by more than 30 percent in the last few months.

Automobiles stores on Tran Hung Dao Street in District 1 and Dien Bien Phu Street in Binh Thanh District have seen a large number of customers recently. Customers asked for new cars, domestically-assembled cars,   imported cars and even second-hand cars.