The quiet car market has become bustling after many people, rich overnight thanks to successful securities trading deals, spend on luxury cars.
Hoang Tung, staff member of a PR company in Hanoi, has decided to spend the whole sum of $50,000 he has just got from a securities speculation deal to buy a car for Tet.
After dropping into several showrooms and sales agents, he decided to purchase a Corolla Altis at $34,000.
He said that the sum of money from securities trading was a “godsend”; therefore, he decided to buy a car instead of injecting this sum of money in other deals.
Lai Quang Huy, of a mobile service company, comes to the office early every day. The first thing he does is turn on the computer and access the Internet to gather information about share prices.
After that, he calls his friends and asks them for advice about which shares to purchase and sell.
He has never gone to any trading floor, but he holds several thousand shares of SHB, the postal printing company, and several other companies.
He plans to use the money from securities trading deals to buy an SH brand name motorbike for his wife and a car for him, valued at US$25,000. He has already ordered a Toyota Vios and paid for 70 per cent of the car.
Leaders of a well-known telecom company are worried that there is no room for their staff to park their cars.
Several years ago, only the top 3-4 leaders of the company had their own cars. But since share prices keep skyrocketing, there is no room for parking.
Vu Nam Chung, Director of Nam Chung Trading Services Company specializing in selling cars, has confirmed that he has sold cars to a large number of customers who have got rich from share trading.
The salesmen at Toyota’s agents these days are also busy receiving visitors who come to see the Camry 2007 model, and the buyers.
When launching the two models 2.4 and 3.5Q of the Camry 2007 in November 2006, Toyota just hoped to sell 120 units a month.
However, the number of cars it supplied to agents last December was 300 units, and it will supply the same number this month. The 3.5Q is selling better though it is US$15,300 more expensive than the Camry 2.4.
A salesman at a Vidamco on Le Trong Tan street said the number of customers buying the Chevrolet Captiva, first marketed in October 2006, was far beyond his expectations.
Sales of Vidamco’s vehicles came in dribs and drabs in 2006, but the orders have been big since the end of the year.
The agent had to reject the orders of many clients, some of whom said that they had got big sums of money from shares.
(VnExpress)
Vietnamese
