Land Cruiser out of stock in Vietnam as Toyota faces serious supply issues

[ASEAN NOW News]

A Toyota Land Cruiser is seen in Hanoi. Photo by VnExpress/Minh Quan

 

A supply crunch has forced Toyota dealers across Hanoi and Ho Chi Minh City to stop accepting new Land Cruiser orders, with customers buying from each other at higher prices reported VN Express.

 

The Land Cruiser LC300, an updated version of one of the most sought-after SUVs made by the Japanese automaker, has not been available for pre-order at many dealerships in the two cities since March.

 

Some customers who were able to place pre-orders do not know when exactly their cars would be delivered. Dealerships say it could take nearly a year.

 

Toyota is facing issues with the supply of some models, including the Land Cruiser, due to the shortage of parts, a company representative said.

 

Secondary market

 

Because of the shortage, customers are now buying pre-order contracts from those who have placed the order but no longer have a demand for the car.

 

The new Land Cruiser was first sold in Vietnam in August last year with a price tag of VND500 million ($21,517), but on the secondary market, it is being sold at VND700 million or even VND1.6 billion, which is 40-320 percent higher.

 

Toyota ranked second in sales behind Vietnam's Truong Hai Auto Corporation in the first months with 37,906 units, up 57 percent year-on-year, according to the Vietnam Automobile Manufacturers Association.

 

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