Discover why popular used pickups like the Ford Ranger, Toyota Hilux and Mitsubishi Triton are now 8‑16% cheaper. Find the best deals today!
Recent market data shows a noticeable dip in resale prices for top-selling pickup models such as the Ford Ranger, Toyota Hilux and Mitsubishi Triton on Vietnam’s second‑hand vehicle platforms.
How Much Are Prices Falling?
Listings posted over the past week reveal price reductions ranging from 8% to 16% compared with values recorded just a few months ago. For example:
- A 2025 Toyota Hilux with only 4,000 km on the odometer is listed at VND 705 million.
- A 2022 Ford Ranger XLS 2.0 AT now sells for about VND 565 million, down from the typical VND 595‑644 million range.
- A 2018 Ranger Wildtrak 2.0 Bi‑Turbo 4×4, previously quoted at VND 600‑650 million, has slipped to VND 555 million.
Why the Surge in Listings?
Following new traffic regulations announced by the Ministry of Transport (now the Ministry of Construction), many owners are quickly off‑loading their pickups. Some sellers have even posted “quick‑sale” ads despite having owned the vehicle for only a short time.
Owners are also switching to SUVs, which are less restricted in congested city centers. This shift has flooded online groups and marketplaces with a flood of used pickups.
Owner Perspective: From Pickup to SUV
Mr. Trọng Nghĩa, a 2022 Mitsubishi Triton owner from Ho Chi Minh City, explained his decision:
“I’m selling the truck to buy a new Ford Everest Ecoboost. In the city, an SUV is simply more practical for daily traffic.”
He listed his 2022 Triton 4×4 AT for VND 700 million – roughly VND 50 million above the current market average, but justified by recent upgrades such as OME Nitrocharger Plus springs, OME rear load bar, Space suspension, a 90 A Rocket battery, and an ARB front‑bumper guard.
Regulatory Impact
The new Circular 53 classifies most pickups in Vietnam as “commercial vehicles” with a gross vehicle weight of 2 tons or more. Consequently, they face the same inner‑city traffic restrictions as trucks in major cities like Hanoi and Ho Chi Minh City.
These restrictions are driving a clear trend: urban drivers are gravitating toward SUVs, while buyers in regions with fewer traffic limits can still snap up quality pickups at attractive prices.
What This Means for Buyers
If you live outside the heavily regulated metropolitan zones, now is a “golden window” to purchase a well‑maintained pickup at a discounted price. Conversely, city dwellers may want to consider the long‑term convenience of an SUV.
Stay tuned for more updates on the evolving Vietnamese auto market and how policy changes shape buyer behavior.