Haxaco Group, a leading company in luxury car distribution in Vietnam, expects profits in 2026 to increase 4-5 times compared to 2025, reaching around 180-200 billion VND. This recovery is anticipated through the clearance of old car inventories and enhanced engagement in electric vehicles by acquiring a stake in VFG, a distributor for VinFast. The luxury car market faces challenges with high inventory and declining consumption, necessitating Haxaco to cut car prices. However, sales from the MG distribution remain stable and profitable. By 2026, changes in the Mercedes-Benz lineup, thanks to new technologies and modern designs, will be crucial in attracting customers. Additionally, the maintenance and repair service segment will reduce dependence on new car sales, establishing a solid foundation for growth.
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