Although the 2020 Chevrolet Captiva made its official debut in Thailand back in September of 2019, General Motors announced it was withdrawing from the market in February, selling its Rayong assembly plant to Chinese-based Great Wall Motors. Now, customers in Thailand are looking to snap up the new Captiva to take advantage of a sizable 50-percent discount.
According to a recent story from Bangkok Post, some dealers were selling new Chevrolet Captiva 1.5 LS Turbo models for 499,000 baht, or $15,978 at current exchange rates (02/20/2020). That’s a massive discount over the original MSRP of 999,000 baht, or $31,988 at current exchange rates.
The new Chevrolet Captiva isn’t the only Chevy to get a sizable discount in Thailand. The same report also cites pricing for Chevrolet Colorado Trailboss MT 2WD models at 655,000 baht ($20,973 at current exchange rates) from an original MSRP of 859,000 baht ($27,506 at current exchange rates).
With the massive discounts for the new Chevrolet Captiva, one of the most popular models in the region, some dealers have completely exhausted available inventory.
As we covered previously, GM recently announced it was pulling Chevrolet from the Thailand market by the end of the year, while also selling its Thailand manufacturing facilities. General Motors first established operations in Thailand in 2000.
The move is seen as part of GM’s efforts to free up cash for its continuing investments into future-leaning technology, including autonomous vehicle tech, and electric vehicles.
In addition to shuttering its Chevy operations in Thailand, GM has also announced it would retire Holden in Australia and New Zealand.
While customers are keen to take advantage of deep discounts for models like the Chevrolet Captiva, GM Thailand said that it would continue to provide service for customers for the foreseeable future.
Source: Bangkok Post