Myanmar vehicles industry

Myanmar 2019. Auto market hit the new all time record

Myanmar Vehicles Industry at the new all time record! Indeed, following the recent years of rapid growth, in the 2019 the market struggled for the first three quarter, but the strong demand in Q4 allowed a recovery with final figures up 3.1% at 19.136. Suzuki is the king with share near 50% ahead of Toyota and Nissan.

Myanmar 2017. Sales up well below expectations

Myanmar Cars Market in the 2017 kept momentum with a steady growth, following the huge increase posted in the previous year. Toyota is market leader ahead of Suzuki and Ford. No effects from new limits to pre-owned vehicles import.

Myanmar 2016. Suzuki starts production in a new record market

Myanmar Auto Sales 2016 at the new all time record again albeit disappointing steps in economic activity and delay on investment regulations. Suzuki celebrates the start of local plant jumping in second place.

Myanmar Vehicles Market in 2015 jumped up sustained by a strong economic growth.

Myanmar Vehicles Market in 2015 jumped up sustained by a strong economic growth. The market is mainly driven by demand for commercial vehicles and Toyota plays the rule of market leader.

Myanmar car market

Myanmar 2021. Market Drops A Sharp 68.1% Due To Severe Political Instability

Myanmar car market in 2021 drops 68.1% with 5,008 sales, reporting an extremely sharp drop after the coup d'état. Leader Suzuki maintains 37.4% share.

Myanmar 2023. Vehicle Market Is Converted In EV By Military Regime

Myanmar Vehicles Industry is under restructuring process, imposed by military regime. In 2023 new vehicles sales dropped by 46% as ICE models are progressively banned and EVs incentivized.