Cambodian Auto market In the 2019 the market even accelerated probably for the combined effect of the reduction of grey market and strong consumer demand and will hit the new all time record, the 10th in a row. Indeed in the first ten months of the year, light vehicles have been 7.580 up a robust 61% from the corresponding period last year.
Cambodian Auto market keeps growing despite the absurd fiscal system in place, which penalized the import of regular new vehicles sustaining trading activities for pre-registered models and for pre-owned obsolete vehicles. In the 2018 the market improved 8%
Cambodian vehicles market is full of contradictions and the increase of duties over new vehicles registrations generated a relevant flow of grey market for near zero kilometers cars while the official market growth was blocked. Full Year 2017 official sales declined 0.8%
Cambodia Autos 2016 pushed up by strong economic growth hitting the new all time record and gaining the 10% of total vehicles imported in the country, albeit duties improved at over 125%. Hyundai the leader.