Cambodian Auto market in the 2019 is running for the first time over the 5.000 units and will hit the all time record again, for the 10th year in a row. The economic growth is pulling ahead the consumer demand while initiative to cut grey market are reporting early success. Toyota is on the throne as best selling brand with over one fourth of the market in the hands.
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.