Cambodian Auto market kept growing in January with 486 sales, up a robust 22.7%. Toyota consolidated the leadership, holding 26.3% of market share, ahead of Ford and Hyundai. Outstanding performance was registered by Honda, up in 5th position.
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.