Myanmar Vehicles Industry dramatically changed in the 2018, with volumes increased 71.6%, hitting an all-time record with 11.882 units sold. The introduction of several restrictions on right-hand-drive imports and the opening of a new Ford plant has boosted demand.
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. The market is mainly driven by demand for commercial vehicles and Toyota plays the rule of market leader.
Myanmar auto market boomed over 52% in the first half 2015 fueled by roaring economy. The market is still in the infancy and this record is just one of the many expected for the next years.
Myanmar Vehicles Market has been approached by top global OEMs while sales volume will not deliver significant success before years. In the 2014 T.I.V. at 3.732 units was the best ever, ranking as 112 in the World.
Myanmar Automotive Sector is now under the attention of cars big players after that a new political approach has been shown by the government towards more market oriented policies. Market is still fueled by imported pre-owned vehicles.
Myanmar car market is the dustbin of obsolete Japanese cars due to the lack-ness of effective restrictions on used vehicles import and low-income available for car buyers. The flow of obsolete vehicles from Japan is unstoppable.