Myanmar Vehicles Industry started the 2020 on a negative tone. Indeed, after the previous year all-time record, in January sales fell down 27.8% at 1.062 units. Suzuki keeps dominating with near 50% of the market, while the main followed Toyota dropped down 46.6%.
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 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.