Myanmar Vehicles Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.
Myanmar vehicles market is under the effects of the introduction of new rules aiming to progressively change origin of circulating car park, actually generated by the import of used vehicles from Japan, starting up a local industry of small, modern, low consumption-low emission vehicles. As reported in the previous post on this country, a key decision taken by the government was to ban the import of right-hand-drive vehicles and after one-and-half year of "recommended policy" this become a rule since July 2018.
The effect of this law is sharp for Japanese brands and has already drastically reduced the import of used vehicles. Traders had been forced to change their supplier and now import vehicles from ASEAN countries. But the price are not so convenient and now the new vehicles price become competitive.
The steady expansion of new vehicles segment followed in the recent year was dramatically changed in the 2018, with sales really booming.
A key factor to mention is the recent availability of local made models, after the full rump-up of the production in the new Ford assembly plant (Ranger, Everest) in Yangon and the expanded capacity of Suzuki plant (Ertiga, Carry, Ciaz).
In the 2018, Q1 sales have been 3.208 (+99.4%) and Q2 sales 4.127 (+109.8%) before to end the Q3 with 2.763 units (+37.6%).
In October sales have been 753 (+2.7%) with Year to Date figures at 11.090 (+75.6%) already hitting the all-time record volume.