Used cars purchased with instalments is in high demand

People’s demand for used cars purchased on an instalment plan is gradually increasing, according to Myanmar Automobile Manufacturer and Distributor Association. Industry experts said that those purchasing used cars make up 70 to 80 per cent of the market. But some interested buyers said the high interest rates have hindered them from purchasing. Industry players […]

19 Sri Lankan car importers team up to operate vehicle business in Myanmar

Taking advantage of Myanmar’s aged car fleet at present as well as tax concessions given for vehicle importers, 19 Sri Lankan car sale companies have teamed up to operate a vehicle business in this Southeast Asian market, vehicle importers said. Indika Sampath Merenchige, President of the Vehicle Importers Association of Lanka, told the Business Times […]