Myanmar clunkers ‘scrapped’ to make room for new cars

Automakers are seeking pole position in possibly one of the world’s fastest growing markets for new and used cars. YANGON — Mr Mike Shwe Hlaing has a lot full of used SUVs and a potentially huge market to sell them to if Myanmar manages to spread some of the affluence blooming in its biggest city […]

Nissan and Mercedes race to enter the Myanmar market

Competition among global automakers to establish their brands in Myanmar is intensifying with Nissan and Mercedes joining the race to take advantage of the market’s long-term growth prospects. Although used cars currently comprise up to 99 percent of annual domestic sales, industry insiders say automakers are staking out territory with an eye to future market […]