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Myanmar auto portal on fast track amid surging demand

THOUGH the lack of stable automobile policies in Myanmar is holding back the potential for an auto boom, CarsDB.com, the nation’s largest automobile marketplace, is confident it will be able to maintain its annual two-fold growth in revenue, according to Wai Phyo Kyaw, co-founder and chief operating officer of the company. “Since the past three […]

80 pc of automobile purchases related to installment system

About 80 per cent of all automobile purchases in the local market are linked to the installment system, said Dr Soe Tun, President of Myanmar Automobile Manufacturers and Distributors Association. The number of people who buy automobiles under the financing and hire purchase system of banks has increased. The number of those buying automobiles with […]

More buyers expected to opt for new left-hand-drive cars

Since the government’s new car import policy permitting only imports of left-hand-drive vehicles into Myanmar from 2018, speculation over the value of existing right-hand-drive cars in the country has risen, prompting rumours of higher prices for such vehicles. While prices have indeed risen, car dealers said consumers ultimately base their purchasing decisions on the car […]