New Import Regs Send Car Prices Rocketing

​​ Car prices are set to rise, industry observers say, in the case of some popular models by as much as 100 percent. The increase, they say, is a consequence of the decisions taken by the government regarding the models to be imported in the coming year. On November 30, the Ministry of Commerce announced […]

Car Import Rules Too Restrictive For Some

Tighter government restrictions on imports, shortage of space and, just maybe, a cooling-off in Yangon’s love affair with the motor vehicle has led to the closure of several car showrooms. About 20 sales centres have applied to close their doors this month, the Ministry of Commerce has announced. The Yangon Supervisory Committee for Motor Vehicles […]

Policy silence hits car import demand

The market for imported luxury cars has been severely damaged by the government’s failure to provide direction on its import policy, according to showroom managers. Showrooms have been unable to import new cars for personal use, because the government in April told township officials in Yangon to stop issuing import recommendation letters, which are necessary […]

Second attempt planned for local car assembly

Developing a domestic car assembly and manufacturing industry may be a difficult task, but proponents claim it will help boost new car ownership levels in the country. With as much as 99 percent of car sales thought to be used vehicles, largely imported from Japan, experts say locally assembled vehicles would help shift the tide […]

Tyred out: importers say tax policy favours used cars

Almost all of the cars imported to Myanmar last year were second-hand, due to a high tax on brand-new vehicles. The government should reconsider its policy relating to the import of new cars, say businesspeople. “As far as I know, most Myanmar citizens import used cars. According to the records from last year, brand new […]