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 […]