With the tax policy remaining unchanged, car trade has picked up a bit in the last two weeks, according to the automobile market. A few tax relief measures were incorporated in the draft of the 2018 Union Tax Law. Therefore, dealers were observing the automobile market in the first three months of the calendar year, […]
Car Brokers Refuse to Vacate Crumbling Market Building
November 15, 2017 by
CAR brokers are still using the Thiri Mingalar old market, ignoring warnings by the Yangon City Development Committee that the place is very dangerous as parts of its concrete ceiling have begun to collapse. The Thiri Mingalar market was built in 1997 and has been used for 20 years. Many businesses have been using the […]
How the new vehicle import policy could disrupt the car market
October 27, 2017 by
On October 16, the Supervisory Committee for Motor Vehicles Importing officially released a set of new rules stating that only left-hand-drive vehicles can be imported into Myanmar from 2018 onwards. Those rules have since ignited much criticism from car traders and other stakeholders who foresee the new import policy as having a disruptive impact on […]
Thiri Mingalar Shut-Down Order Draws Focus on Yangon’s Traffic, Car-Park Shortage Problems
August 28, 2017 by
Car brokers are lobbying for the government to provide an alternative compound at Mingalardon Township that is large enough and conducive for them to do business. This, after the Yangon City Development Committee (YCDC) ordered the Thiri Mingalar car centre in Ahlone Township shuttered on August 16. In fact, plans for such a compound to […]
Prices of Used Cars Soar 70% in a Month, Putting Breaks on Demand
May 26, 2017 by
The price of used cars has increased by an average of 70 percent from April to May as the market responds to recent changes to the country’s auto policy, according to industry experts. The price hike has seen slowing demand for once popular used cars this month as buyers are being priced out of the […]
New Import Regs Send Car Prices Rocketing
December 19, 2016 by
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 […]
