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, […]
More buyers expected to opt for new left-hand-drive cars
November 30, 2017 by
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 […]
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 […]
Car Import Rules Too Restrictive For Some
October 28, 2016 by
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 […]
Second attempt planned for local car assembly
October 5, 2015 by
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
June 4, 2015 by
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 […]
