Focus2Move
Myanmar car market is the dustbin of obsolete Japanese cars.
Myanmar car market is the dustbin of obsolete Japanese cars due to the lack-ness of effective confinements on used vehicles import and low-income available for car buyers. The flow of obsolete vehicles from Japan is unstoppable.
Myanmar is the world’s 24th country as citizens (54 million) while only the 77th as GDP, with a pro capita income at only US $ 1.600, the world’s 224th. This is one of the country were poverty is touchable, in spite of various natural resources, as effect of a long blind dictatorship.
Half a century of authoritarian rule, isolation and crippling sanctions have left Myanmar’s streets with one of the world’s oldest vehicle fleets, predominated by wheezing Japanese cars from the 1980s — or older. Government attempted to liberalize the market acting as dabbler.
On January 1st 2010, government opened the market letting all companies to import cars from overseas. In that year, car circulating park was 242.000 units, nothing considering population exceed sixty million.
In September two thousand eleven government launched a “car substitution plan” with over 60.000 imported cars substituting the very old park. The majority of these vehicles were pre-owned and imported by Japan. Import duties had always limited importation with duties inbetween 105% and 165% of CIF value, based on engine size. In July two thousand twelve all citizens were permitted to import vehicles.
However, considering the gigantic car import tax, the very low-cost of manpower and the potential flourishing of market in the next decade, many automotive multinational planned direct investment in Myanmar. Chery, Tata, Toyota, Subaru, Nissan and Proton were followed by Suzuki, which in March two thousand thirteen announced a planned investment in the country.
After long research we realized that in two thousand twelve the total amount of fresh cars sold in the country had not exceed the eight hundred units. All were Chery QQ Taxi, purchased by the government to substitute old Japanese taxi.
The used vehicles market is estimated at 110.000 vehicles and confirms the country potentiality in case of the government will radically modify the treatment to the automotive sector, stopping to provide incentives to import old and high emission Japanese cars and developing a modern plan, reducing fresh vehicles import taxes and creating infrastructures to support local foreign investments.
Research, Consulting, Data & Forecast Store
F2M covers intensively this market with several products developed to help any investigation required.
Market Researches in PDF are instantaneously available for download with investigate on the market since two thousand five and with forecast up to the 2020.
Auto Data in EXCEL are instantly downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.
Focus2move, Myanmar car market
Focus2Move
Myanmar car market is the dustbin of obsolete Japanese cars.
Myanmar car market is the dustbin of obsolete Japanese cars due to the lack-ness of effective limitations on used vehicles import and low-income available for car buyers. The flow of obsolete vehicles from Japan is unstoppable.
Myanmar is the world’s 24th country as citizens (54 million) while only the 77th as GDP, with a pro capita income at only US $ 1.600, the world’s 224th. This is one of the country were poverty is touchable, in spite of various natural resources, as effect of a long blind dictatorship.
Half a century of authoritarian rule, isolation and crippling sanctions have left Myanmar’s streets with one of the world’s oldest vehicle fleets, predominated by wheezing Japanese cars from the 1980s — or older. Government attempted to liberalize the market acting as dabbler.
On January 1st 2010, government opened the market letting all companies to import cars from overseas. In that year, car circulating park was 242.000 units, nothing considering population exceed sixty million.
In September two thousand eleven government launched a “car substitution plan” with over 60.000 imported cars substituting the very old park. The majority of these vehicles were pre-owned and imported by Japan. Import duties had always limited importation with duties inbetween 105% and 165% of CIF value, based on engine size. In July two thousand twelve all citizens were permitted to import vehicles.
However, considering the thick car import tax, the very low-cost of manpower and the potential flourishing of market in the next decade, many automotive multinational planned direct investment in Myanmar. Chery, Tata, Toyota, Subaru, Nissan and Proton were followed by Suzuki, which in March two thousand thirteen announced a planned investment in the country.
After long research we realized that in two thousand twelve the total amount of fresh cars sold in the country had not exceed the eight hundred units. All were Chery QQ Taxi, purchased by the government to substitute old Japanese taxi.
The used vehicles market is estimated at 110.000 vehicles and confirms the country potentiality in case of the government will radically modify the treatment to the automotive sector, stopping to provide incentives to import old and high emission Japanese cars and developing a modern plan, reducing fresh vehicles import taxes and creating infrastructures to support local foreign investments.
Research, Consulting, Data & Forecast Store
F2M covers intensively this market with several products developed to help any investigation required.
Market Researches in PDF are instantly available for download with investigate on the market since two thousand five and with forecast up to the 2020.
Auto Data in EXCEL are instantaneously downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.