MYANMAR’S NEW CAR MARKET HELD BACK FOR NOW, BUT FUTURE GROWTH APPEARS PROMISING
June 1st, 2016
Liberalising Myanmar’s potential market for new cars is significant, but growth is currently hampered by regulatory uncertainty. Although it has a population of 51 million, only 5,000 new passenger cars were sold in the country during the last financial year.
“The future is very good, potentially. But right now it’s a very primitive market,” said Htoo Aung Lin, executive committee member of the Authorised Automobile Distributor Association (AADA), which represents the new car industry this south-east Asian country. At present, with Myanmar only having a ...
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