Home MMBIZ News Yangon’s Low-end Auto Market on The Rise

Yangon’s Low-end Auto Market on The Rise

Low-priced cars at the beginning of 2014 are slowly recovering from the recent slump in sales, auto traders say.

However, market for high-end car brands such as Prado, Pajero and Surf is still experiencing dull sales.

Low-end vehicles like Probox, Toyota, Honda, VIT and Suzuki saw boosted sales as Yangonites and purchasers from districts around the commercial hub of Myanmar started buying more cars, following a three month dip in sales, U Kar Si Maung, an automobile dealer said.

“Buyers from the city and also nearby districts eye low-cost domestic cars. They can’t afford high-end cars and nearly no buyers are coming to buy those models. This has been going on for some time,” he added.

Another car dealer, U Thar Aung, said, “In December, Yangon’s domestic car market was very slow. But now the market is rising again.

“We expect the market to rise about 50 percent more soon. The better the weather gets, the more we get buyers from the nearby districts. Automobile dealers hope that 2014 will be a great year for auto sales.”

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