Burma’s auto market is forecast to grow with 7.8 percent annually between 2013 until 2019, according to consultant firm Frost & Sullivan, which said that there could 95,300 vehicles sold per year by 2019. Economic growth, infrastructure development and rising incomes would drive this increase in car sales. Dushyant Sinha, the firm’s Associate Director, Automotive Practice, Asia Pacific, added, “However, factors such as unpredictable regulatory changes, high car prices, under-developed auto service market and inadequate road infrastructure might hinder the potential growth.” Sales of second-hand Japanese cars have jumped in Burma since October 2011, after the government lifted car import restrictions.
Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang
Myanmar National Democratic Alliance Army troops are opening roads and pathways through forests for people to flee Kokang’s capital as...
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