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Dominated by Used Vehicles, Market is Expected to Witness Increase in New Vehicle Sales Post 2014
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The Myanmar automotive industry is in the nascent stage of development dominated by used vehicles. This study focuses on the development of automotive market in Myanmar from 2012 to 2019. The Myanmar market for new vehicles is expected to take off post 2014 driven by economic development, rising incomes and infrastructure development. The study is based on extensive interviews with industry participants including OEMs, automotive dealers, distributors and associations. It includes executive summary, macroeconomic indicators, automotive market overview, external challenges: drivers and restraints, market recap 2012, market performance analysis and future outlook and strategic conclusion.
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