Data from the Yangon car market shows that while most car prices have risen and sales remain sluggish, buyers are prioritizing durability and quality over car type, with some purchases including both Korean and Japanese models.
“In the Yangon car market, there are no Chinese cars. Korean Kia and Japanese models are traded, with people buying and selling at their own pace, though transactions are few. If a car is good, its price is good. The market is stagnant because prices are high,” said Ko Kyaw Hein of Hanthawady Brokerage, a veteran car broker.
In the current Yangon car market, gasoline cars are selling better than EVs, which are in short supply due to high maintenance costs and a lack of spare parts. As new EV models continue to enter the market, consumers have more options, but sales remain weak.
People in the car market also advise that, since damaged or faulty cars are often for sale, buyers should carefully check the documents and verify the car’s authenticity before making a purchase.
ASH/TH
#GlobalNewLightOfMyanmr