Tag Archives: potential market

MYANMAR’s Automotive Market Faces Growing Pains

Liberalizing Myanmar’s potential market for new cars is significant, but growth currently is hampered by regulatory uncertainty. Although it has a population of 51 million, only 5,000 new cars were sold during the last financial year. Car imports effectively were banned under the military regime until September 2011. A half-million cars were imported during the previous quasi-civilian government’s 5-year tenure

Read more