The Yangon automobile market remained cool in early January as buyers and sellers are still observing the market. Meanwhile, the price of automobiles is on the high side.
The demand for slips (which are returned when the old cars are de-registered at the Road Transportation Administration Department) is low, so the slip price has decreased from Ks13.5 to 11.5 million.
The price of 1300 cc engine cars with right-hand drive also declined, but the demand remains low.
Japanese-made cars with left-hand drive, which are locally assembled, have been selling well in the past two months and are in demand in the market.
Only vehicles with left-hand drive can be imported under the 2018 vehicle import policy. Additionally, 2014 will be the oldest model to be issued an import permit.
The new vehicle import policy affects cars imported with a slip that is returned after the deregistration of old vehicles, cars imported under the consignment system, individually imported cars, black-licensed cars, vehicles for religious use, mini-buses, passenger buses, vehicles donated from abroad, fire trucks, ambulances, hearses, state-owned vehicles and machinery that cannot be driven on public roads, such as excavators, bulldozers and asphalt finishers.