Auto factories suspended their operations in the country and the car transactions were robust again, according to the dealers. More than dozens of automobile companies including Suzuki, Nissan, KIA, Hyundai and Ford suspended their SKD (Semi Knocked Down) assembly productions recently.
“The existing cars in the market see good transactions. Due to restrictions in imports, the car prices become higher,” said car broker Hla Win Tun. “The government is reviewing the car imports and assembly policy,” said Union Minister for Commerce Dr Pwint San. The productions were suspended for the difficulties regarding dollars and imports, said most of the car brokers.
“The people can sell their Ciaz, Swift, Ertiga, and Carry at Suzuki KL Seven Showroom at the corner of Ywama in Insein Township. If they have not made the bank payment in full, the remaining amount will be paid to the bank and the surplus money will be returned to the owner, and I will buy it. I will buy any Suzuki from any showroom,” Kyi Thar Han of Suzuki KL Seven posted on his Facebook page.
“The Suzuki Ertiga was priced at over 30 million Kyats in the past, and now it is over 60 million Kyats since the auto plants shut down. The Hyundai Assent price rose to 50 million Kyats from 30 million Kyats. The Suzuki price is the highest in the market. The prices rose millions of Kyats and it is the very first occasion,” said car broker Win Zaw.
In the local SKD market, vehicles from Japan, Korea and China occupy most of the market shares.
“In the local market, the people make transactions by the type of car rather than the alphabet. The sale of below 20 million Kyats vehicles with a 2000-cc engine is good,” he added.
