The auto market not only in Yangon
but also in other regions and
states has been cool with the
highest price rate in May.
With a new tax rate on car
imports and a levy on cars with
a slip starting from 1st April,
the number of cars imported
with a slip declined during the
Only the cars imported during
the pre-Thingyan period were
found to have a deal with a high
price as the prices of the cars
with slips after imposition of the
new tax rate have not come out
yet in the auto industry.
The sales of cars with slips
are declining in the middle of
May. Only cars such as the Honda
Fit, vans and Beltas that have
a Yangon license are in demand.
But sales rate this year cannot
keep up with that of last year. Old buses later than 1995
models running under the Yangon
Bus System need to be deregistered
by 20th June so as
to receive a slip for family-used
car in return for deregistration,
according to the private car owners.
Returning slips for cars after
deregistration of old buses later
than 1995 models was started
in November 2016.
of those buses will have their
licences withdrawn if they fail to
deregister by 20th June, plus no
granting of slips for the cars, said
Daw Nilar Kyaw, Yangon Region
Minister for Electricity, Industry,
Transport and Communication.
Out of about 7,000 listed buses
in Yangon Region, only 4,000
buses including old mini-buses,
Dyna cars and BM buses are
Those old buses
will be slowly replaced with new
buses purchased by the State
and the private companies, it is