Association of Southeast Asian Nations (ASEAN) is an economic free trade area in South Asia, including the following nations: Thailand, Philippines, Vietnam, Indonesia, Malaysia, Brunei, Laos, Myanmar, and Cambodia.

With regard to the regional best-selling cars ranking, up to September 2023 the leadership is still in the hands of the Toyota Hilux, produced in Thailand, ahead of its competitors with 168,437 units sold (-7.2%), followed closely by the Isuzu D-Max with 135,196 cumulative sales (-21.1%).

The Perodua Myvi closes the podium with 97,151 sales (+7.6%), followed by the Honda City with 89,795 units sold (-6.0%) and the Honda HR-V with 81,494 new registrations (+15.5%).

In sixth place ranks the Mitsubishi X-Pander with 80,629 units sold (+2.3%), followed by the Ford Ranger -up 3 spots- at 71,038 registrations (+15.0%) and the  Toyota Vios with 70,947 sales (-7.4%).

Closing the leaderboard, the Toyota Avanza ranks in 9th with 65,238 units  sold this year (+0.6%) and the Perdue Bezza rises 1 spot into 10th with 58,248 cumulative sales (+7.7%).

Tables with sales figures

In the tables below we report sales for all top 50 models.

Market Trend and Outlook

Myanmar’s vehicle market in July 2023 grows 36.9%, with new sales at 1,192. YTD figures at 7,064 are up 6.3% from the previous year.

Looking at cumulative data up to July 2023 brand-wise, this year the leader is still Suzuki with 22.0% market share and a 3.2% year-on-year loss in sales. Toyota follows in second, jumping 3 spots with a 154.5% boom from the prior year, in front of BAIC -down 1 spot- with an 40.7% loss in volume.

Medium-Term Market Trend

Myanmar’s vehicle market has reported an overall growth in the last decade, surging from 2,800 sales in 2010 to 4,718 by the end of 2016. In this period the most significant fluctuations in yearly volume happened in 2015 when the market boomed 50.5% and in 2016 when in fell 13.7%. Both in 2017 and 2018 the market grew more than 100% with new registrations reaching, in 2019, the current all-time high of 21,916 light vehicles.

The covid-19 pandemic arrived in 2020 and caused the market to subsequently fall 19.2% back down to 17,711 sales.

The worst year for Myanmar’s vehicle market was 2021, the same year in which the coup d’état occurred. In fact, yearly volume collapsed 52.3% to 8,442. In 2022 sales surged back up above the 10k mark to 13,409 (+58.8%).

Myanmar Auto Market is tracked with the last decade sales figures by all brands and models. You can have access to an Excel Dataset or to a Market Report, including next year’s forecast.

Excel Dataset

We purchase new vehicles registrations for 159 countries worldwide – included this one – from the local official authorities and receive a monthly file with raw data by country.

You can have access to this service:

• Data by Year/Month/Brand/Model/Segment
• Historical data (from 2010 to last month) and/or to monthly sales update.
• Next Year’s Forecast
• Data is released in excel via mail or cloud.

Last 2 years dataset cost €3.000. 

The service cost is correlated with the data perimeter and you will have a customized quotation just contacting us at info@focus2move.com

Market Report

The report provides a comprehensive and complete overview of the market competitive environment including information on the sales volumes of cars and light commercial vehicles, market size, market share, and industry trends.

Through our comprehensive global sales database and the expertise of seasoned consultants in this field, we can help you gain further insight into the automotive market trends and base your business decisions on actionable data.

Table of contents

• Country Overview
  • Geography
  • History
  • People & Politics
• Economic Outlook
  • Economy
  • Infrastructure
• Market Outlook
  • Market Heritage
  • Car Passenger’s segmentation
  • LCVs segmentation
  • Car Passengers Body Type mix
  • LCVs Body Type mix
  • Premium segment share
  • Chinese OEMs share
• Key Players
  • Top selling Groups 2022
  • Top selling Brands 2022
  • Premium Brands
  • Chinese Brands
• Market Data By Model
  • Top selling Models 2022
  • Top models by segment and body type
• Key Factors for market Evolution
  • Country development
  • Economic Outlook
  • Customer base evolution
  • Low-Carbon Transition Policy
  • Infrastructure & Investments
• 2023-2028 Volume Forecast
  • TIV evolution by segment
  • Cars and LCVs forecast
  • Segments forecast
  • Premium segment share forecast
  • Chinese OEMs share forecast
  • Forecast by Manufacturer

Price for market research: €2,500

Price for market research + Last 2 Years dataset in excel: €4,000

For further inquiries contact us at info@focus2move.com

Market Trend and Outlook

Myanmar’s vehicle market in 2022 totaled 13,262 sales, a 60.2% increase from the previous year.In fact,  December reported the 11th consecutive positive month, with 1,527 new registrations (+166.5%).

Looking at cumulative data from 2022 brand-wise, this year the leader is still Suzuki with 23.1% market share and a 63.1% year-on-year growth in sales. BAIC follows in second, jumping 6 spots with a 276.6% boom in yearly volume, in front of Toyota -down 1 spot- with an 11.8% increase in new registrations.

Medium-Term Market Trend

Myanmar’s vehicle market has reported an overall growth in the last decade, surging from 2,800 sales in 2010 to 4,718 by the end of 2016. In this period the most significant fluctuations in yearly volume happened in 2015 when the market boomed 50.5% and in 2016 when in fell 13.7%. Both in 2017 and 2018 the market grew more than 100% with new registrations reaching, in 2019, the current all-time high of 21,916 light vehicles.

The covid-19 pandemic arrived in 2020 and caused the market to subsequently fall 19.2% back down to 17,711 sales.

The worst year for Myanmar’s vehicle market was 2021, the same year in which the coup d’état occurred. In fact, yearly volume collapsed 52.3% to 8,442. In 2022 sales surged back up above the 10k mark to 13,409 (+58.8%).

Association of Southeast Asian Nations (ASEAN) is an economic free trade area in South Asia, including the following nations: Thailand, Philippines, Vietnam, Indonesia, Malaysia, Brunei, Laos, Myanmar, and Cambodia.

With regard to the regional best-selling cars ranking, in 2022 the leadership is still in the hands of the Toyota Hilux, produced in Thailand, ahead of its competitors with 193,086 units sold (+5.8%), followed closely by the Isuzu D-Max with 94,557 cumulative sales (+6.1%).

The Mitsubishi Xpander closes the podium with 94,557 sales (+6.1%), followed by the Toyota Bios with 84,343 units sold (+2.0%) and the Toyota Fortuner – up 4 spots – with 76,099 new registrations (+10.3%).

In sixth place ranks the Honda City -down 3 spots- with 73,140 units sold (-22.2%), followed by the Toyota Avanza -up 1 spot- at 71,997 registrations (+1.8%) and the Ford Ranger -up 2 spots- with 68,255 sales (+0.9%).

Closing the leaderboard, the Honda Brio rises 4 spots into 9th with 65,033 units  sold this year (+24.2%) and the Toyota Rush falls 3 spots into 10th with 61,799 cumulative sales (-13.2%).

Tables with sales figures

In the tables below we report sales for all top 50 models.

Association of Southeast Asian Nations (ASEAN) is an economic free trade area in South Asia, including the following nations: Thailand, Philippines, Vietnam, Indonesia, Malaysia, Brunei, Laos, Myanmar, and Cambodia.

With regard to the regional best-selling cars ranking, in 2021 the leadership is still in the hands of the Toyota Hilux, produced in Thailand, well ahead of its competitors with 182k units sold (6.5% share), followed in second place by the Hyundai Staria, with 150k units sold (5.3% share).

The Honda City -up 3 spots- closes the podium with 94k units (3.3% share), followed by the Mitsubishi Xpander -up 3 spots- with 89k units (2.9% share) and the Toyota Vios – down 2 spots – with 83k units sold (2.9% share).

In sixth place we have the Perodua Myvi -down 2 spots- with 82k units (2.9% share), followed by the Toyota Rush -up 6 spots- with 71k units (2.5% share) and then by the Toyota Avanza –up 6 spots– with 71k units (2.5% share).

Closing the leaderboard we have the Toyota Fortuner rising 2 spots with 69k units (2.4% share) and the Ford Ranger -down 2 spots- with 68k units (2.4% share).

Tables with sales figures

In the tables below we report sales for all top 50 models.

Economic Environment

Prospects were dim in H2. The manufacturing PMI remained in contractionary territory, suggesting a weak industrial sector, while imports were down on 2020, hinting at tepid spending. That said, momentum likely improved toward the end of the year as Covid-19 cases fell from July’s peak and the currency recovered some earlier losses, with the PMI moving close to growth in December.

Turning to the new year, armed conflict continues, and a recent massacre of civilians by the army and the sentencing of former leader Suu Kyi to prison threaten further Western sanctions. In addition, a new internet tax effective from January threatens economic damage, with a recent estimate suggesting internet outages in 2021 already cost the country USD 2.8 billion. More positively, the RCEP trade deal came into force and the EU lifted rice tariffs in January, which should boost the external sector somewhat.

Market Trend

Myanmar’s car market this year fell sharply all year, especially after Q2.

The reduction of import fee on new vehicles and the barrier to extra ASEAN used vehicles import, gave more competitiveness to the new models and data on new vehicles registrations become almost positive, with the full year 2018 sales boomed at the all-time record of 18.500 units, sixth time more than in 2013.

The growth was driven by the fast growth of the new local industry with the availability of locally made models offered at an affordable price, with great success for Ford (Ranger and Everest) and Suzuki (Ertiga, Carry, Ciaz).

Following the recent years of rapid growth, in 2019 the market struggled for the first three quarters, but the strong demand in Q4 allowed a recovery with final figures up 5.6% at 19.537, the new all-time record.

Sales in 2020 have been influenced by the COVID-19 pandemic, impacting all sectors. In fact, 15.721 units have been sold, reporting a decline of 19.5%.

The market started the new year negatively, in fact, sales fell 21.6% with 3,113 units were sold, while in Q2 sales dropped 82.8% with only 545 units sold.

In Q3 sales remained down 89.1% with 659 units sold, and did not improve much in Q4 when 691 units were sold (-72.8%).

Indeed, Full-Year sales for 2021 have been 5,008, reporting a 68.1% decrease compared to 2020.

Brand-wise, this year the leader Suzuki (-82.5%) lost an impressive 4.5% market share, followed by Toyota (-74.3%), which gained 4% share. Ford (-63%) reached 4th place and gained 6.6% market share.

The most sold model in the country is the Suzuki Swift, which lost 37.1%, holding 14.4% share.

Association of Southeast Asian Nations (ASEAN) is an economic free trade area in South Asia, including the following nations: Thailand, Philippines, Vietnam, Indonesia, Malaysia, Brunei, Laos, Myanmar, and Cambodia.

With regard to the regional best-selling cars ranking, in 2020 the leadership is still in the hands of the Toyota Hilux, produced in Thailand, well ahead of its competitors with 171.999 units sold (-16.3%), followed in second place by the Isuzu D-Max, produced in Thailand as well, with 147.591 units sold (-5.4%).

The Toyota Vios -up 5 spots- closes the podium with 83.222 units (-10.2%), followed by the Perodua Myvi -down 3 spots- with 82.341 units and the Honda City – up 7 spots – with 68.639 units sold (-9.6%).

In sixth place we have the Perodua Axia -up 7 spots- with 67.267 units, followed by the Mitsubishi Xpander -down 4 spots- with 66.639 units (-43.6%) and then by the Ford Ranger -down 2 spots- with 63.448 units (-28.8%).

Closing the leaderboard we have the Honda HR-V jumping in 9th position with 52.165 units (-21.3%) and the Toyota Fortuner with 47.880 units (-39.2%).

Tables with sales figures

In the tables below we report sales for all top 50 models.

Economic Environment

After activity took a likely severe hit in H1 amid the health crisis, the economic panorama remains bleak in H2, particularly in Q4, amid soaring Covid-19 infections.

Following September’s dive, the manufacturing PMI slid further into contractionary territory in October—marking the worst reading since April—with output and new orders declining at a record pace.

On a brighter note, on 8 November, Japan approved a low market rate loan to Myanmar worth JPY 42.8 billion (about USD 414 million) for infrastructure projects and financing businesses.

The economy is expected to grow at the slowest pace on record this year before growth picks up solidly in 2021 on the back of strengthening clothing and natural gas exports and stable agricultural production. However, ongoing political tensions and elevated uncertainty over the trajectory of the pandemic cloud the outlook.

Market Trend

The Myanmar car market has been hit in 2020 by the world-wide COVID-19 pandemic and by the consequent drop in tourism, which has impacted sales significantly.

The reduction of import fee on new vehicles and the barrier to extra ASEAN used vehicles import, gave more competitiveness to the new models and data on new vehicles registrations become almost positive, with the full year 2018 sales boomed at the all-time record of 18.500 units, sixth time more than in 2013.

The growth was driven by the fast growth of the new local industry with the availability of locally made models offered at an affordable price, with great success for Ford (Ranger and Everest) and Suzuki (Ertiga, Carry, Ciaz).

Following the recent years of rapid growth, in 2019 the market struggled for the first three quarters, but the strong demand in Q4 allowed a recovery with final figures up 5.6% at 19.537, the new all-time record.

Indeed, Full-Year sales for 2020 have been 15.721, reporting a decline of 19.5% compared to 2019.

Brand-wise, this year the leader Suzuki (-49.5%) lost an impressive 11.4% market share, followed by Toyota (-35.3%), which lost only 0.1% share. Nissan (-27.8%) remained third and gained 0.9% market share.

The most sold model in the country remains the Suzuki Ertiga with 1.963 sales (-57%), holding 12.9% share.

Association of Southeast Asian Nations (ASEAN) is an economic free trade area in South Asian, including the following nations: Thailand, Philippines, Vietnam, Indonesia, Malaysia, Brunei, Laos, Myanmar and Cambodia.

Economic Environment

ASEAN regional economy has grown less than anticipated, resulting in slight downward revisions to growth forecasts which now stand at 4.8 percent (2019) and 4.9 percent (2020), down from 4.9 percent and 5.0 percent, respectively. Meanwhile, regional inflation for 2019 was expected to fall to 2.4 percent from the previous forecast of 2.6 percent.

Best Selling Cars

With regard to the regional best-selling cars ranking, in 2019 the leadership was still in the hands of the Toyota Hilux, produced in Thailand, well ahead of the list with 6.3% of share, gaining 5.8% from the previous year .

In second place with a growing gap to the leader, the Isuzu D-Max, produced in Thailand as well, holding 4.8%  while losing 9.2%.

Third was the Mitsubishi Xpander with 3.8% of share followed by the Toyota Avanza with 3.1% and the Toyota Vios – up 2 spots – with 2.8%.

In sixth place the Toyota Rush with 2.6% followed by the Perodua Myvi with 2.5%.

The Toyota Agya landed in 8th place with a stunning performance, ending at 2.5%, ahead of the Ford Ranger with 2.6% and the Toyota Fortuner with 2.4%.

Rank 2019	Rank 2018	Model	Sales 2019	2019 Var
1	1	Toyota Hilux	203.523	5,8%
2	2	Isuzu D-Max	155.747	-9,2%
3	5	Mitsubishi Xpander	123.611	31,4%
4	3	Toyota Avanza	102.464	5,8%
5	7	Toyota Vios	91.659	6,1%
6	13	Toyota Rush	82.721	27,5%
7	10	Perodua Myvi	81.966	-0,2%
8	32	Toyota Agya	79.631	142,2%
9	9	Ford Ranger	79.350	-3,9%
10	11	Toyota Fortuner	77.585	-2,0%
11	60	Honda Brio	76.554	458,9%
12	8	Honda City	74.844	-13,1%
13	6	Honda HR-V	68.770	-23,6%
14	12	Perodua Axia	67.267	-5,0%
15	24	Suzuki Carry Pick Up	65.118	44,1%
16	517	TOYOTA Kijang	57.225
17	17	Daihatsu Sigra	52.283	2,7%
18	21	Toyota Yaris	51.877	8,7%
19	20	Mitsubishi Triton	49.970	2,8%
20	18	Mazda2	47.119	-7,3%
21	16	Honda Jazz	47.062	-11,1%
22	19	Perodua Bezza	45.656	-8,5%
23	25	Honda CR-V	44.675	-0,1%
24	23	Nissan Navara	41.414	-8,9%
25	28	Suzuki Ertiga	41.106	-2,8%
26	26	Honda Civic	39.453	-8,2%
27	74	Mitsubishi L300	39.096	318,3%
28	46	Proton Saga	38.153	90,1%
29	27	Daihatsu Gran Max PU	35.926	-15,5%
30	29	Nissan Almera	35.673	-9,8%
31	31	Mitsubishi Pajero Sport	31.809	-10,7%
32	4	Toyota Innova	31.144	-67,1%
33	38	Toyota Hiace	28.717	6,2%
34	33	Toyota Yaris Ativ	28.072	-13,4%
35	44	Toyota Wigo	26.728	25,9%
36	30	Toyota Corolla	25.225	-31,6%
37	34	Daihatsu Terios	22.964	-27,0%
38	39	Daihatsu Ayla	22.108	-18,0%
39	45	Proton Persona	21.876	4,0%
40	35	Daihatsu Xenia	21.674	-26,6%
41	63	Toyota Camry	20.979	63,7%
42	37	Mazda CX-5	20.518	-25,2%
43	48	Ford Everest	19.257	2,4%
44	36	Honda Mobilio	18.425	-34,5%
45	47	Mitsubishi Attrage	17.346	-9,7%
46	324	Isuzu NMR	16.402	16809,3%
47	67	Wuling Confero	16.332	39,9%
48	15	Perodua Alza	16.200	-71,8%
49	40	Honda BR-V	15.861	-39,7%
50	54	Proton Iriz	15.846	-0,3%