November 21, 2017

Bidder eyes South Korea and China made vehicles with left-hand drive

Vehicles seen in downtown Yangon. Photo: Phoe Khwar

South Korea and China made vehicles with left-hand drive are highly bid, resulting from recent announcement of 2018 vehicle import policy, according to yesterday’s report of Myawady Daily.
Prices of those vehicles increased by about Ks2 million on automobile website on account of high number of bidders.
After vehicle import policy 2018 was released, local importers expressed concern over import of vehicles with left-hand drive. Bidding for vehicles with left-hand drive will continue to increase next two months, said an importer.
According to new vehicle import policy, model year 2014 would be the oldest cars allowed for the vehicle import in 2018. Also, only vehicles with left-hand drive are allowed to import under new policy.
The new vehicle import policy affects cars imported with slip as a return of deregistration of old vehicles, cars imported under consignment system, individually imported cars, Private-licensed cars, vehicles for religious use, mini-bus, passenger buses, vehicles donated from abroad, fire truck, ambulances, hearses, state-owned vehicles, machinery which cannot be driven on public road such as excavators, bulldozers, tower cranes, pilling machines.

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