CNI News
29 December 2024

Although Suzuki Ertiga cars that are being remanufactured, using the Semi Knocked Down (SKD) system, are being sold, because the selling price of the car, it can't impact on the car market, according to the people in the car market.

Because the original price was around 1,000 lakh, the car market was being watched; at present, the car was being sold and bought at 1,500 lakh to 2,000 lakh.

So, the prices of used cars were less likely to fall, secretary general of the Myanmar Automobile Manufacturers and Distributors Association, U Kyaw Swar Tun told CNI News.

" At present, a new Ertiga car whose price was announced 1050 lakh kyats before is being sold and bought. Supply and demand are in balance. So, the prices of used cars are less likely to fall. If the price of the new car is sold and bought at a little over 1,000 lakh kyats in practice, other cars are very likely to fall. Because the car is sold at 1,500 lakh kyats, I don't think the prices of other cars will fall a lot." he said.

In the current car market, a Suzuki Ertiga is being sold and bought at above 1,000 lakh kyats. In the domestic car market, transactions are only made by agreement between the seller and the buyer and Japanese cars including SUZUKI cars and Chinese cars are also popular.

" At present, the car that is announced that it will be sold at 1,050 lakh kyats today may be its price will be 1,032 lakh kyats. According to the agreement between the sellers and the buyers, cars are being sold and bought between 1,500 lakh kyats and 2,000 lakh kyats." said a car market commentator.
About 100 SUZUKI Ertiga cars which are produced with the SKD system will soon enter the market and a lot of the cars could enter the market in early 2025, estimated car market analysts.

The prices of cars in the domestic market will not fall unless the car import policy is changed, according to car market sources.