Myanmar Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Myanmar Used Car Market is Segmented by Vehicle Type (Hatchback, Sedan, Sports Utility Vehicle, and Multi-Purpose Vehicle), Vendor Type (Organized and Unorganized), and Fuel Type (Gasoline, Diesel, Electric, and Other Fuel Types). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

Myanmar Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Myanmar Used Car Market Size

Myanmar Used Car Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 0.76 Billion
Market Size (2030) USD 1.01 Billion
CAGR (2025 - 2030) 5.80 %
Market Concentration Medium

Major Players

Myanmar Used Car Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Myanmar Used Car Market with other markets in Automotive Industry

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Myanmar Used Car Market Analysis

The Myanmar Used Car Market size is estimated at USD 0.76 billion in 2025, and is expected to reach USD 1.01 billion by 2030, at a CAGR of 5.8% during the forecast period (2025-2030).

Over the medium term, factors such as increasing purchasing power and easy availability of finance are expected to contribute positively to the market's growth. Further, rising digitalization, internet penetration, and an increase in online players are likely to act as critical factors in boosting used car sales. They have made the overall process of selling and buying used cars quite convenient and prompt.

Consumers are refraining from investing hugely in newer vehicles and are opting to purchase used cars. As a result, the used car industry is on the rise. Used car platforms are widely safe, accessible, and available at reasonable prices.

The rise in the value-added service offering and the variety of finance providers offering credit for used cars will also contribute to the growth of the used car market in the country. However, the higher interest rates might turn around some potential customers, hampering the market's growth. Another major factor aiding the market growth is the emergence of various Non-Banking Finance Companies offering low interest rates compared to banks and flexible installment options.

Due to the better offers provided by the used car companies and the relatively lesser initial cost of owning a car, the preference of buying a vehicle is inclined toward the used car market, especially due to the limited money flow because of the COVID-19 pandemic. This has increased the ratio of used cars to new cars in countries, which is a key indicator of the potential opportunities for the used cars market during the forecast period.

Myanmar Used Car Industry Overview

Myanmar's Used Car Market is dominated by several key players such as Toyota Aye and Sons, CarsDB, Japan Auto Showroom, SBT CO., LTD, Capital Diamond Star Group Limited, and others. The rise in demand for used cars in the country, owing to an increase in the price of new cars, is likely to witness major growth for the market during the forecast period. For instance,

In December 2022, Hyundai introduced the Hyundai Smart Deal, an innovative financing solution that enables customers to own a Hyundai car with significantly reduced costs of up to 50%. The program offers worry-free maintenance benefits and guarantees a remarkable 70% resale value when trading in the vehicle for a new Hyundai car after completing the last installment.

In December 2022, The Ministry of Commerce (MoC) announced the latest import regulations for the import of vehicles by car showrooms. In Myanmar, a car showroom refers to a new car dealership, which is normally a branded dealership that must also include workshops able to provide after-sale services.

Myanmar Used Car Market Leaders

  1. Toyota Aye and Sons

  2. CarsDB

  3. Japan Auto Showroom

  4. SBT CO., LTD

  5. Capital Diamond Star Group Limited

  6. *Disclaimer: Major Players sorted in no particular order
Myanmar Used Car Market Concentration
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Myanmar Used Car Market News

  • March 2023: The government of Myanmar announced the used car Import Rules & Regulations in the country. The government imposed around 30-40% customs duty on used cars.
  • December 2021: Capital Diamond Star Group Limited launched a digital platform for used cars in Myanmar. The company is one of the leading distributors of Ford Motor, Jaguar, and Land Rover Cars.

Myanmar Used Car Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Rise in Price of New Cars
  • 4.2 Market Restraints
    • 4.2.1 Trust And Transparency In Used Car Remained A Key Challenge For Consumers
  • 4.3 Porters Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value - USD)

  • 5.1 Vehicle Type
    • 5.1.1 Hatchback
    • 5.1.2 Sedan
    • 5.1.3 Sport Utility Vehicles (SUVs)
    • 5.1.4 Multi-Purpose Vehicles (MUVs)
  • 5.2 Vendor Type
    • 5.2.1 Organized
    • 5.2.2 Unorganized
  • 5.3 Fuel Type
    • 5.3.1 Gasoline
    • 5.3.2 Diesel
    • 5.3.3 Electric
    • 5.3.4 Other Fuel Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Toyota Aye and Sons
    • 6.2.2 CarsDB
    • 6.2.3 Japan Auto Showroom
    • 6.2.4 SBT CO., LTD
    • 6.2.5 Capital Diamond Star Group Limited
    • 6.2.6 Prestige Automobiles Co., Ltd.
    • 6.2.7 Farmer Auto
    • 6.2.8 Japan Partner Inc.

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Myanmar Used Car Industry Segmentation

A used car is a pre-owned vehicle that has previously had one or more retail owners. These cars are sold through a variety of outlets through independent dealers, online sales channels, and others.

The Myanmar used car market is segmented into vehicle type, vendor type, and fuel type. Based on the vehicle type, the market is segmented into hatchbacks, sedans, sports utility vehicles, and multi-purpose vehicles. Based on the vendor type, the market is segmented into organized and unorganized. Based on the fuel type, the market is segmented into gasoline, diesel, electric, and other fuel types. 

For each segment, the market sizing and forecasts have been done based on the value (USD).

Vehicle Type Hatchback
Sedan
Sport Utility Vehicles (SUVs)
Multi-Purpose Vehicles (MUVs)
Vendor Type Organized
Unorganized
Fuel Type Gasoline
Diesel
Electric
Other Fuel Types
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Myanmar Used Car Market Research Faqs

How big is the Myanmar Used Car Market?

The Myanmar Used Car Market size is expected to reach USD 0.76 billion in 2025 and grow at a CAGR of 5.80% to reach USD 1.01 billion by 2030.

What is the current Myanmar Used Car Market size?

In 2025, the Myanmar Used Car Market size is expected to reach USD 0.76 billion.

Who are the key players in Myanmar Used Car Market?

Toyota Aye and Sons, CarsDB, Japan Auto Showroom, SBT CO., LTD and Capital Diamond Star Group Limited are the major companies operating in the Myanmar Used Car Market.

What years does this Myanmar Used Car Market cover, and what was the market size in 2024?

In 2024, the Myanmar Used Car Market size was estimated at USD 0.72 billion. The report covers the Myanmar Used Car Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Myanmar Used Car Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Myanmar Used Car Industry Report

Statistics for the 2025 Myanmar Used Car market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Myanmar Used Car analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Myanmar Used Car Market Report Snapshots