According to those who are involved in buying and selling cars in Yangon, those with extra money tend to flock to the city’s car market, where prices have nearly doubled from previously and business is brisk.
The Military Council ceased providing permits to import automobiles from overseas in September of last year, which resulted in an increase in car prices in Yangon’s car buying and selling market, but only by a small amount. This increase was caused by domestic demand for US dollars. The cost did not, however, go up.
Tay Yak, a car owner and purchaser, commented on the state of the auto market in Yangon, saying, “Right now, the goldsmith is playing the game. since some of the buyers here right now come from outside. They send buyers out. amount of rides They come because they intend to take everything they can. The costs are unknown to me. They drove everything into the property as soon as they purchased it. Possessors like you will undoubtedly run into problems. It implies that everyone who currently works a regular job will go from this world. They currently control the market. Later, they will walk away. All of the people who were regularly buying and selling would be left in a state of disarray. Such things do occur, he informed DVB.
Both buyers and sellers of cars expressed the need for a stable market, stating that high automobile prices are not a good indicator for the market.
“The price increases are not encouraging. How is that good? There are zero signals that are promising. It bothers us as well. The circumstances are dire. We only appreciate the market’s steadiness. I prefer to buy during frequent sales. We are content if we receive consistent profits. There is no profit here. Everything will disappear if it materializes. Prices right now are impossible. The scenario is incredibly ironic.
On the other hand, because the policy has a direct impact on how much cars cost, prices will not decrease as long as the policy remains unchanged.
The main thing is to explain that the value of money is declining, according to Tay Yak, an entrepreneur who launched a car sales shop. The car’s worth is not going up. Car prices are also equivalent to gold prices. It differs from the price in dollars. He is simply thinking about policy. I’m sure you do. This person will be destroyed once the rules are modified. The dollar will continue to increase as long as the policy is left unchanged. He told DVB, “The price of cars will reduce immediately if we let the importation of cars or license unauthorized vehicles.”
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