Toyota to open Rangoon showroom

Japanese car manufacturer Toyota is set to open a showroom in Rangoon, making early inroads into the new car market in Burma. Toyota joins fellow Japanese car companies Mitsubishi and Suzuki and US company Ford, who already have exclusive showrooms in Burma’s financial capital. According to Bloomberg, Toyota sees Burma as one of a series of emerging global markets for new cars. Currently, used vehicle sales currently account for 90 percent of the retail car market in Burma.