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Business trends

Myanmar's first auto auction helps polish used-car market

Startup Rebbiz makes sellers disclose inspection results before listing vehicles

Participants view vehicle information on a screen at Myanmar's first auto auction in March.

YANGON -- Myanmar's leading used-car website has teamed with a Japanese trading company to hold the country's first auto auction featuring fully inspected vehicles.

Rebbiz, operator of, Myanmar's largest online used-car marketplace, and Japan's Toyota Tsusho expected the two-day auction in March to help improve Myanmar's dodgy used-car market, where around 100,000 vehicles are sold each year -- five times more than new cars.

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