ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
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 CarsDB.com, 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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more