The total annual value of imported vehicles, motorcycles, and parts increased by 25 percent to reach $1,447 million in 2018. Around 54,000 cars are sold annually in Cambodia, but more than 80 percent of those cars are imported used vehicles, which makes the new vehicle market quite small. Registered vehicles (motorcycles, light, and heavy vehicles) reached 441,800 total units in 2017, but motorcycles account for the majority of those registrations -- about 380,000 new motorbikes are registered in Cambodia each year. With an average per capita income of about $1,400, motorcycles are still very important in Cambodia.
market trends
I 32 I
However, with a rising middle class and continued economic growth of around seven percent per year, the demand for automobiles is expected to continue to grow. Payment options have also expanded, and financing for automobiles has become easier to access, which has also contributed to the increased demand for new automobiles versus used. More commercial banks have started to provide automobile loans, and automobile leasing services are also increasing.
The most popular types of passenger cars in Cambodia
Best Prospects for U.S. Exports
Aftermarket Summary
The majority of auto parts and accessories are imported from neighboring countries like Thailand, Vietnam, and from China, Taiwan, the United States, or European countries. Imported new and used aftermarket products are available at independent shops, auto repair or service shops, and some car wash service facilities. Some larger brands such as Toyota and Mazda have their own outlet stores for parts and services. There are many small-scale independent repair and inspection shops run by automobile mechanics who receive vocational training in the country. Some bigger shops and official
Current Market Trends & Demand
are used four-wheel-drive vehicles and mid-sized Japanese brand sedans imported from the United States and the United Arab Emirates. All car imports must be left-hand drive. According to U.S.
export statistics, the value of motor cars and transportation vehicles exported to Cambodia reached $208 million in 2017. In 2017, imports of passenger cars totaled around 53,600 units, of which 90 percent were used cars. Automotive parts and accessories from the United States are available in Cambodian markets, particularly for Ford and General Motors vehicles. U.S. auto parts have a reputation for quality and attract a higher price than parts produced in Thailand, Taiwan, or other Asian countries.