Bangladesh car market is small compared to our neighboring countries. The number of vehicles per unit length of the roadway in Bangladesh is below 0.5%. The global average of the vehicle per unit length of the roadway is 12%. With rising purchasing power and need for personal vehicles is increasing the demand for cars and making a way for foreign automakers from around the globe to expand their business here in the passenger car segment.
According to the BRTA report, a total of 4,471,625 registered cars are available in Bangladesh of which only 370,519 are registered as Private Passenger Car, 105,896 microbus and 66,219 jeeps. As from a report of bikroy.com in Bangladesh, 50% of cars are reconditioned cars, 45% used cars and only 5% new are in the car market. Most car customers of Bangladesh don’t prefer to buy a new car there is a big reason for that. If you want to purchase a brand new car in Bangladesh you will have to pay more than double the main price. That’s why the people of Bangladesh prefer to recondition cars and here the recondition cars are commonly treated as a new car in the local market.
The Bangladeshi car market has a wide range of vehicles from India, Japan, South Korea, Germany, France, China, Malaysia, the USA and the UK. Among them, India and Japan are the most dominating sources for importing cars in Bangladesh.
Look at this list of cars that are dominating the Bangladesh car market by brand:
Toyota holds a massive 80% of the car market and continues to be the most widely traded car brand. Honda cars have 7% share and Nissan 6%. Others like Mitshibishi have less than 5% along with Hyundai.
We have also made a list of top Toyota cars as they dominate the market:
As Toyota sells a huge number, their most selling car is Premio with 14% share, Axio 11%, Allion 10%, Corolla 10%, Noah 8% and other 47% are all the other remaining models.
Why Toyota’s share is 80%?
In Bangladesh, most of the Toyota cars are bought Reconditioned or used. All the spare parts are available and cost-efficient. The Toyota cars have stylish looks all the features with enough engine power and it has a good resale value. That is why these many Toyota cars are seen so frequently in Bangladesh.