Indonesia 07 vehicle sales seen up 25 pct-trade body

Newswire

JAKARTA, Jan 25 (Reuters) - Indonesia's domestic vehicle sales are likely to rise 25 percent this year, marking a recovery in the sector hit by high interest rates and weak purchasing power, a trade body said on Thursday. High fuel prices and interest rates sent vehicle sales in Southeast Asia's biggest economy down 40 percent last year to 318,883 units after a historic high of 533,910 in the previous year. Sales have been recovering in recent months after the central bank started ...

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