Indonesia May motorbike sales soar 57.7 pct y/y

Newswire

JAKARTA, June 23 (Reuters) - Indonesian motorcycle sales soared 57.7 percent in May from a year earlier, but some analysts cautioned the sharp growth might not be sustainable as the risk of loan defaults rises. Motorcycle sales rose to 310,904 units last month, data obtained on Wednesday from the country's top auto distributor, PT Astra International Tbk , showed. Sales from January to May also jumped, by 46.2 percent to 1.5 million units. Motorcycle sales are a key gauge of private ...

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