Indonesian new-vehicle sales jumped 66.5% in May to 38,333 units, up from 23,079 year-ago. The performance marked the best for any month since October 2005. The data, released by the Indonesian automotive industries association Gaikindo, shows year-to-date sales up 26.5% to 158,189 units, from 125,011 vehicles in like-2006. The reversal of fortunes has followed the Bank of Indonesia’s decision to reduce interest rates. Vehicle sales dived last year when the rate hit 12.75% in May, but ...
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