The Indonesian automotive market remains on a wild roller-coaster ride, but the sharp ups and downs may be coming to an end. Annual sales peaked in 2005 at 442,860 vehicles and tumbled 28% to 318,900 units in 2006 after government-subsidized fuel prices doubled. The market recovered with a 35.9% jump last year to 433,340 units and soared 61% to 187,000 in first-quarter 2008. Sales through May were up 33.6% from year-ago. However, the current upsurge may not last much longer. ...
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