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 ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.