INDONESIA: Record Indonesia sales in October
New vehicle sales in Indonesia jumped by just under 24% to a new monthly record of 106,807 units in October, compared with 86,345 units a year earlier, according to data released by Indonesian automotive industry association Gaikindo.
Cumulative sales for the first 10 months of the year increased by 24.4% to 932,132 units, from 749,199 units a year earlier, prompting the association to raise full-year forecasts to 1.1m units.
The market has seemingly been unaffected by higher down-payment requirements on car loans, introduced across the banking sector in June. Consumers and businesses continue to enjoy record-low interest rates amid strong economic growth and high levels of capital investment.
Sectors: Vehicle markets
- COMMENT: ADAS rollout comes with human issues
- COMMENT: Why the VW Touareg Hybrid had to die
- THE WEEK THAT WAS: Driving for fun...
- THE WEEK THAT WAS: London on the show circuit?
- ANALYSIS: Will the XE work for Jaguar?
- Chinese brands have failed to catch on in Brazil
- London coming back on motor show circuit
- Finally, Ford's Mustang is 'official' for Europe
- Marchionne merger overtures to GM's Barra rebuffed
- Volvo China plant starts US exports
- Heavy Duty Trucks Market in Europe 2015-2019
- Global light vehicle engine technologies market- forecasts to 2029
- Global vehicle lightweighting - technology, trends and the future
- Global light vehicle OE connectivity market- forecasts to 2029
- Global light vehicle safety systems market- forecasts to 2029