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
- Has Audi reached a model proliferation limit?
- THE WEEK THAT WAS: New Hondas and the ship's up
- VEHICLE ANALYSIS: Honda CR-V update
- ANALYSIS: Europe's car market in 2014, and 2015
- What now for docked Hoegh Osaka cargo?
- Automakers anxious to learn Osaka cars fate: Hoegh
- Weather dashes Hoegh tow but heavy list reducing
- Salvers look to slash Hoegh list to 5° for tow
- Toyota puts the brakes on sales expectations
- Volkswagen Golf stays top of European chart
- Global vehicle lightweighting - technology, trends and the future
- Global light vehicle OE wheels market- forecasts to 2029
- Global light vehicle safety systems market- forecasts to 2029
- Global light vehicle front end modules market- forecasts to 2029
- Global light vehicle OE connectivity market- forecasts to 2029