New vehicle sales in Indonesia rose by 69% in May to 60,512 units, compared with depressed year-earlier levels of 35,818 units, according to data released by the industry. 

The market’s continued recovery from last year’s sharp fall reflects historically-low interest rates and strong consumer confidence.

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Compared with peak volumes of 65,232 units reported in April, the market was slightly weaker, however.

Cumulative sales for the first five month of the year rose by 75.7% to 299,822 units, compared with 170,679 units a year earlier. The best-selling Toyota brand sold 114,178 vehicles; followed by Mitsubishi-Fuso with 43,273 units; Daihatsu 42,687; Suzuki 27,712; and Honda 22,958.

Tony Pugliese

 

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