Indonesia’s new vehicle sales increased by close to 14% to 115,921 units in September, from 102,100 units a year earlier, according to local automotive manufacturers association Gaikindo.
Last month’s data were boosted by seasonal factors, such as last year’s Idul Fitri holidays falling in September. But, after a couple of months of hefty price increases due to the recent depreciation of the rupiah and rising interest rates, underlying demand remains strong.
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The association estimated that around 8,500 Toyota and Daihatsu low-cost ‘green’ cars were sold last month, after the Agya and Ayla models finally received approval from the government which qualifies them for tax discounts.
