New vehicle sales in Indonesia increased by just over 4% to 99,568 units in May, from 95,541 units a year earlier, according to wholesale data gathered by the Gaikindo industry association.
The rate of growth was much lower than in previous months, reflecting tighter lending rules imposed on banks and high year earlier data.
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Cumulative sales in the first five months of the year were up by almost 15% at 497,670 units, from 433,515 units last year.
The association’s most recent forecast is for the market to be flat this year at around 1.1m after last year’s record volumes.
