New vehicle sales in Indonesia increased by 11.4% to 89,456 units in December, from 80,325 units a year earlier, according to data released by local industry association Gaikindo.
Full year sales rose by almost 25% to a new record of 1,116,230 units, from 894,164 units in 2011, with increased borrowing and strong domestic economic growth driving sales ever higher.
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Interest rates are at record lows at present, with the Bank Indonesia overnight lending rate at 5.75% and with commercial banks offering further discounted rates.
