New vehicle sales in Indonesia rose by 7.5% to 94,800 units in February, from year earlier sales of 88,200 units, according to data from industry sources.
The market continues to benefit from low interest rates in the country, the recent launch of important new and replacement models over the last 18 months and moderately stronger economic activity.
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In the first two months of 2017, the market expanded by 4.5% to 181,000 units, from 173,200 units a year earlier. This follows a 4.7% sales rise to 1,061,100 units last year – up from 1,013,300 units in 2015 after two years of decline.
Among the new models that have helped drive the market forward are replacements for the popular Toyota Innova and Avanza MPVs in the second half of 2015 and the new generation Fortuner full-size SUV in early 2016.
In the third quarter of last year, Toyota introduced a new compact MPV, the Sienta, and a seven seat variant of its Agya low-cost green car (LCGC) – the Cayla. New models from Daihatsu and Honda have also helped drive up sales.
