Indonesian car sales are expected to rise 7% to 750,000 units in 2011, as growth slows sharply from 2010 as government plans to limit fuel subsidies bite.
Indonesia’s car sales are estimated at 730,000 units this year, a 50% jump from the 486,000 units sold in 2009, Suparno Djasmin, chief executive of Daihatsu sales operations at PT Astra International, told Reuters.
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Indonesia had initially planned to curb the supply of subsidised fuel in a bid to reduce the cost of fuel imports this September but the plan has been delayed to next year, sources said in July.
Indonesia’s total domestic car sales rose 32% in September from a year ago, slower growth than seen earlier this year.
Domestic car sales for the full year are still expected to rise to a record level on strong consumer demand and wealth creation in an economy forecast to grow at more than 6% this year and next, the report added.
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