Indonesia’s vehicle sales rose by 46% year-on-year in April to 51,500 units as interest rates declined further.
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Jodjana Jody, head of sales at Toyota Astra Motor, told Reuters that Toyota sold 17,890 units last month, up 47.6% from the same month in 2007. Total sales of all makers could be the highest since March 2005.
Toyota Astra Motor, owned by PT Astra International Tbk , the largest automotive distributor in the country, is the distributor of Toyota cars in Indonesia.
The Indonesian vehicle market continued to recover strongly in the first quarter, with deliveries to dealers rising by 60.2% to 135,387 units – making it the second-largest automotive market in the ASEAN after Thailand. Sales continued to be underpinned by strong domestic economic growth and benign interest rates of 8%.
Toyota sold 45,058 vehicles during the quarter, for a market share of 33.2%, with the Avanza remaining its best-selling model with 16,158 sales – followed by the Kijang Innova with 14,033 units. Daihatsu sold a further 15,032 units and Hino 3,053 commercial vehicles, giving the Toyota group a market share of 46.6%.
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By GlobalDataMitsubishi sold 19,878 vehicles during the quarter, with the Canter light commercial_vehicle range accounting for almost half its volumes. Suzuki followed closely with 18,706 sales, while Honda sold 12,789 units.
Indonesia has not been unaffected by rising energy and commodity prices and the government is widely expected to be forced into action in the second half of 2008. Inflation is expected to go into double-digit figures later in the year and interest are likely to be hiked to around 9%. Fuel subsidies are rising in response to higher oil prices and fuel price hikes also look increasingly likely later this year.
