New vehicle sales in Indonesia fell by 19.3% to 78,802 units in December, from 97,691 units a year earlier, according to data released by industry association Gaikindo.
Buying activity was affected by fuel price increases and a hike in the benchmark interest rate in the previous month, further undermining business and consumer sentiment already affected by slowing economic growth throughout the year.
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Full year sales fell by 1.8% to 1,208,019 units, from 1,229,901 units in the previous year. Sales of low cost green cars increased by 236% to 172,120 units, compared with 51,190 units sold in the final four months of 2013.
This offset a 14.6% drop in other light passenger vehicle sales to 707,341 units and a 6.2% decline in commercial vehicle sales to 328,558 units.
Toyota’s sales fell by 8.1% to 399,746 units, with sales affected by stronger competition in the compact MPV segment. Daihatsu sales were just slightly lower at 185,226 units, while Suzuki’s sales were 5.5% lower at 154,923 units.
The launch of the Mobilio compact MPV at the end of 2013 helped Honda increase its sales by almost 74% to 159,147 units.
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