According to the GAIKINDO sales report, Indonesia Light Vehicle sales dropped slightly by 4% YoY and 2% MoM in July, but the YTD sales remained in the positive sales growth at 5% YoY. However, the July sales were stronger than expected and the July selling rate reached a robust 1.25 million units per year, up 31% from a solid June. The YTD selling rate averaged 967k units a year, compared to last year’s total LV sales of 960k units.
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