New vehicle sales in Indonesia fell by 18% to 79,383 units in May, from 96,874 units a year earlier, according to industry association Gaikindo.
Cumulative five month sales fell 16.6% year on year to 443,328 units, from 531,504 units, as the slowdown in the country’s economic growth continued to affect consumer and business spending.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
GDP growth slowed to a six year low of 4.7% in the first quarter of this year, reflecting weak exports, depressed commodity prices and high interest rates. The rupiah has fallen by around 7% against the US dollar, making it one of the worst currency performers in Asia.
Toyota’s market share reportedly slipped to 29% in May while Daihatsu’s share rose to 18% and Honda’s remained largely unchanged at 14%.
