New vehicle sales in Indonesia rose by 72% to a new monthly record of 72,090 units in July, according to local industry sources. This brought the cumulative seven month total to 442,298 units – 75.4% more than the 252,156 units sold a year earlier.
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The country’s economy continues to grow strong on the back of strong domestic consumption, helped by historically-low interest rates of 6.5%, a rebound in foreign direct investment (FDI) and strong export growth. First-half GDP growth was 6%, compared with 4.2% a year earlier – at the peak of the global financial crisis.
Toyota sold 167,921 vehicles in the January-July period for a market share of close to 38%; followed by Daihatsu with 66,097 units (14.9%); Mitsubishi-Fuso 61,734 units (14%); Suzuki 40,039 units (9.1%); and Honda 34,929 units (7.9%).
