New car sales in Indonesia expanded by 17.2% to 102,079 units in April, compared with 87,079 units a year earlier, according to preliminary wholesale data released by local distributors.
The latest government data showed the country’s economy expanded by over 6% in the first quarter on the strength of the domestic economy and buoyant inward investment.
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Policies introduced recently to prevent over borrowing by consumers, including minimum down payments on car loans, have so far had a limited impact on the market.
Cumulative sales for the January-April period rose 18.2% to 397,991 units, from 336,668 units a year earlier. Honda is enjoying a strong rebound from last year’s disruption caused by the Thai floods in late 2011. The brand’s sales increased almost four-fold in the first four months of the year.
Suzuki also enjoyed strong sales growth thanks to strong demand for the Ertiga compact MPV, introduced in mid-2012. Toyota and Daihatsu struggled to keep pace with the overall market, amid sluggish demand for their passenger vehicles in particular.
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