New vehicle sales in Indonesia were slightly higher in September with deliveries to dealers rising to 93,150 units from 93,050 units a year earlier, according to industry sources quoting data compiled by Industry association Gaikindo.
This is the sixth consecutive month of growth for the market after two years of decline, bringing cumulative nine-month sales to 783,100 units, up by 2.4% from 764,700 units a year earlier.
The market's recovery follows a series of interest rate cuts by the central bank this year, to 5% from 7.5% at the end of last year. This helped raise GDP growth to 5.2% in the second quarter from under 5% in previous quarters.
New model launches, including new low-cost MPVs from Toyota and Daihatsu, and intense marketing activity in recent months, also have helped lift the market.
Gaikindo's deputy chairman Jongkie Sugiarto remains confident that full-year sales will reach 1.05m units – 3.6% higher than last year's 1.013m.
