Auto sales in Indonesia jumped 2.5% in June 2013

Article by Anita Panait, on July 16, 2013

Vehicle sales in Indonesia grew just 2.5-percent year-on-year in June 2013, compared with a 4.2-percent year-on-year gain in May. According to industry data, a total of 104,265 vehicles were sold in Indonesia, which is considered as the biggest economy in Southeast Asia. Month-on-month sales growth in the country for June 2013 was 4.7 percent, lead by Japanese carmakers Toyota Motor Corp, Suzuki Motor Corp and Daihatsu Motor Co Ltd.

The lower sales growth in June was attributed to higher fuel prices in the country. Gaining strong for the month were motorcycles, which sales grew as consumer shift from cars due to higher fuel prices and purchases ahead of festivities at the end of the Ramadan.

Vehicle sales account for around 50 percent of Indonesia’s economy, making it one of the most important indicators of domestic consumption. The Indonesian central bank on Thursday increased its benchmark rate by 50 basis points to 6.5 percent to limit inflation as fuel prices surged anew in June. [source: Reuters]

Topics: indonesia, sales

If you liked the article, share on:

Comments

Recommended

It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Jaguar fans, as well as auto enthusiasts in general, has a reason to celebrate this week as the brand gave everyone a peek of the new 2018 XF Sportbrake. This...
by - April 28, 2017
BMW has revealed that its i brand has partnered with TED in order to launch a worldwide search of unique ideas under the title “NextVisionaries.” This brand has long been...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries