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

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
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