Auto sales in Indonesia saw a 26.5% increase in January

Article by Christian A., on February 20, 2013

Auto sales in Indonesia had an optimistic start with a 26.5% increase in January after having broken records in 2012 due to low interest rates and surges in wages. Auto sales are regarded to be a significant indicator of domestic consumer spending. High auto sales are also a sign of quick growth in the country, which is the biggest economy in Southeast Asia.

Sales in January increased to 96,656 vehicles. The climb was a lot faster than the 11.4% year-on-year increase noted in December. Sales had grown by 8% over the previous month. The Indonesia Automotive Industry Association (Gaikindo) said that sales were led by Toyota Motor Corp, Mitsubishi Motors Corp and Suzuki Motor Corp.

Several analysts have predicted a double-digit growth in 2013 after a 25% increase to 1.1 million vehicles in 2012 despite new down payment requirements for auto purchases which were targeted at lowering loan growth. Nissan’s multi-purpose vehicle (MPV) models Grand Livina and Evalia had helped the automaker post its best January sales ever of 5,409 vehicles in Indonesia, a 3.9% increase from the previous year. Nissan regards Indonesia as a key to its goal to revive Datsun as its emerging market brand.

If you liked the article, share on:

Topics: indonesia, sales

Comments

Recommended

November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 2017
As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 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