Saturday, July 25, 2009

Indonesian Vehicle Sales Projected to Rise at Least 11% in 2010

Domestic car and motorcycle manufacturers revised their sales targets for the next 18 months as the Indonesian International Motor Show kicked off in Jakarta on Friday.

Although sales of new vehicles have fallen sharply this year, analysts believe they will rise more than 11 percent in 2010, said Bambang Trisulo, chairman of the Indonesian Automotive Industry Association (Gaikindo).

He said nationwide vehicle sales may exceed 500,000 units in 2010, up from an estimated total of 450,000 this year — a 25 percent decline from 2008.

Gaikindo had earlier reported that vehicle sales rose 10 percent month-on-month in June.

Meanwhile, the Indonesian Motorcycle Industry Association (AISI) said on Friday that it had raised its industry sales forecast this year, to a decline of less than 20 percent, from an earlier projected drop of 40 percent.

“We had expected up to a 40 percent drop in sales, but the recovery has been faster and better than what we’d expected,” Gunadi Sindhuwinata, the chairman of the motorcycle association, said on Friday.

“I now expect sales to drop less than 20 percent.” Bloomberg, JG

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