Indonesian car market recovering with sales up 7.4% in Feb

Jakarta (ANTARA News/Asia Pulse) -- Indonesia's car market began to pick up with sales rising 7.4 per cent to 34,000 units in February, after being on the decline since late last year. In January sales sank to 31,634 units from 39,000 units in December representing a sharp fall from 46,122 units year-on-year. 

The launching of new models and big cuts in the benchmark interest rate (BI Rate) by Bank Indonesia boosted sales, said Jojana Djodi, sales general manager of PT Toyota Astra Motor. 

An increase has also been reported in the sales of motorcycles, up 12.7 per cent to 414,004 units in February from 367,205 units in the previous month.

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