From Government of Indonesia

Astra Sees H1 Vehicle Sales at 180,000 Units

PT Astra International sees total domestic vehicle sales at 180,000 units in the first half of 2007, company director Johnny Darmawan said on Tuesday (29/5/07).

The company had said that total domestic vehicle sales may top 400,000 units this year, recovering from a slowdown in 2006 when the market was hit by high interest rates and weak purchasing power.

"Sales in the next few months are seen reaching 35,000 units a month. So in the first half, I think it can reach 180,000 units," Darmawan was quoted as saying by Reuters.

Vehicle sales in the country plunged by about 40% last year after the government more than doubled domestic fuel prices in October 2005.

Sales reached a record-high 533,910 units in 2005 before dropping to 318,883 units last year. Analysts and industry experts predict volumes may reach 350,000-400,000 units this year.
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