Car Sales Slip in July

The country’s biggest car dealer PT Toyota Astra Motor said Thursday (16/8/07) it sold 12,927 cars in July on the domestic market, down 2.9% from June but up 68.9% from a year ago.

Industry-wide domestic car sales in July dropped 2.6% to 38,396 from June, but were up 75% from a year ago, it said.

Since July is when school opens in Indonesia, "July sales are normally weaker (compared to) June because consumers usually spend more on education-related costs," Bamang Trisulo, chairman of the Indonesian Automotive Industries Association (Gaikindo), told Thomson Financial.

Industry-wide car sales in the seven months to July totaled 235,717 units, up 37% from 171,525 a year ago. Toyota Astra's cumulative sales in the seven months also rose 18% to 82,019 cars from 69,457 a year before.

Trisulo said the industry is still on track to achieve full year sales of 400,000-410,000 vehicles. "But we may have to rethink that forecast if the rupiah continues its fall below 9,500 per US dollar," he said.

Toyota-Astra is a 51%-49% joint venture between PT Astra International and Toyota Motor Corp.

Motorcycle sales also fell in July, down 2% year-on-year to 365,571 units, and down 1.7% on the previous month, data from the Indonesian Motorcycle Industry Association (AISI) sited by Thomson Financial showed.

The association said cumulative motorcycle sales in the seven months to July rose 13.2% to 2.49 million units.

Yamaha again outranked Honda in July as market leader with sales of 162,116 units compared to 155,320 in June. Honda sales fell to 143,305 units in July from 159,995 in June.
_________________________ Indonesian Business and Investment News Aggregator