TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

2-wheeler sales hit 6.2 million

  • The Jakarta Post

Jakarta   /   Wed, January 21 2009   /  01:00 pm

Easier access to bank loans, coupled with worsening traffic congestion mainly in Greater Jakarta, boosted new motorcycle sales last year by 32 percent.
Motorcycle sales topped a record 6.21 million units last year as against 4.68 million units in 2007, according to PT Astra International and the Indonesian Motorcycle Industry Association (AISI) Tuesday.
Last year’s sales defied high fuel prices and higher lending interest rates.
The government increased fuel prices nearing the end of the first semester by 28.7 percent on average, pushing up inflation and interest rates to 9.5 percent until early December.
Motorcycle sales are often used to gauge the purchasing power of middle to low-income consumers.
According to AISI, the largest sales were recorded in August last year, when 612,032 new motorcycles hit the street.
...