Indonesia - Market for commercial vehicles in Indonesia falls by 9.4% to just below 40,000 units
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By Jim Gibbins - 1st June 2019
Indonesia - The Indonesian market for commercial vehicles over 2 tons gvw declined by 9.4% to 39,824 units in the first quarter of 2019 from strong year-earlier sales of 43,936 units, based on www.AsiaMotorBusiness.com analysis of vehicle wholesale data.
Economic growth in the country remained sluggish in the first quarter at just under 5.1% year-on-year and slightly slower than the almost 5.2% growth seen in the fourth quarter of 2018. The increase in spending that was anticipated relating to the presidential and parliamentary elections held in April failed to offset a slowdown in investment and export growth.
