Strong market rebound continues across all truck segments in Indonesia in Q4
By Will Pulson - 7th March 2022
Indonesia - The Indonesian market for commercial vehicles over 2 tons gvw continued to recover strongly in the fourth quarter of 2021, with sales rising more than 60% to 47,210 units from a depressed 29,423 units a year earlier, based on AsiaMotorBusiness.com analysis of industry data.
Indonesia’s economy rebounded by over 5% year-on-year in the fourth quarter of 2021 after shrinking by 2.2% in the same period of the previous year. The economy also accelerated after the slowdown to 3.5% in the third quarter of last year, after the government lifted the social and business restrictions it put in place in July to control the spread of the Covid-19 Delta variant.
