Automotive Report Indonesia 4th Quarter
The Economist Intelligence Unit, December 2012, Pages: 15
Indonesia is the largest vehicle market in South-east Asia, and the country's automotive sector is an important pillar of domestic manufacturing. The domestic market was deregulated in 1999 and is one of the most competitive parts of the economy.
Trends in the automotive industry tend to be driven by interest rates, fuel price movements, the exchange rate and the pace of economic growth. Following a surge in sales in 2012, the Economist Intelligence Unit expects expansion in passenger-car sales of 11.3% a year on average in 2013-17. Sales will be supported by rapid economic growth, although a weaker rupiah in 2013 and continued high global oil prices in the forecast period will act as brakes on new registrations.
So too will regulations issued by Bank Indonesia (BI, the central bank) in June 2012 tightening up lending criteria for purchases of passenger cars and motorcycles. Around 70% of vehicles sold in Indonesia are bought on credit.
Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
Automotive Report Indonesia 4th Quarter
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