Economic Indicators13 hours ago (Jun 15, 2020 05:40AM ET)
(C) Reuters.
JAKARTA (Reuters) – Car sales in Indonesia plunged 95.8% in May from a year earlier to 3,551 units, industry association data cited by the country’s largest auto distributor PT Astra International (JK:ASII) showed on Monday.
May sales were also less than half the 7,868 units sold in April when sales were down 90.6% from a year earlier due to movement curbs imposed to contain the spread of the coronavirus.
Indonesia’s car market is dominated by Japanese brands, with Toyota (T:7203) and Daihatsu (T:6023) usually leading sales, but Mitsubishi (T:8058) and Suzuki (T:7269) led in May.
Indonesia auto sales plunge 96% in May
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