1st Quarter 2008, Car’s Market Jump Up 61%

1st Quarter 2008, Car’s Market Jump Up 61%

Buletin Bisnis

 

First Quarter 2008, Car selling jump up 61% compared with same period last year, from 84.337 unit to 135.387 unit in this year.

 

In early 2008, price rising issues had triggered a speculation to buy car increase.

 

Johnny Darmawan, Vice Chairman of Indonesia Automotive Industry Association last week said the thing that causing selling jump up is speculator move that bought car before the price increase. Because, car is an investment that liked by people.

 

Gaikindo data showed that five atpm (brand holding sole agents) such as Toyota, Mitsubishi, Suzuki, Daihatsu and Honda sold over 30%. Toyota sales increase 47,8% for first 3 month of 2008 or from 30.477 unit to 45.058 unit. This result made Toyota in first position of Indonesia Car’s market.

 

Mitsubishi comes in the second position, with 80% selling increase being 19.878 unit from previous period which 11.041 unit. Suzuki in the third rank with selling amount 18.706 unit, increase 60,2% from 11.673 unit.

 

Next is Daihatsu that increase the sales up to 32,2% with 15.032 unit. and the last one is Honda with total sales 12.940 unit or increase 49,7% from 8.746 unit.

 

Car sales jump up for first quarter 2008 reflect that car’s market stable toward negative issues such as basic material price rising such as steel, plastic and glass. besides domestic car market resistant toward crude oil price increase that recently at the level USD 111 per barrel.

 

Johnny further explain other issue that trigger the sales jump up is credit rate increase.

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