Indonesia Turns A Corner

It was always a tough act to follow, but Indonesia fell significantly short of 2005's record vehicle sales with a 40% drop in 2006. Despite a rally in November 2006, when a cut in interest rates and a number of product launches pushed sales up by 61% compared with October and 28% from the previous November, full-year sales came in at 318,876 units, compared with 533,841 units in 2005. However, BMI's recently published Indonesia Automotives Report suggests that a recovery is on the cards in 2007, forecasting sales growth of 6% y-o-y. This is slightly lower than the more optimistic

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