Mexican Media Brands
Indonesia’s Recovering Car Market May Stall
Demand for passenger vehicles in Indonesia is likely to drop to a three-year low in the first half of 2017, the Financial Times predicts.
#economics
Share
Demand for passenger vehicles in Indonesia is likely to drop to a three-year low in the first half of 2017, the Financial Times predicts.
Car sales in the country, which plunged 16% to 1 million units in 2015, expanded by an estimated 4% last year. The Assn. of Indonesian Automotive Manufacturers (Gaikindo) predicts the same growth rate for 2017.
But FT warns that the pace could slow or reverse in spite of more intense competition among carmakers. An index of purchase intent calculated by the newspaper’s independent FT Confidential Research service began to slip in the third quarter last year, sagging to 26.4 in the fourth quarter from 31.8 a year earlier.
The newspaper says threats to this year’s car market in Indonesia include the possibilities of weaker commodity prices, a tighter U.S. monetary policy and a failure of the government to meet aggressive spending targets.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future