Indonesia’s motorbike sales tick up last year

24-Jan-2020 Intellasia | Xinhua | 6:02 AM Print This Post

Indonesia’s motorbike sales, a barometer for measuring the purchasing power of the middle-and-low income group in the country, edged up slightly last year as prices of commodities and political situation were relatively stable.

Data from the Indonesian Motorcycle Industry Association showed that the sales of motorbikes nudged 1.6 percent higher to 6.47 million units in 2019 year-on-year, media reported on Wednesday.

The association’s Commercial Department Head Sigit Kumala said that improved economic activities in the provinces across the country and massive constructions of infrastructure facilities as well as rising commodities prices had factored to the hike of the motorbike sales last year.

Meanwhile, the association’s Head Johannes Loman said that relatively stable political condition in the country had caused the hike of the sales of the product last year.

The country held direct presidential and legislative elections peacefully last year.

Loman pointed out that the Indonesian market still offers opportunities to motorbike dealers for drifting higher sales of motorcycles as the total number of products in the country remains small.

Indonesia is Southeast Asia’s biggest economy with over 260 million middle-class people.

http://www.xinhuanet.com/english/2020-01/22/c_138727093.htm

 


Category: Indonesia

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