Indonesian vehicle market up 29% in July
Indonesia’s new vehicle market surged by over 29% to 86,256 units in July 2022 from 66,639 units a year earlier, according to member wholesale data compiled by industry association Gaikindo.
The vehicle market last month continued to rebound from the 10% decline in May, when activity was held back by the annual Eid holidays, and also by improving supply chain backlogs. Economic growth was a better than expected 5.4%…