Gaikindo chairman Jongkie Sugiarto said weakening household purchasing power was the main reason behind the slump in auto sales. — The Jakarta Post
JAKARTA: Car sales remained weak in May as slowing economic growth continued to weigh on demand, with both factory shipments and retail purchases recording a double-digit decline compared to a year earlier.
Wholesales shipping from factories to dealers declined 16.1% year-on-year (y-o-y) to 60,613 units in May, down from 71,391 in the same month last year, according to figures released by the Association of Indonesian Automotive Manufacturers (Gaikindo).
