The volume of sales of motorcycles rose about 15% in April from a year ago, industry data showed, as the sector continued to recover from a slump in 2006.
Data from three major manufacturers, obtained by Reuters from an industry source on Tuesday (8/5/07), showed Honda, Yamaha and Suzuki, which control more than 98% of domestic sales, jointly sold 307,877 motorcycles in April, up 15.29% from a year ago.
Sales of Honda Motor Co declined by 1.27% to 138,434 units while sales volume of Yamaha Motor jumped 37.52% to 128,270 units compared to a year ago. Suzuki Motor booked an increase in sales of 22.64% from a year ago to 41,173 units. Honda reclaimed its top spot again in terms of monthly sales volume after losing it to Yamaha in March, the data showed.
Motorcycle sales, seen as barometer of economic activity, fell by nearly 13% last year after authorities more than doubled domestic fuel prices in October 2005. Sales hit a record high of nearly 5.1 million units in 2005 and analysts expect them to top 5 million units again this year, as interest rates decline.
Meanwhile total sales of new passenger and commercial vehicles rose 4.2% on month to 35,338 units in April, industrial data showed Friday (11/5/07), Dow Jones Newswires reported.
On year, April sales rose 57%, according to data compiled by the Indonesian car maker association Gaikindo.
Toyota vehicles, which are assembled and marketed by PT Astra International, led the market during the January-April period, with 42,593 sold, followed by Suzuki with 16,201 vehicles sold.