{
    "success": true,
    "data": {
        "id": 1125547,
        "msgid": "vehicle-sales-growth-to-hit-the-brakes-in-next-year-1447893297",
        "date": "2005-11-16 00:00:00",
        "title": "Vehicle sales growth to hit the brakes in next year",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Vehicle sales growth to hit the brakes in next year Tb. Arie Rukmantara, The Jakarta Post, Jakarta Soaring inflation, higher interest rates and increased fuel prices may result in a downturn in vehicle sales growth next year, the country's two automotive market leaders, PT Toyota Astra Motor (TAM) and PT Indomobil Sukses Internasional, estimate. TAM president director Johnny Darmawan said next year's national car sales would grow by a just few percent or only match this year's sales figure.",
        "content": "<p>Vehicle sales growth to hit the brakes in next year<\/p>\n<p>Tb. Arie Rukmantara, The Jakarta Post, Jakarta<\/p>\n<p>Soaring inflation, higher interest rates and increased fuel<br>\nprices may result in a downturn in vehicle sales growth next<br>\nyear, the country's two automotive market leaders, PT Toyota<br>\nAstra Motor (TAM) and PT Indomobil Sukses Internasional,<br>\nestimate.<\/p>\n<p>TAM president director Johnny Darmawan said next year's<br>\nnational car sales would grow by a just few percent or only match<br>\nthis year's sales figure.<\/p>\n<p>\"There are many things we cannot predict, such as whether any<br>\nCabinet shakeup will get a positive market response or inflation<br>\nwill slide to a single digit next year,\" he said on Tuesday on<br>\nthe sidelines of the launch of the New Vios compact sedan.<\/p>\n<p>Johnny said this year's car sales would reach between 510,000<br>\nand 530,000, less than the Association of Indonesian Automotive<br>\nManufacturers' estimation of 550,000.<\/p>\n<p>\"The sector that finances car sales has also slowed down in<br>\npast months, particularly due to increasing interest rates,\" he<br>\nsaid.<\/p>\n<p>Indomobil president director Gunadi Sindhuwinata gave a lower<br>\nfigure. \"There is a possibility of declining sales,\" he was<br>\nquoted as saying by Antara. \"Sales next year may stand at only<br>\n500,000 or less.\"<\/p>\n<p>Johnny said the government could help boost car sales next<br>\nyear by keeping its promise to reduce inflation to a single digit<br>\nand carry out its mega infrastructure projects.<\/p>\n<p>\"If projects offered at the (January) Infrastructure Summit<br>\nare realized next year, they will eventually boost automotive<br>\nsales,\" he added.<\/p>\n<p>Despite the economic woes, Johnny believes TAM will reach its<br>\nsales target. As of September, TAM controlled 31.9 percent of the<br>\nnational car sales, which stood at 439,804 vehicles.<\/p>\n<p>\"In total, this year TAM will dominate 32 percent of the<br>\ncountry's market, 2 percent higher than our target,\" he said,<br>\nadding that the surging sales of Kijang Innova and Avanza played<br>\na major role in the increase.<\/p>\n<p>While sales of Indomobil -- manufacturer and sales distributor<br>\nof Audi, Mazda, Nissan, Renault, Suzuki, Volvo and other brands<br>\n-- stood at 91,644 vehicles in the first nine months of the year.<br>\nThe figure is a 26.2 percent rise from the 72,635 vehicles it<br>\nsold in the same period last year.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/vehicle-sales-growth-to-hit-the-brakes-in-next-year-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}