Domestic car sales growth to slow

Domestic car sales growth to slow

JAKARTA: Indonesia's car sales growth will slow this year on concern that higher interest rates and a weaker rupiah will dampen demand, an official at a local unit of Japan's Toyota Motor Corp. said today.

Domestic car sales will probably rise to 540,000 units this year, an increase of 12 percent, Johnny Darmawan, vice president at PT Toyota Motor Manufacturing Indonesia, told reporters in Jakarta.

Last year, domestic car sales rose 36 percent. -- Bloomberg