Motorcycle sales up 2.9% in May

Motorcycle sales up 2.9% in May

JAKARTA: Sales of new motorcycles in Indonesia rose 2.9
percent to 320,904 in May from 311,995 in April, Indonesia's
association of motor-vehicle producers Gaikindo said Wednesday.

It didn't provide a reason for the increase in May, which saw
the highest monthly sales figure during the first five months of
the year.

But analysts said the increase was likely due to the low
interest rate environment in the country.

Market leader PT Astra International sold 164,424 motorcycles
in May, down 3.3 percent from 170,086 units in the previous
month.

Astra makes and sells Honda motorcycles with Japan's Honda
Motor Co.

In the first five months of this year, Astra sold 798,932
motorcycles, equivalent to a 54 percent market share. -- DJ