Motorcycle sales to drop 25%
Indonesian motorcycle sales would likely to drop 25% in the first quarter 2006 due to reduced consumer spending, Antara reported.
Johannes Hermawan, director of PT Astra Honda Motor, the largest motorcycle producer in the country, predicts the Q1 sales would only reach 862 thousands unit against 1.151 million units in Q1 2004.
The Indonesian Motorcycle Manufacturers Association (AISI) announced early this year that motorcycle sales in 2005 rose 31.2 percent to 5.1 million units from 3.89 million units in 2004. Industry analysts say the dramatic increase in sales is a result of improving consumer sentiment during the fast half of 2005 and a shift to more fuel-efficient forms of transportation following early October fuel price increases.
AISI, however, predicts that higher interest rates, inflation, and reduced consumer spending will result in 2006 motorcycle sales of fewer than 3 million units.
Hermawan said Astra was targeting 52% market share. In the first quarter Astra's market share would be 50% the most. Weak demand is predicted to continue until the end of first half.
Johannes Hermawan, director of PT Astra Honda Motor, the largest motorcycle producer in the country, predicts the Q1 sales would only reach 862 thousands unit against 1.151 million units in Q1 2004.
The Indonesian Motorcycle Manufacturers Association (AISI) announced early this year that motorcycle sales in 2005 rose 31.2 percent to 5.1 million units from 3.89 million units in 2004. Industry analysts say the dramatic increase in sales is a result of improving consumer sentiment during the fast half of 2005 and a shift to more fuel-efficient forms of transportation following early October fuel price increases.
AISI, however, predicts that higher interest rates, inflation, and reduced consumer spending will result in 2006 motorcycle sales of fewer than 3 million units.
Hermawan said Astra was targeting 52% market share. In the first quarter Astra's market share would be 50% the most. Weak demand is predicted to continue until the end of first half.
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