ID :
20113
Thu, 09/18/2008 - 23:12
Auther :
Shortlink :
https://www.oananews.org//node/20113
The shortlink copeid
AUTOMOTIVE INDUSTRY PLAYERS OPTIMISTIC 2008 SALES TO EXCEED 550,000 UNITS
Jakarta, Sept 18 (ANTARA) - Despite worries about the government's plan to raise the vehicle tax, increasing interest rates and the weakening rupiah, automotive industry players in Indonesia are optimistic their sales in 2008 can exceed 550,000 units, a spokesman said.
"According to our calculations, we can set an initial sales target of 500,000 units for this year. But it is likely to reach more then 550,000 units," Mukiat Sutikno, managing director of PTB General Motors Auto World Indonesia (GMAWI), said here Thursday.
He said as per last August, General Motors (GM) had already sold 1,800 units of all types of vehicle and was optimistic the figure would rise to 3,000 units by year end.
"We have quite good expectations for sales in September. We have set our target at 280 units. I'm optimistic the 3,000 units target will be achieved because last August 22 we managed to sell 110 units in one day," he said.
Even so, Sutikno said, the higher interest rates and gasoline prices, the weakened rupiah and the planned raise in vehicle tax could influence automotive sales. The interest rate hikes especially could have a significant impact on sales because 80 to 85 percent of GM sales were made on credit terms.
"Usually buyers make a 15 to 20 percent down-payment but pay the rest under a credit plan. I think most automotive sales in Indonesia use a credit scheme," he said.
Previously, Bambang Trisulo, chairman of the Indonesian Motor Vehicle Industries Federation (Gaikindo), said at a hearing with the House of Representatives (DPR)'s Commission IX he was optimistic four wheeled vehicle sales in 2008 would reach 580,000 units.
Meanwhile, Gaikindo vice chairman Jongkie Sugiarto had said import duties and added-value tax on luxury goods had made the prices of automotive vehicles in Indonesia thrice as high as in their respective countries of origin.
"According to our calculations, we can set an initial sales target of 500,000 units for this year. But it is likely to reach more then 550,000 units," Mukiat Sutikno, managing director of PTB General Motors Auto World Indonesia (GMAWI), said here Thursday.
He said as per last August, General Motors (GM) had already sold 1,800 units of all types of vehicle and was optimistic the figure would rise to 3,000 units by year end.
"We have quite good expectations for sales in September. We have set our target at 280 units. I'm optimistic the 3,000 units target will be achieved because last August 22 we managed to sell 110 units in one day," he said.
Even so, Sutikno said, the higher interest rates and gasoline prices, the weakened rupiah and the planned raise in vehicle tax could influence automotive sales. The interest rate hikes especially could have a significant impact on sales because 80 to 85 percent of GM sales were made on credit terms.
"Usually buyers make a 15 to 20 percent down-payment but pay the rest under a credit plan. I think most automotive sales in Indonesia use a credit scheme," he said.
Previously, Bambang Trisulo, chairman of the Indonesian Motor Vehicle Industries Federation (Gaikindo), said at a hearing with the House of Representatives (DPR)'s Commission IX he was optimistic four wheeled vehicle sales in 2008 would reach 580,000 units.
Meanwhile, Gaikindo vice chairman Jongkie Sugiarto had said import duties and added-value tax on luxury goods had made the prices of automotive vehicles in Indonesia thrice as high as in their respective countries of origin.
