Indonesia Autos Q2 2019
Sales in the passenger car segment will be supported by strengthening household spending, while the commercialvehicle segment will benefit from robust construction sector activity.That said, tightening monetary conditions and an uptick ininflationary pressures will provide some headwinds to growth in sales in the year ahead. We forecast new vehicle sales in Indonesiato grow by 6.0% in 2019, reaching a total of around 1.2mn units by the end of 2019. Breaking this down, we expect a 3.2%expansion in new passenger car sales, while commercial vehicle (CV) sales will outperform, with forecast growth of 15%.
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