Car sales drop, but higher than expected
The Jakarta Post ,
Jakarta | Wed, 06/18/2008 10:45 AM |
Business
Car purchases slightly decreased in May due to fuel price concerns, but
industry players say sales were higher than expected.
According to a report by the Indonesian Automotive Industry Association
(Gaikindo), car sales in May dropped 1.8 percent to 50,699 units from
51,639 units the previous month.
"The 1.8 percent decrease is actually a relief for the car industry,
considering the recent fuel price hike and the January increase in car
prices," Gaikindo vice chairman Johnny Darmawan told The Jakarta Post on
Tuesday.
The government raised fuel prices by an average 28.7 percent on May 24,
bringing the price of Premium gasoline to Rp 6,000 (65 US cents) per
liter from Rp 4,500, diesel to Rp 5,000 from Rp 4,500 per liter and
kerosene from Rp 2,000 to Rp 2,500 per liter.
Johnny said the association had expected the repercussions of the hikes
to be worse as people's purchasing had been significantly reduced.
Gaikindo is currently considering a reduction in its sales target for
this year by 7 percent from 500,000 units estimated at the end of last
year, Johnny said.
Last year the country saw a total 434,000 cars sold.
The May report shows car brands Toyota, Isuzu, Daihatsu and Mitsubishi
recorded drops in sales, while Suzuki and Honda posted increases.
The country's largest industry player, Astra Group, which is licensed
to manufacture and distribute brands including Toyota, Daihatsu, Isuzu,
Nissan Diesel and Peugeot, suffered a 6.21 percent sales drop to 25,555
units in May from 27,221 the previous month.
Astra's biggest selling brand, Toyota, suffered a 2.32 percent decrease in
sales to 17,497 units.
Toyota sales general manager Jodjana Jody said Gaikindo only recorded
wholesale and not retail transactions, adding that Toyota had a sizable
consumer waiting list.
"The fact is, demand for cars has so far been very strong, while supplies are
weak," Jody told the Post.
For example, he said, "as many as 9,400 Avanza units were ordered in May, but
only 6,240 have so far been received".
As of May, there were 21,000 orders for the multi-purpose vehicle (MPV)
Avanza that had not been filled. In addition, Toyota saw supply of its
second highest selling model -- the MPV Kijang Innova -- fall short of
demand by 6,000 units.
"Therefore, production capacity is actually the real problem for Toyota, and
that is what we are working on," Jody said.
He said while the fuel price increase had impacted purchasing power, the effect
would be temporary.
"Maybe the impact will be felt in the third quarter, but as interest
rates are expected to remain low, people will still want to buy cars."
He said sales would also benefit from next year's general election.
"This will affect the real sector, boost expenditures in the economy and lead
to a better purchasing power," Jody said.
Toyota is optimistic it can maintain sales at around 150,000 units this year,
equating to a 34 percent market share, he said.
According to Gaikindo, the first five months of 2008 saw car sales grow
33.64 percent to 237,941 units from 157,892 in the same period last
year. (dia)
--- On Wed, 18/6/08, fenani <[EMAIL PROTECTED]> wrote:
From: fenani <[EMAIL PROTECTED]>
Subject: Re: [obrolan-bandar] Re: ASII... duh nasib2
To: obrolan-bandar@yahoogroups.com
Date: Wednesday, 18 June, 2008, 10:41 AM
hehe... setuju pak ricky dan bu eka. asii ditungguin akhir taun
aja.
saya ambil awal taun ini dan ave down lagi jadi 23ribuan. mo jadi high
motivated investor aja ahh, sekalian buat temen pgas hehe.. sayang ya klo mo
CL, soalnya beritanya positip terus walaupun perkembangan di lantai dansa
agak bikin nervous. yah..itu bidangnya elaine cs kali ya.. out of my strength
(lhoh kok pasrah gini :p)
klo mo bwt short, hexa udah ketinggian ya ? -just wondering.. :)
On 6/18/08, andrw268 <[EMAIL PROTECTED] com> wrote:
Dok
watr tuh apa yah ?
sjk kpn neh dok main saham ? hehehhehe... .
ex pasien di jkt barat
--- In obrolan-bandar@ yahoogroups. com, "yadi faris" <[EMAIL PROTECTED]
..>
wrote:
>
> hahahaha
> pak sulis, Eka N itu bu dokter...(DSA)
> alo bu dokter pakabar....
> msh praktek d cinere ? halah jd OOT deh....
>
> 2008/6/17 sulistyo_winarto <sulistyo_winarto@ ...>:
>
> > OK Thanks Pak Eka N., Newbie udah beli lagi di 19.900. Kalau
besok
> > turun, yah taruh dibawah bantal.
> > Salam....
> >
> > --- In obrolan-bandar@ yahoogroups. com <obrolan-bandar%
40yahoogroups. com>,
> > "eka nurfitri"
> >
> > <nurfitri.eka@> wrote:
> > >
> > > mas, asii itu baik fundamentalnya, ga usa takut. faktor saham
adalah
> > faktor
> > > rumor, fear and gred, asal kita beli di harga bagus untuk yang
FA baik,
> > > pasti akan naik dan dapet deviden (deviden asii lumayan cantik
loh, trus
> > > harganya juga sebenernya ga jelex, dengan perusahaan yang
cukup variatif
> > > tetapi fokus juga), coba aja ikut watr minggu depan, kalo ga
salah
> > dibahas
> > > tentang asii dan bmri. wass, eka
> > >
> > > 2008/6/17 sulistyo_winarto <sulistyo_winarto@>:
> > >
> > > > Senior OB, ASII gimana nih ? masa mau di CL ? beli kemarin
di 20050.
> > > > sekarang turun. Newbie udah AD dibawah. Jangan2 malah turun
lagi. Mana
> > > > HEXA disuspend lagi. Hari ini ditinggal sebentar aja udah
merah darah.
> > > > Mohon pencerahan Senior OB. NB : Eropa koq hijau ya ? Ada
apa dengan
> > > > IDX sih..toubat d
> > > >
> > > >
> > > >
> > >
> >
> >
> >
>
Send instant messages to your online friends http://uk.messenger.yahoo.com
