Indonesia’s July car sales rebound 37% y-o-y

A man views a BMW car at a showroom in Jakarta, Indonesia January 11, 2017. (Reuters file photo)

JAKARTA — Car sales in Indonesia rebounded 37.2% in July from a year earlier, according to PT Astra International Tbk citing data released by the automotive industry association on Monday.

Automakers sold 84,905 vehicles in July, the data showed.

On a monthly basis, car sales were also up 27.9% from June.

PT Astra International is an Indonesia-based firm primarily engaged in the automobile business. Sales contracted almost 28% in June from a year earlier, during the long Muslim Eid al-Fitr holiday.

Seasonal factors were likely the reason for the bounce in July.

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