Sales in the world’s third-largest motorcycle market after China and India grew by 7.4 per cent during March, to a monthly total of 665,334 units, according to Indonesia’s bike industry association AISI.
The March figure was 2.4 per cent up on February and added into a first-quarter total of just over 1.96 million units. This is about five per cent better than the same three-month period last year, when the announcement of point-of-sale credit restraints initiated the beginning of a sharp dip in the previously buoyant Indonesian market.
AISI attributes this to returning consumer confidence driven by low interest rates, and indicators suggest the Indonesian market could rebound to approximately the same level it achieved in 2011 if present growth is maintained.