Thursday, January 19, 2012

Indonesia becomes biggest automotive market in ASEAN

Indonesia has replaced Thailand as ASEAN`s biggest automotive market with car sales reaching 890,410 units in 2011.

"Thailand has been projected to restrain with a total industrial volume of 800,300 units from year to year in 2011," Vice President of Automotive Practice at the research company Frost & Sullivan Asia Pasifik, Vivek Vaidya, said in Jakarta on Wednesday.
First Chairman of the Association of Indonesian Motor Vehicles Industry (Gaikindo) Jongkie D Sugiarto also said that Indonesia`s car sales in 2011 had exceeded Thailand`s.