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Jan 16, 2017 09:27:39

Auto: Stronger vehicles wholesales

Based on Indonesia Auto Industry Association (Gaikindo) and the Indonesia Motorcycle Industry Association, indicative FY16 cars and motorcycles wholesales reached 1.05m (+3.9% YoY) and 5.93m units (-8.5% YoY), respectively. We expect an improvement in demand for both 2W and 4W in 2017, mainly driven by:
 
i) Relaxation LTV threshold policy
ii) Lower financing costs
iii) Better consumer spending, boosted by higher commodity prices, such as CPO and coal

$ASII $IMAS

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