August 13, 2010 / 4:05 AM / 7 years ago

Indonesia's car sales rise 72 pct in July from yr ago

JAKARTA, Aug 13 (Reuters) - Indonesia’s total domestic car sales, a widely followed indicator of consumer demand in Southeast Asia’s biggest economy, rose 72 percent in July from a year ago, industry data showed on Friday.

Domestic car sales in July reached 72,090 units versus 41,910 units a year ago, led by Toyota (7203.T), Daihatsu 7262.T, Mitsubishi (7211.T), Honda (7267.T) and Suzuki (7269.T), according the Indonesian Automotive Association (Gaikindo).

Total domestic car sales in the first seven months reached 442,298 units, compared to 252,156 units in 2009.

Domestic demand is one of the main drivers of growth in the world’s fourth most populous country.

Indonesia’s economic growth is expected to peak in the third quarter, and full-year GDP growth may exceed 6 percent this year, the statistics bureau said earlier this month. [ID:nJAK189986] (Reporting by Telly Nathalia; Editing by Sara Webb)

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