COVID-19: Motor vehicle sales in Indonesia still robust in August
The continuously strong sales in the country can be attributed to the tax discount for motorised vehicles
While the low-base effect of 2020 for motor vehicle sales seems to be cooling down, their growth remained robust in August. 83,319 vehicles were sold on the domestic market which meant a 25% m/m and 123.5% y/y increase.
The continuously strong sales in the country can be attributed to the tax discount for motorised vehicles that the Indonesian government introduced in March 2021. The discount has been extended until December this year.
Further data and analysis on Indonesia’s economy are available on the CEIC Indonesia Economy in a Snapshot – Q3 2021 report.