Automotive Manufacturing Business Indonesia Automobile Gross Sales
Still, there are no major considerations about this example as domestic automotive demand has ample room for growth in the many years to come back with Indonesia’s per capita automotive ownership nonetheless at a very low stage. When these LCGC automobiles had been launched they, generally, had a price ticket of round IDR a hundred million (approx. USD $7,500) therefore being attractive for the country’s large and increasing middle class phase. By early the average price of the LCGC had risen to around IDR 140 million (approx. USD $10,500) per automobile. With the implementation of the ASEAN Economic Community at the start of 2016, the Indonesian government also goals to make Indonesia the regional hub for the production of LCGCs. This correlation between home automobile gross sales and financial development is clearly seen within the case of Indonesia. Between the years 2007 and …