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from THE JAKARTA POST -- MONDAY, MARCH 1, 2010 -- PAGE 13 The Indonesian automotive sector looks ready to bounce back this year after a sharp drop in sales in 2009, but strong sales this January, although most players are treading carefully.
According to the latest data from the Indonesian Automotive Industry Association (Gaikindo), total car sales in January rose by 69 percent from 31,642 in the same month in 2009 or by 20 percent from 48,414 in December last year.
Car sales in January this year also exceeded last year's highest monthly sale of 52,226, recorded in October.
With the sharp increase in the monthly sale in January, local car distributors hoped …