Automotive Manufacturing Business Indonesia Car Sales
Meanwhile, per capita GDP was weakening due to slowing economic progress. Lastly, the weak rupiah (which had been weakening since mid-2013 amid the US taper tantrum) made imports dearer. Given that many car parts still must be imported therefore elevating manufacturing costs for Indonesian automotive producers, worth tags on automobiles turned dearer. However, due to fierce competitors within the domestic automotive market not all the time have manufacturers and retailers been able to move these prices on to end-users. The LCGC has turn into a very fashionable vehicle in Indonesia and now contributes almost 25 % to complete home automobile…