comparemela.com

குழி அப்துல்லா News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Car sales surge 70 per cent in Indonesia after luxury tax cut

Lines of vehicles pack kilometer 6 of the Jagorawi Toll Road in Jakarta on Oct. 30, 2020. - Antara JAKARTA (The Jakarta Post/ANN): Domestic car sales skyrocketed in March as a luxury tax (PPnBM) cut for small cars came into effect, but overall sales remained below prepandemic levels, meeting observers’ expectations about the effect of key incentives on consumer spending. Nearly 85,000 cars were sold domestically in March, up 72.5 per cent from the previous month and up 10.5 per cent from March of last year, according to data from the Association of Indonesian Automotive Manufacturers (Gaikindo). Some consumers decided in March to buy a new car, while others made purchases they had delayed from February – when the incentive was announced – to take advantage of the savings.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.