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Motorcycle Sales Rebound in July, Grow 76.4%

Jakarta. Motorcycle sales in Indonesia rose 76.4 percent in July from a year earlier, rebounding from a fall the previous month and the strongest increase in many years, data from an industry association mshowed on Monday (14/08).

Sales contracted 27 percent in June from a year earlier, during the long Muslim Idul Fitri holiday.

Seasonal factors were likely the reason for the bounce in July, as last year’s Idul Fitri holiday fell in the same month.

Sales stood at 538,176 motorbikes in July, up from 305,153 sold in the year-ago period. It was also higher than the 379,467 bikes sold in June.

Motorbikes are hugely popular in Southeast Asia’s biggest economy and their sales are a key indicator of consumption.

Sales in July were led by Honda Motor, Yamaha Motor and Suzuki, data showed.

Reuters