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Jumat, 19 Agustus 2011

Automotive: July11 official domestic car and motorcycle wholesale reach all-time high - Mandiri

􀂄 Domestic car wholesale reached all-time high in July11 at 89,056 units (+23.5%yoy, +26.9%mom). Astra International also booked all-time high car sales volume in July11 at 47,500 units (+14.4%yoy, +19.2%mom). Astra market share in car wholesale normalize at 53.3% in July11 from 56.8% in June11, mainly due to Honda’s car wholesale has recovered in July11 after drop in June11. We expect car wholesale keep strong in August11 due to car wholesale usually high before Muslim festive and the availability of low leasing rate.
􀂄 Domestic motorcycle reached all-time high in July11 at 737,809 units (+5.5%yoy, +12.0%mom). Meanwhile, Astra’s motorcycle wholesale in July11 only increased slightly by 0.4% mom. Therefore, Astra market share in Motorcycle wholesale dropped to 49.2% in July11 from 54.9% in June11. We expect motorcycle wholesale keep strong in August11 due to motorcycle wholesale usually high before Muslim festive and the availability of low leasing rate.

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