Car Sales Astra International Rose 9% in January-August 2017

Tira Ardianti, Head of Investor Relations at Astra International, said East Java has started to become an interesting market for the company although the Jakarta region and West Java remain the company's two most important markets.

In June and July 2017 Astra International's car sales were not too great due to the Ramadan and Idul Fitri celebrations. However, in the remainder of the year Ardianti said the company wants to maintain its market share at around 56 percent which would imply Astra needs to sell around 616,000 vehicles in full-year 2017 (based on total car sales estimates in 2017).

Earlier, the Indonesian Automotive Industry Association (Gaikindo) said it targets to see Indonesian car sales rise modestly 1.1 million in 2017.

Astra International is often called the "barometer of the Indonesian economy" as this diversified conglomerate has units in the major sectors of the economy. A rise in car sales tends to indicate improving purchasing power in Southeast Asia's largest economy.

Meanwhile, at the Gaikindo Indonesia International Auto Show (GIIAS) in Surabaya it was reported that total car sales in Indonesia reached 715,291 units up to January-August 2017, up 3.5 percent from sales in the same period one year earlier.

Rizwan Alamsyah, Gaikindo Chairman III, said East Java is now the third-biggest car market in Indonesia, accounting for 7 percent of the nation's total sales. Therefore, this province - and especially the bigger cities such as Surabaya - are expected to develop into key markets.

On Friday (22/09) shares of Astra International were down 0.64 percent to IDR 7,775 a share by 15:30 pm local Jakarta time. So far this year, the company's shares have fallen 6.04 percent.

Stock Quote Astra International - ASII:

Indonesian Car Sales (CBU):

Month	Sold Cars    2013	Sold Cars    2014	Sold Cars    2015	Sold Cars    2016	Sold Cars    2017
January	96,718	103,609	94,194	85,002	86,324
February	103,278	111,824	88,740	88,208	95,159
March	95,996	113,067	99,410	94,092	102,336
April	102,257	106,124	81,600	84,770	89,623
May	99,697	96,872	79,375	88,567	94,091
June	104,268	110,614	82,172	91,488	66,370
July	112,178	91,334	55,615	61,891	84,905
August	77,964	96,652	90,537	96,282	96,483
September	115,974	102,572	93,038	92,541
October	112,039	105,222	88,408	92,106
November	111,841	91,327	86,938	100,365
December	97,706	78,802	73,264	86,547
Total	1,229,916	1,208,019	1,013,291	1,061,859

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