Dow Jones Car manufacturer PT Toyota-Astra Motor

JAKARTA (Dow Jones)--Car manufacturer PT Toyota-Astra Motor Wednesday said its new car sales in January fell 1.1% on year to 13,551 units from 13,712 in the same month a year earlier.

TAM didn't say what drove the decline, but analysts attributed it to the high interest rate environment and weaker people's purchasing power.
TAM, a joint venture between Toyota Motor (7203.TO) and car distributor PT Astra International (ASII.JK) - Indonesia's largest automotive company by assets and sales - said it had a 39.7% domestic market share in January, up from 32.3% in January last year.
Domestic car sales in January in Indonesia fell 20% to 34,167 units from 42,489 units a year earlier, TAM said, without citing a source for the data.
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-By Edhi Pranasidhi; Dow Jones Newswires; 62