• During April 2010, total domestic car sales volume reached 64,200 units, 85.5% YoY higher from 34,604 units in April 2009. However the figure is a slight 2.0% MoM lower from 65,523 units in March 2010. We view the decrease is relatively normal considering car sales volume reached its all time record high in March 2010.
• Astra International (ASII, Rp43,450, Buy) still holds the largest market share where its Toyota brand booked 24,381 unit sales or 38.0% of the total domestic car sales last month. The figure is 101.0% YoY higher from 12,125 units in April 2009 and 7.3% MoM lower from 26,287 units in March 2010 of 26,287 units, which was Toyota all time record high in sales volume.
• Further details on April car sales is not provided yet, however, it is likely Astra
International still managed to hold its position in domestic car sales.
• Overall, the April figures showed that recovery in domestic automotive market is still continuing and strengthens optimism that total car sales volume will post a new record high this year.
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