Mandiri Sekuritas Automotive sector: reported car and motorcycle sales for Aug10

According to Bisnis Indonesia, car sales in August decreased by 10% MoM from 72,090 units in Jul10 to 64,757 units in Aug10, bringing its 8M10 car sales to grow by 69% yoy. The decline was due to limited number of production from car manufacturers, thus piling up the number of pre-order cars. Toyota was still the leader with 22,638 units of car sales or representing 34.9% of total car sales Separately, it is also reported that motorcycle sales volume increased by 5% MoM in Aug10 from 699,411 units in Jul10 to 731,921 units in Aug10, bringing 8M10 motorcycle sales to 5,030,654 units (+35% YoY).