Thailand is currently the largest car market in Southeast Asia but it is expected that Indonesia will soon overtake them. Lower interest rates coupled with more people able to afford cars will lead to a boost in the Indonesian market.
Car sales in Indonesia fell 40% last year because of high interest rates intended to curb inflation and higher gasoline prices. Things have changed in Indonesia that will foster sales. The Association of Indonesian Automotive Industries say that new car sales have risen 32% in the first half of 2007.
Toyota expects to increase the number of dealerships in Indonesia.
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