Automotive News
Lastly, the weak rupiah (which had been weakening since mid-2013 amid the US taper tantrum) made imports more expensive. Given that many car components nonetheless need to be imported therefore elevating production costs for Indonesian automotive producers, value tags on cars turned costlier. However, due to fierce competitors in the home automobile market not always have producers and retailers been able to pass these prices on to end-users. The LCGC has become a extremely popular automobile in Indonesia and now contributes practically 25 % to total home car sales. Considering the nation’s per capita GDP remains to be below USD…