JAKARTA — Multifinance financing to car increased in May following hike in car sales by 55.84%.
PT BCA Finance booked IDR2.2 trillion new finance (booking) in May 2012, said President Director Roni Haslim, rose 37.5% than IDR1.6 trillion on the same period last year.
The hike in BCA’ new and used cars financing was drove by higher demand and contribution from its units.
However, he claimed, car sales last month is not related Financial Minister Decree No. 43/PMK.010/2012 on minimum 20% advance payment for a motorcycle vehicle and 25% for cars, effective June 15.
Indonesian Motor Vehicle Industry Association (Gaikindo) data shows car sales in May 2012 arrived at 95.143 units or the highest since January, compared to May 2011 at 61,053 units. Car sales at domestic market in the first five months rose 24.56% to 4332,887 from 347,518 units in 2011. (T05/msw)