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Indonesia Car Sales Rise 62.4% Year-on-Year
October 11, 2011

Indonesia’s domestic car sales, an indicator of consumer consumption in Southeast Asia’s biggest economy, rose 62.4 percent in September from a year ago, as bank lending rates remained low, industry data showed on Tuesday. (Reuters Photo) Indonesia’s domestic car sales, an indicator of consumer consumption in Southeast Asia’s biggest economy, rose 62.4 percent in September from a year ago, as bank lending rates remained low, industry data showed on Tuesday. (Reuters Photo)
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DrDez
3:31pm Oct 11, 2011

A perfect example of how to misuse statistics...


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Indonesia’s domestic car sales, an indicator of consumer consumption in Southeast Asia’s biggest economy, rose 62.4 percent in September from a year ago, as bank lending rates remained low, industry data showed on Tuesday.

Domestic car sales volumes reached 79,835 units from 49,147 units in September last year, when sales were the lowest in 2010.

Sales were led by Toyota, Daihatsu and Mitsubishi, according to data from Indonesia’s Automotive Manufacturers Association (Gaikindo).

The association is optimistic that sales in 2011 will surpass an industry target to reach more than 870,000 units.

Reuters