FX.co ★ Indonesia's Car Sales Show Improvement in July, Still in Negative Territory

Jakarta, August 8, 2024 — Indonesia's car sales have shown a significant improvement in July 2024, although they remain in negative territory year-over-year. According to the latest data released on August 8, the car sales indicator for July 2024 has settled at -7.90%, a notable rise from the -11.80% recorded in the previous period.

This current data marks a year-over-year comparison, indicating the percentage change in July 2024 car sales compared to July 2023. The previous indicator measured the change in June 2024 sales relative to June 2023.

While the figures still point to a decline, the upward movement suggests a potential recovery trend for Indonesia's automotive market.