Automotive Industry Spotlight
The central bank of Indonesia determined to revise the down cost requirements for the acquisition of a automobile in an attempt to boost credit score growth . Per 18 June 2015, those Indonesian customers who use a mortgage from a monetary institution to buy a passenger car must pay a minimum down fee of 25 % . It is estimated that around 65 percent of all automotive purchases in Indonesia are made via a loan. Jongkie Sugiarto, Chairman of the Indonesian Automotive Industry Association , stated the region east of Jakarta is selected by many car producers for their production …