Indonesia car sales up 40 pct in Jan

Indonesia's domestic car sales, an indicator of consumer demand in Asia's biggest economy, reached 73,761 units in January, a 40 percent increase on the same period last year, automotive data showed on Tuesday.

Sales volumes were led by Toyota , Daihatsu , Mitsubishi , Suzuki and Honda , according to the Indonesian Automotive Association (Gaikindo) data.

Domestic car sales rose 5.3 percent month-on-month as sales volume in December 2010 was at 70,061 units.

Astra International , Indonesia's largest automotive distributor, has said it will spend up to $1.4 billion on capital expenditure this year and expects car sales volume at 800,000 units. Source: Reuters