Frost & Sullivan Research Institute estimates that total sales of automobiles or more in Indonesia and Singapore will only grow by 4.3 percent or increased slightly to 797,258 units in 2011. This is supported by the launch of several new vehicle models, the growth of the commercial vehicle segment, and a stable economic situation. Asia Pacific Vice President, Automotive & Transportation Practice Frost & Sullivan Vivek Vaidya said that the Indonesian and Singapore youth population will drive significant growth in vehicle sales in the long term.
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