Jakarta (VNA) – Indonesiasold 1.03 million cars in 2019, a drop of 10.8 percent year on year from 1.15million units the previous year, due to the weak demand and other factors,according to the car manufacturer association (Gaikindo).
In December only, 86,582 cars were sold, lower than the 90,798units sold in November and 87,846 vehicles in the same period of 2018. Themarket leader was still Toyota, with the sale of 333,222 units, followed byDaihatsu 177,284 units, and Mitsubishi 161,765 units.
Earlier,Gaikindo had predicted the car sales would not be achieved because of lowdemand, tight competition, and influx of new players and variants from abroad,such as Wuling, Mitsubishi Xpander, and Nissan.
Accordingto analysts, car sales still have an opportunity to enjoy a two-digit growth ifthe economy grows by around 7 percent. They expect that throughout 2020,discount wars will decrease significantly as the producers are beginning tomaintain their profit margins.
The trendof exports and imports of Indonesian motor vehicles continued to show animprovement in the past five years. In 2014, exports accounted for 51.57percent and imports 48.43 percent. The rates were 63.56 percent and 36.44percent, respectively, in 2018./.
In December only, 86,582 cars were sold, lower than the 90,798units sold in November and 87,846 vehicles in the same period of 2018. Themarket leader was still Toyota, with the sale of 333,222 units, followed byDaihatsu 177,284 units, and Mitsubishi 161,765 units.
Earlier,Gaikindo had predicted the car sales would not be achieved because of lowdemand, tight competition, and influx of new players and variants from abroad,such as Wuling, Mitsubishi Xpander, and Nissan.
Accordingto analysts, car sales still have an opportunity to enjoy a two-digit growth ifthe economy grows by around 7 percent. They expect that throughout 2020,discount wars will decrease significantly as the producers are beginning tomaintain their profit margins.
The trendof exports and imports of Indonesian motor vehicles continued to show animprovement in the past five years. In 2014, exports accounted for 51.57percent and imports 48.43 percent. The rates were 63.56 percent and 36.44percent, respectively, in 2018./.
VNA
