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Car sales plunge further in another bad start to the year
Despite a sluggish start to the year, an industry association targets a modest increase in sales to 900,000 new cars for 2025.
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Land to sea: Motorists wait to board a car ferry at Merak Port in Cilegon, Banten, on Jan. 2, 2025. (Antara/Angga Budhiyanto)
Automobile sales remain sluggish at the start of 2025 with a double-digit annual decline logged in January.
According to the Indonesian Automotive Manufacturers Association (Gaikindo), the wholesale figure, or sales from factories to dealers, declined 11.3 percent year-on-year (yoy) to 61,843 vehicles nationwide, which is down from the 69,758 units sold in January 2024.
Retail sales, or direct purchases by consumers, slumped even further, plunging 18.6 percent yoy to 63,858 units from 78,437 in January 2024.
Gaikindo chairman Jongkie Sugiarto said on Sunday that industry players were hoping the country’s economy would grow in line with the government’s target to lift the waning sales figure.
“In 2024, economic growth was around 5 percent, but the government is aiming for 8 percent. That’s what we’re all hoping for,” Jongkie said, as quoted by Bisnis.com.
“We all need to work hard, all stakeholders. Investment must come in, economic growth must pick up, and everything else must follow. That’s part of our plan,” he added, calling for greater investment to help lift demand.
Read also: Car sales plunge 14 percent in 2024 as EVs gain ground
