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Jakarta Post

Indonesia's used car market booms amid slump in new car sales

  • News Desk

    The Jakarta Post

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Jakarta   /   Mon, August 19, 2019   /  01:37 pm
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A model poses with the Glory 560 of Chinese carmaker DFSK during its July launch at the Indonesia International Motor Show 2019 at the JIExpo Kemayoran in Central Jakarta. Data from the Association of Indonesian Automotive Manufacturers (Gaikindo) shows that new car sales fell 11 percent in the first half of 2019.(The Jakarta Post/Dhoni Setiawan)

Amid the decline in the sales of new cars in Indonesia, the used car market is flourishing as more people turn to the more affordable option of secondhand cars to meet their transportation needs. Many consumers are choosing to buy used cars not just because they are cheaper, but because 3- to 7-year-old vehicles are still in relatively good condition, say used car dealers. The trend has led to growth in the country's used car market. Johnny Widodo, the CEO of BeliMobilGue.co.id, a consumer-to-business (C2B) online marketplace for used cars aptly named "buy my car", said sales of secondhand cars increased significantly  almost every year. Annual used car sales was usually triple that of new car sales, which was about 1 million cars a year, said Johnny. “Monthly sales of used cars can re...