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Jakarta Post

As domestic auto sales slump, manufacturers cut target to 1 million cars

  • Made Anthony Iswara
    Made Anthony Iswara

    The Jakarta Post

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Jakarta   /   Thu, September 19, 2019   /  06:10 pm
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Industry Minister Airlangga Hartarto (yellow shirt) and executives of PT. Nissan Motor Indonesia pose for a photograph next to a Nissan Leaf electric car during the opening of the 27th Gaikindo Indonesia International Auto Show in ICE BSD, Tangerang, Banten, on July 18.(JP/Rachmadea Aisyah)

Dark clouds are still on the horizon for the automotive industry as it fails to rebound in August after a poor performance in the first half of the year. Domestic car sales dropped 11.54 percent to 90,403 units in August from 102,197 in the same month last year, according data from the Association of Indonesian Automotive Manufacturers (Gaikindo) compiled by Astra International. Sales from January to August totaled 660,288 units, down 13.5 percent from 763,444 cars sold in the same period last year. Almost all carmakers suffered a drop in sales, but Astra International, which holds the distribution and manufacturing rights of Toyota, Daihatsu, Isuzu and Peugeot, continues to dominate domestic car sales with a 52 percent market share. Toyota reported sales of 29,123 cars in August, down about 6 percent from 31,268 units in the same month last year. Honda's sales fell about...