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View all search resultsGaikindo to cut car sales target even further as pandemic lingers
Gaikindo, which previously slashed its domestic car sales target by 40 percent to just 600,000 units this year as the COVID-19 pandemic forced showrooms to temporarily close, has warned it may have to cut its sales forecast even further.
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he Association of Indonesian Automotive Manufacturers (Gaikindo), which previously slashed its domestic car sales target by 40 percent to just 600,000 units this year as the COVID-19 pandemic forced showrooms to temporarily close, has warned it may have to cut its sales forecast even further.
Gaikindo’s special staff Stefanus Soetomo said on Thursday that the association would have to rethink its current target as it was made based on the assumption that the pandemic would be under control by July and that car sales would fully rebound between August and September.
“The number of infections is currently reaching a record-breaking level and we have to anticipate that by reassessing our target,” he said during an online public discussion held by Kompas, while declining to reveal the new target as the figures were still being calculated.
Despite national car sales rebounding to 37,200 units in August and 25,200 in July, the figures are still well below the association’s target of 80,000 cars in August alone, according to Stefanus.
“We believe that this prolonged pandemic will greatly impact the economy and therefore affect our sales. We’ll probably still see the pandemic’s impact on car sales next year,” he said.
Car sales crashed in May with a more than 95 percent year-on-year (yoy) drop as the coronavirus outbreak hit demand, before jumping in June to 12,623 units.
Gaikindo recorded around 323,400 cars being sold between January and August, down by more than 50 percent compared with 661,000 units sold during the same period last year.
