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Jakarta Post

Gaikindo expects car sales to remain low next year

  • Mardika Parama

    Jakarta

Jakarta   /   Sat, November 21 2020   /  01:00 am
Fast lane: Cars pass Jl. HR Rasuna Said in South Jakarta on Wednesday, where concrete columns stand as part of the LRT project.(JP/Dhoni Setiawan)

The Association of Indonesian Automotive Manufacturers (Gaikindo) has forecast that domestic car sales will remain at a pre-pandemic level next year, as an economic rebound is expected to take time with COVID-19 still impacting the auto industry. Gaikindo projects domestic car sales in 2021 to hit 800,000, lower than last year’s wholesale sales of 1.03 million cars. “We believe it will take around two years for the economy to return to a pre-pandemic level. Therefore, we project that domestic sales will only reach 800,000 units by 2021,” Gaikindo chairperson Yohannes Nangoi said on Wednesday during a webinar held by BNI Asset Management. The forecast came as the association slashed this year’s domestic car sales forecast for the second time to 525,000, from the previous 600,000 cars. The revision was also made following October’s underwhelming ca...