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Gaikindo

Carmakers to revise targets as first half sales disappoint
Economy 1 year ago

PREMIUM
Carmakers to revise targets as first half sales disappoint

Many middle-income earners are opting to delay buying new cars to prioritize other needs, while some...
Electric vehicles buck downtrend in Indonesian car sales
Markets 1 year ago

PREMIUM
Electric vehicles buck downtrend in Indonesian car sales

Electric vehicle (EV) sales grew by over 109 percent year-on-year in the first five months of this y...
Booming used car market buoys auto loan business
Economy 1 year ago

PREMIUM
Booming used car market buoys auto loan business

In the first four months of this year, used car financing was the fastest-growing segment in auto lo...
Declining car sales put pressure on leasing firms: Fitch
Economy 1 year ago

PREMIUM
Declining car sales put pressure on leasing firms: Fitch

The credit rating agency suggested that new car purchases are unlikely to accelerate significantly f...
Domestic car sales plunge 24 percent yoy in first quarter
Markets 1 year ago

PREMIUM
Domestic car sales plunge 24 percent yoy in first quarter

The domestic car market remains in the doldrums with a strong year-on-year (yoy) decline, but the in...
Car sales continue to decline in February
Markets 1 year ago

PREMIUM
Car sales continue to decline in February

Domestic car sales were down 18.8 percent year-on-year in February despite a prominent car exhibitio...
Indonesia eyes 20 percent increase in car exports amid decline in local sales
Markets 1 year ago

PREMIUM
Indonesia eyes 20 percent increase in car exports amid decline in local sales

The Industry Ministry hopes to ship 600,000 units from Indonesia this year, 100,000 units more than ...
Car sales plummet 26 percent year-on-year in January
Markets 1 year ago

PREMIUM
Car sales plummet 26 percent year-on-year in January

The Indonesian Automotive Manufacturers Association (Gaikindo) has attributed the decline to weakeni...
Used cars, two-wheelers buoy automotive market
Markets 1 year ago

PREMIUM
Used cars, two-wheelers buoy automotive market

Analysts project new car sales to bounce back this year, along with the rise of electric vehicles, w...
Indonesian car industry sees sales fall 4% in 2023
Companies 1 year ago

PREMIUM
Indonesian car industry sees sales fall 4% in 2023

Weaker economic growth and the central bank's rate hike contributed to a general downturn in car...
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