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Gaikindo

Car sales may still lag in 2025 despite tax incentive on hybrid vehicles
Regulations 1 year ago

PREMIUM
Car sales may still lag in 2025 despite tax incentive on hybrid vehicles

The incentives, announced on Monday, will partially waive luxury sales tax (PPnBM) for hybrid car purchases by 3 percentage points to a range of 3 to 9 percent from the initial 6 to 12 percent.
Govt signals tax incentives for all car purchases
Regulations 1 year ago

PREMIUM
Govt signals tax incentives for all car purchases

The Industry Ministry has hinted at possibly expanding exemptions from the luxury sales tax and VAT to non-EVs in a bid to bolster the lagging car industry, though the announcement was short on details about the potential incentive.
Gaikindo lowers bar for car sales after sluggish September
Economy 1 year ago

PREMIUM
Gaikindo lowers bar for car sales after sluggish September

The Association of Indonesian Automotive Manufacturers (Gaikindo) has lowered its target for 2024 car sales after disappointing numbers for four-wheelers so far this year. 
Domestic car production slumps by 11 percent in September
Economy 1 year ago

PREMIUM
Domestic car production slumps by 11 percent in September

Automobile production has declined, in part because of the weakening purchasing power of Indonesian customers.
Auto financing falls 15% in July due to slump in new car sales
Markets 1 year ago

PREMIUM
Auto financing falls 15% in July due to slump in new car sales

Data from industry association Gaikindo show that 484,236 new cars were sold from factories to dealers in the first seven months of 2024, which is down 17.5 percent from the same period last year.
Come visit Pertamina's booth at GIIAS 2024
Front Row 1 year ago

Come visit Pertamina's booth at GIIAS 2024

Pertamina has opened a booth at the 2024 GAIKINDO Indonesia International Auto Show (GIIAS), which is ongoing at the Indonesia Convention Exhibition (ICE) BSD in Tangerang.
Govt mulls reviving COVID-era tax incentives to boost car sales
Regulations 1 year ago

PREMIUM
Govt mulls reviving COVID-era tax incentives to boost car sales

The government is considering a suspension of the luxury goods tax on car purchases to aid the flagging automotive market.
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 consider purchasing used cars.
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 year
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 loans, ahead of financing for new motorcycles, new cars and commercial vehicles.
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