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Gaikindo

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 for the rest of the year due to the central bank interest rate hike in April.
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 industry sees signs of a possible rebound in March's wholesale and retail figures.
Car sales continue to decline in February
Markets 2 years 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 exhibition held in Jakarta last month.
Indonesia eyes 20 percent increase in car exports amid decline in local sales
Markets 2 years 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 last year.
Car sales plummet 26 percent year-on-year in January
Markets 2 years ago

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

The Indonesian Automotive Manufacturers Association (Gaikindo) has attributed the decline to weakening economic sentiment.
Used cars, two-wheelers buoy automotive market
Markets 2 years 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, which continue to gain popularity in the country.
Indonesian car industry sees sales fall 4% in 2023
Companies 2 years 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 sales last year, Gaikindo said.
MG to start manufacturing EVs at Rp 4t plant in W. Java in February
Companies 2 years ago

PREMIUM
MG to start manufacturing EVs at Rp 4t plant in W. Java in February

Currently, all MG cars sold in Indonesia are completely built-up (CBU) vehicles from the firm’s manufacturing plants in Thailand and China.
National car sales lag last year’s record: Gaikindo
Markets 2 years ago

PREMIUM
National car sales lag last year’s record: Gaikindo

The latest data from Gaikindo reveal that this year’s national car sales remain significantly behind the 2022 record, reaching 836,049 as of October.
Jakarta car culture is choking us to death and we’re all fine about it
Academia 2 years ago

PREMIUM
Jakarta car culture is choking us to death and we’re all fine about it

For the majority of white-collar workers in Jakarta, spending at least four hours per day inside their cars, traveling at a maximum speed of 20 kilometers per hour is still the best way to commute, as it can provide them with shelter from the city’s punishing heat and the polluted air of their own making.
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