According to wholesale data compiled by Gaikindo, the Indonesian automobile industry association, new car sales in Indonesia fell 14.2% to 76,304 units in August this year from 88,876 units in the same month last year, foreign media reported.
In terms of car brands, in August this year, in the Indonesian market, Toyota’s sales fell 13.8 percent year-on-year to 25,989 units, with a market share of 34.1 percent; its subsidiary Daihatsu Motor’s sales declined 20.9 percent year-on-year to 13,829 units, with a market share of 18.1 percent; and Honda’s sales fell 35.8 percent year-on-year to 7,556 units, with a market share of 9.9 percent; Mitsubishi Motors’ sales fell 11.9 percent year-on-year to 6,254 units, with a market share of 8.2 percent; Suzuki Motors’ sales fell 23.4 percent year-on-year to 5,265 units, with a market share of 6.9 percent; and BYD, which had just entered the Indonesian market in June, was ranked sixth in August with sales of 2,940 units.
After a strong rebound from the trough of the epidemic, sales in Indonesia’s auto market have now been in steady decline for more than a year. Domestic consumer sentiment in Indonesia has weakened sharply this year as purchasing power continues to fall, with consumers increasingly reluctant to buy commodities. Indonesia’s central bank has raised its benchmark interest rate to 6.25 percent from a low of 3.5 percent two years ago to curb inflation and boost the rupiah.
In the first eight months of this year, cumulative vehicle sales in Indonesia fell 17.1 percent to 560,619 units from 675,287 units in the same period last year. Of these, passenger car sales fell 16 percent year-on-year to 435,823 units, while commercial vehicle sales also declined 21 percent year-on-year to 124,796 units. During the same period, Indonesia’s total vehicle production fell 18 percent year-on-year to 779,235 units, while vehicle exports dropped 11 percent year-on-year to 298,691 units.
In terms of car brands, in the first eight months of the year, in the Indonesian market, Toyota’s cumulative sales fell 17 percent year-on-year to 182,917 units; its subsidiary Daihatsu Motor’s deliveries were down 15 percent year-on-year to 113,173 units; Honda’s sales plummeted 37 percent year-on-year to 61,394 units; Mitsubishi Motors’ sales were down a slight 7 percent year-on-year to 48,383 units; and Suzuki Motor’s sales fell 19 percent year-on-year to 43,808 units.
In terms of pure electric vehicle (EV) sales, total EV sales in Indonesia almost tripled to 23,330 units in the first eight months of the year, most of which were models from Chinese brands. BYD has delivered a total of 6,461 pure electric vehicles since it opened sales in Indonesia in June. The Wuling Bengo pure-electric compact car, with a starting price of Rp 317 million (about $20,550), has delivered a total of 3,876 units in Indonesia in the first eight months of this year. During the same period, Wuling Auto also sold 1,655 units of Wuling Air pure electric minivans in Indonesia. Chery Automobile delivered 3,485 Omoda E5s in Indonesia in the first eight months.