Automotive Sector: Bright Future for Car Sales in Indonesia?

BMI Research predicts that Indonesian households with an annual income of between USD $10,000 and $25,000 will form 38.4 percent of Indonesia's total population in 2021, from 23.2 percent at start 2017. Those households that earn an annual USD $5,000 - $10,000 will form 23.2 percent of the total Indonesian population by 2021, down significantly from 41.4 percent in 2017. The above-mentioned figures imply that, generally, Indonesians' purchasing power will strengthen considerably over the next couple of years amid expectation of accelerating economic growth. This should then translate into rising car sales in Southeast Asia's largest economy where per capita car ownership is still very low.

Besides economic growth and the expanding middle class, other factors that are considered to boost car sales in Indonesia in the next couple of years are rising investment in infrastructure development (including various toll roads) as well as the stable rupiah exchange rate. These findings originate from a survey that was conducted by Frost and Sullivan at the start of 2017.

Vivek Vaidya, Vice President of the Mobility Practice at Frost and Sullivan, also said the successful tax amnesty program of Indonesia, which runs until 31 March 2017, strengthens Indonesia's automotive sector and added that by 2020 Indonesia's middle class is estimated to number 150 million.

Read more: Analysis of Indonesia's Automotive Industry

Although the low cost green car and multipurpose vehicle are the best sellers in Indonesia, the sport utility vehicle is gaining popularity rapidly and may actually replace the multipurpose vehicle as Indonesia's most popular vehicle.

Indonesian Car Sales (CBU):

Month	Sold Cars       2012	Sold Cars       2013	Sold Cars       2014	Sold Cars       2015	Sold Cars       2016
January	76,427	96,718	103,609	94,194	85,002
February	86,486	103,278	111,824	88,740	88,208
March	87,917	95,996	113,067	99,410	94,092
April	87,144	102,257	106,124	81,600	84,770
May	95,541	99,697	96,872	79,375	88,567
June	101,746	104,268	110,614	82,172	91,488
July	102,511	112,178	91,334	55,615	61,891
August	76,445	77,964	96,652	90,537	96,282
September	102,100	115,974	102,572	93,038	92,541
October	106,754	112,039	105,222	88,408	92,106
November	103,703	111,841	91,327	86,938	100,215
December	89,456	97,706	78,802	73,264	86,573
Total	1,116,230	1,229,916	1,208,019	1,013,291	1,061,735

 

	2009	2010	2011	2012	2013	2014	2015	2016
Car Sales (car units)	486,061	764,710	894,164	1,116,230	1,229,916	1,208,019	1,013,291	1,061,735
Car Exports (car units)	56,669	85,769	107,932	173,368	170,907	202,273	207,691

^{Source: Gaikindo}

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