Indonesian Motorcycle Sales Expected to Remain Weak in 2015

Amid Indonesia’s economic slowdown, the country’s motorcycle sales are most likely to decline in 2015. In the first eight months of 2015 a total of 4,218,089 motorcycles were sold in Southeast Asia’s largest economy, down 21.1 percent (year-on-year) from the same period last year. However, there is one positive fact regarding Indonesia’s motorcycle sales. In August 2015, a total of 622,089 motorcycle units were sold, the highest monthly sales figure since October 2014 and the first monthly growth after seven straight months of decline.

However, Sigit Kumala, Chairman of the Indonesian Motorcycle Industry Association (AISI), remains pessimistic. Initially, the AISI expected Indonesian motorcycle sales to reach about 8 million units in 2015 but this target seems out of reach.

In Indonesia, where motorcycles are a hugely popular means of transportation, sales are led by Honda Motor Co Ltd, Yamaha Motor Co Ltd, and Kawasaki. Similar to car sales, motorcycle sales provide important information about the people’s purchasing power and consumer confidence.

Last June, the central bank of Indonesia (Bank Indonesia) eased regulations regarding minimum down payment requirements for motorcycle, car and house loans in an effort to boost these industries. The new minimum down payment for cars and motorcycles (purchased through credit) was set at 25 percent and 20 percent, respectively (from 30 and 25 percent, respectively, previously). However, these revised regulations seem to have had limited impact.

Indonesian Motorcycle Sales:

 Month Sold M'cycles 2012 Sold M'cycles 2013 Sold M'cyles 2014 Sold M'cycles 2015
 January          645,863          646,082          579,361          502,783
 February          666,136          649,434          679,086          556,091
 March          619,678          665,334          725,629          546,169
 April          617,508          658,673          727,790          524,775
 May          611,251          644,668          739,601          469,630
 June          541,918          659,504          750,829          574,714
 July          579,077          702,423          534,490          421,838
 August          429,236          488,983          609,198          622,089
 September          620,499          675,902          706,938
 October          626,901          714,264          675,652
 November          621,224          687,329          582,331
 December          485,166          551,283          556,380
 Total         7,064,457
         7,743,879
        7,867,195         4,218,089

Sources: AISI & Astra International

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