Car Sales Indonesia in 2016 May Achieve Gaikindo's Target
Indonesia's car sales rose 3.7 percent year-on-year (y/y) to 974,972 vehicles in the first 11 months of 2016, improving from 940,027 sold vehicles in the same period one year ago. Jongkie Sugiarto, Chairman of the Indonesian Automotive Industry Association (Gaikindo), said this year's rising car sales in Indonesia are primarily supported by the launch of various new vehicles. He added Gaikindo's 2016 car sales target of 1.05 million could still be achieved, provided December's car sales will be more than 75,000 units.
If Gaikindo's full-year car sales target of 1.05 million units in 2016 is achieved, then it would imply a five percent (y/y) growth from car sales in 2015. This modest growth is the result of the modestly improving economic growth and purchasing power this year. Amid bleak purchasing power car manufacturers decided to launch various new car models with a relatively cheap price tag (below IDR 250 million).
Read more: Analysis of Indonesia's Automotive Industry
Based on the latest data from Gaikindo, Toyota remains the clear market leader in Indonesia in terms of car sales. In the January-November 2016 period, a total of 349,707 Toyota units were sold on the Indonesian market, about 36 percent of total sales, followed by Honda (19.0 percent), Daihatsu (17.8 percent), and Mitsubishi (9.2 percent).
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 | 85,003 |
| February | 86,486 | 103,278 | 111,824 | 88,740 | 88,208 |
| March | 87,917 | 95,996 | 113,067 | 99,410 | 94,093 |
| 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 | 91,498 |
| July | 102,511 | 112,178 | 91,334 | 55,615 | 61,893 |
| August | 76,445 | 77,964 | 96,652 | 90,537 | 96,291 |
| September | 102,100 | 115,974 | 102,572 | 93,038 | 93,156 |
| October | 106,754 | 112,039 | 105,222 | 88,408 | 91,846 |
| November | 103,703 | 111,841 | 91,327 | 86,938 | ±99,650 |
| December | 89,456 | 97,706 | 78,802 | 73,264 | |
| Total | 1,116,230 |
1,229,916 |
1,208,019 | 1,013,291 |
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
| Car Sales (car units) |
607,805 | 486,061 | 764,710 | 894,164 | 1,116,230 |
1,229,916 | 1,208,019 | 1,013,291 |
| Car Exports (car units) |
100,982 | 56,669 | 85,769 | 107,932 | 173,368 | 170,907 | 202,273 | 207,691 |
Source: Gaikindo