Astra International: Indonesia's Automotive Industry Poised to Recover

Gaikindo’s data released on June 16 indicates that sales in May nosedived 82 percent year on year, with retail sales reaching only 17,083 units.

Sales realization for wholesale decreased 95 percent in May reaching sales of only 3,551 units from the previous 84,109 units sold.

The Eid ul-Fitr holiday did little to salvage the freefall of the automotive industry’s weak sales performance in Indonesia.

In the lead-up to Indonesia’s biggest holiday celebration, the country’s automotive industry would see sales increase by 40 percent.

Domestic sales between January and May 2020 decreased 41 percent to 248,310 units sold compared to 422,497 units sold in the same period last year.

Similarly, car retail sales weakened by 40 percent going from 434,466 units sold in 2019 to 260,716 cars sold during the first half of 2020.

Gaikindo Chairman Yohannes Nangoi had predicted the drop in car sales for the April-June 2020 period with nationwide adjustments to daily life being enforced including the implementation of PSBB. 

(Writer: Ruly Kurniawan | Editor: Azwar Ferdian, Agung Kurniawan)

Source: https://otomotif.kompas.com/read/2020/06/16/160237015/new-normal-bisnis-otomotif-diprediksi-mulai-membaik

https://otomotif.kompas.com/read/2020/06/16/074200215/penjualan-mobil-makin-parah-di-mei-2020-imbas-pandemi