June 16, 2020, 06.08 PM

Despite the hardship that Astra International has faced amid the coronavirus pandemic, it remains positive the industry will slowly get back on its feet.

Read also: Airlines and Hotels in Indonesia Need 2 Years to Recover Post Pandemic

“I believe that every goal has a silver lining so even in the midst of everything that’s going on, an opportunity will arise. We remain optimistic,” said Djony.

Automotive industry takes massive hit in May

The Association of Indonesia Automotive Industries (Gaikindo) said car sales continued to weaken in May 2020.

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.

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