Avanza and Veloz Car Sales Show Strong Growth in January-May 2022

Viva Budy Kusnandar 11/07/2022 11:20 WIB

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When accumulated throughout the January-May 2022 period, Avanza/Veloz car sales surged 61.8% compared to the same period the previous year (year-on-year/YoY).

Avanza and Veloz Car Sales (January 2020-May 2022)

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Avanza and Veloz Car Sales (January 2020-May 2022)

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Based on data from the Indonesian Automotive Industry Association (Gaikindo), sales of Avanza and Veloz cars plummeted 72.4% to only 2,730 units in May 2022 compared to the previous month (month-to-month/m-to-m).

However, cumulatively from January to May 2022, Avanza/Veloz sales surged 61.8% compared to the same period the previous year (year-on-year/yoy).

Overall, national wholesale car sales also fell 40.33% (m-to-m) to only 49,450 units in May 2022, compared to 82,880 units the previous month. The long holiday for Eid al-Fitr 2022 caused a decline in domestic automotive sales.

However, cumulatively from January to May 2022, car sales in Indonesia recorded growth of 0.68% (yoy) reaching 396,150 units.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."