Most Indonesian Consumers Plan to Buy Cars Starting April 2021

Transportation & Logistics

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Dimas Jarot Bayu 20/01/2021 17:23 WIB

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64% of Indonesian consumers planned to buy a car between April and September 2021.

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Most Indonesian Consumers Plan to Buy Cars Starting April 2021

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Consumer's Planned Car Purchase Time

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A survey conducted by Carsome, a car buying and selling platform, shows that 64% of Indonesian consumers plan to buy a car in the next 7-12 months. Based on the survey's execution timeframe, this plan will be realized between April and September 2021.

Confidence in improved purchasing power is the main factor driving most consumers' plans to buy a car between April and September 2021. Furthermore, the majority of Indonesian consumers feel they will have sufficient funds to purchase a car within that timeframe.

Meanwhile, 21% of Indonesian consumers plan to buy a car in the next 4-6 months. Based on the survey's execution timeframe, this plan will be realized between January and March 2021.

15% of respondents stated they would buy a car within 1-3 months after the survey. Therefore, their plans to buy a car were realized between October and December 2020.

For information, Carsome surveyed 1,005 respondents in Indonesia in October 2020. The survey was conducted through an online panel sourced from several research institutions.

Editor : Muhammad Ahsan Ridhoi

"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."