Domestic Car Sales Surge in December 2024, Reaching Highest Point of the Year

Transportation & Logistics

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Nabilah Muhamad 13/01/2025 12:10 WIB

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According to Gaikindo data, wholesale domestic car sales reached 79,806 units in December 2024, the highest since the beginning of last year.

Monthly Wholesale Car Sales Volume in Indonesia (January 2023-December 2024)

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Monthly Wholesale Car Sales Volume in Indonesia (January 2023-December 2024)

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According to data from the Indonesian Automotive Industry Association (Gaikindo), the volume of wholesale car sales from factories to dealers in the domestic market in December 2024 reached 79,806 units.

This achievement is the highest record since the beginning of 2024. However, compared to December 2023, the volume decreased by 12.23% (year-on-year).

Cumulatively, wholesale car sales in Indonesia from January to December 2024 reached 865,723 units.

This figure also decreased by 13.9% compared to January-December 2023 (cumulative-to-cumulative), which recorded sales of around 1 million units.

"The automotive sector is contracting again, caused by a significant political agenda," said Gaikindo Chairman Yohannes Nangoi, as reported by KatadataOto, Monday (13/1/2025).

He also mentioned that high interest rates on credit at the beginning of 2024 also negatively impacted sales. This is because most sales are conducted through financing companies.

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."