Domestic Car Sales Plunge 10% in September 2023

Cindy Mutia Annur 16/10/2023 10:34 WIB

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Gaikindo's report shows that domestic wholesale sales of automobiles in September 2023 reached 79,883 units. This figure represents a 10.12% decrease compared to the previous month (MoM).

Monthly Wholesale Sales Volume of Domestic Passenger Cars (September 2022-September 2023)

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Monthly Wholesale Sales Volume of Domestic Passenger Cars (September 2022-September 2023)

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Indonesia's Automotive Industry Association (Gaikindo) report shows that September 2023 domestic wholesale car sales totaled 79,883 units.

This figure represents a 10.12% decrease compared to the previous month (month-on-month/MoM). August 2023 saw domestic sales of 88,878 four-wheeled vehicles.

Year-on-year (YoY), Indonesia's September 2023 wholesale car sales plummeted by 20.10% compared to September 2022, which recorded 99,986 units.

Cumulatively, January-September 2023 domestic wholesale car sales reached 755,173 units. This is a 0.4% decrease compared to the January-September 2022 period (cumulative-to-cumulative/CTC), which totaled 758,217 units.

Gaikindo Secretary General Kukuh Kumara stated that this decline in domestic car sales is unusual. However, at present, they cannot definitively conclude the contributing factors.

"But one strong suspicion is that it's due to global conditions, with rising inflation in the United States. It seems people are seeking dollars," said Kukuh, as reported by Kompas.com on Sunday, October 15, 2023.

Despite this, Japanese automaker Toyota maintains its top position in wholesale sales in Indonesia, with 25,298 units, representing approximately 32.45% of total wholesale car sales in September 2023.

Daihatsu follows with 15,009 wholesale units, followed by Honda with 10,911 units, and Suzuki with 6,502 units.

Editor : Erlina Fury Santika

"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."