Domestic Car Sales Drop 2.27% in November 2022

Transportation & Logistics

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Cindy Mutia Annur 19/12/2022 10:40 WIB

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Gaikindo reported that domestic wholesale sales of automobiles (factory to dealer) reached 91,086 units in November 2022. This figure represents a 2.27% decrease from the previous month.

Wholesale Sales Volume of Domestic Passenger Cars (November 2021-November 2022)

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Wholesale Sales Volume of Domestic Passenger Cars (November 2021-November 2022)

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The Indonesian Automotive Industry Association (Gaikindo) reported that domestic wholesale car sales reached 91,086 units in November 2022. This figure represents a 2.27% decrease compared to the previous month (month-to-month/mtm), which totaled 93,197 units.

However, domestic car sales in November 2022 increased by 4.17% compared to the same period last year (year-on-year/yoy). In November 2021, domestic car sales were recorded at 87,437 units.

The decline in domestic wholesale car sales last month was due to the expiration of the government-borne luxury goods sales tax incentive (PPnBM-DTP). Consumers have been subject to a 3% tax since October 2022.

Domestic wholesale car sales reached 942,499 units from January to November 2022. This figure shows a 19.22% growth compared to the same period a year earlier, which was 790,529 units.

This figure is also close to Gaikindo's sales target for this year of 960,000 units. Meanwhile, the national car sales target for next year, 2023, has been set at 975,000 units, a slight increase from this year's target.

Editor : Annissa Mutia

"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."

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