0% PPnBM Incentive Boosts Domestic Car Sales in March 2021

Transportation & Logistics

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Dwi Hadya Jayani 15/04/2021 11:00 WIB

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Domestic car sales in March 2021 reached 84,910 units, a 72.6% increase compared to the previous month's 49,202 units. This figure also represents a 10.54% increase compared to March 2020.

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0% PPnBM Incentive Boosts Domestic Car Sales in March 2021

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Domestic Car Sales

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The Indonesian Automotive Industry Association (Gaikindo) recorded domestic car sales of 84,910 units in March 2021. This figure surged 72.6% compared to the previous month, which was 49,202 units.

Furthermore, domestic car sales in March 2021 increased by 10.54% compared to the same period the previous year, which was 76,811 units. Total sales from January to March 2021 amounted to 187,021 units.

The surge in sales was driven by the incentive policy of the Sales Tax on Luxury Goods (PPnBM) for new cars with engine capacities of 1,500 cc and below, effective March 1, 2021. The PPnBM incentive also applied to vehicles with engines of 1,501 cc to 2,500 cc at the beginning of April 2021.

Editor : Dimas Jarot Bayu

"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."