Motorcycle Sales Plunged 8 Percent in 2016

Transportation & Logistics

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11/01/2017 18:32 WIB

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National Motorcycle Sales Volume 2010-2016

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National Motorcycle Sales Volume 2010-2016

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In 2016, national motorcycle sales volume totaled 5.93 million units. This figure represents an 8.4 percent decline compared to 2015 sales, which reached 6.4 million units. This achievement also fell short of the Indonesian Motorcycle Industry Association (AISI) target of 6 million motorcycle units for 2016.

The decrease in motorcycle sales was due to weakening consumer purchasing power. A sluggish domestic economy, impacted by the global economic slowdown and the fall in prices of Indonesia's key commodities such as palm oil, rubber, and mining products, reduced consumer purchasing power. Furthermore, the increased production of Low Cost Green Cars (LCGCs) also contributed to consumers switching from motorcycles.

"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."