The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in February 2023 were 86,954 units, up 7.4% compared to February 2022.
2023 January - February sales were up 9.6% to 181,077 units.
By automaker sales in February, Toyota was up 9.9% y/y to 27,336 units and a 31.4% market share. Daihatsu was up 8.2% to 16,263 units and a 18.7% market share. Honda was up 26.0% to 14,375 units and a 16.5% market share. Suzuki was up 10.0% to 7,422 units and an 8.5% market share. Mitsubishi was down 30.8% to 6,929 units and an 8.0% market share.
Gaikindo General Secretary Kukuh Kumara said the performance was a sign that the automotive market in Indonesia was getting better, triggered by growing economic conditions.He said, ahead of the 2023 Ramadhan-Lebaran period, car sales are likely to increase.
To take advantage of the growth momentum in public automotive spending ahead of Ramadhan-Lebaran 2023, Kukuh stated, industry players are holding the Gaikindo Jakarta Auto Week. This exhibition will be held at the Jakarta Convention Center on 10-19 March 2023.
(multiple sources on March 8, 2023)