Indonesia - Automotive Sales volume, 2024
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Flash report, Automotive sales volume, 2024
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Flash report, March 2024
Apr 12, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in March 2024 were 74,724 units, down 26.2% compared to March 2023.
By automaker sales in March, Toyota was down 28.3% y/y to 21,142 units and a 28.3% market share. Daihatsu was down 16.8% to 16,552 units and a 22.2% market share. Honda was down 37.3% to 10,572 units and a 14.1% market share. Suzuki was down 20.9% to 6,670 units and an 8.9% market share. Mitsubishi was down 12.8% to 6,153 units and a 8.2% market share.
2024 January-March sales were down 23.9% to 215,069 units.
As of the end of February, Gaikindo has set its Indonesian sales target of 1.1 million units in 2024 can be achieved.
Indonesia new vehicle sales by make (Wholesales)
| Maker/Brand | Mar. 2024 | Jan.-Mar. 2024 |
||||
|---|---|---|---|---|---|---|
| units | Share | Y-o-Y | units | Share | Y-o-Y | |
| Toyota | 21,142 | 28.3% | -28.3% | 65,655 | 30.5% | -23.5% |
| Daihatsu | 16,552 | 22.2% | -16.8% | 46,003 | 21.4% | -15.3% |
| Honda | 10,572 | 14.1% | -37.3% | 28,066 | 13.0% | -40.3% |
| Suzuki | 6,670 | 8.9% | -20.9% | 17,801 | 8.3% | -20.7% |
| Mitsubishi | 6,153 | 8.2% | -12.8% | 19,109 | 8.9% | -12.9% |
| Mitsubishi Fuso | 2,311 | 3.1% | -42.7% | 6,595 | 3.1% | -43.0% |
| Isuzu | 2,251 | 3.0% | -23.3% | 6,846 | 3.2% | -23.8% |
| Wuling | 2,080 | 2.8% | -30.7% | 5,457 | 2.5% | 13.6% |
| Hyundai | 1,812 | 2.4% | -45.8% | 7,243 | 3.4% | -30.6% |
| Hino | 1,651 | 2.2% | -47.3% | 4,538 | 2.1% | -41.6% |
| Chery | 803 | 1.1% | 213.7% | 1,533 | 0.7% | 243.7% |
| Mazda | 479 | 0.6% | 2.4% | 1,004 | 0.5% | -23.5% |
| Mercedes Benz | 413 | 0.6% | -32.1% | 844 | 0.4% | -44.1% |
| Lexus | 353 | 0.5% | 106.4% | 683 | 0.3% | 172.1% |
| MG | 340 | 0.5% | 178.7% | 685 | 0.3% | 105.1% |
| BMW | 320 | 0.4% | -3.0% | 761 | 0.4% | -2.3% |
| Kia | 178 | 0.2% | -8.7% | 383 | 0.2% | 24.4% |
| Nissan | 147 | 0.2% | -21.8% | 354 | 0.2% | -28.8% |
| UD Trucks | 137 | 0.2% | -27.5% | 452 | 0.2% | -22.7% |
| MINI | 85 | 0.1% | -17.5% | 198 | 0.1% | 14.5% |
| DFSK | 79 | 0.1% | -31.3% | 291 | 0.1% | -41.3% |
| Citroen | 50 | 0.1% | -% | 121 | 0.1% | -% |
| Scania | 42 | 0.1% | -40.0% | 87 | 0.0% | -59.0% |
| Subaru | 40 | 0.1% | -14.9% | 112 | 0.1% | -9.7% |
| FAW | 27 | 0.0% | -83.3% | 74 | 0.0% | -60.6% |
| VW | 12 | 0.0% | -64.7% | 34 | 0.0% | -67.0% |
| Others | 25 | 0.0% | -51.9% | 140 | 0.1% | -35.8% |
| Total | 74,724 | 100.0% | -26.2% | 215,069 | 100.0% | -23.9% |
Flash report, February 2024
Mar 19, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in February 2024 were 70,657 units, down 18.8%% compared to February 2023.
By automaker sales in February, Toyota was down 13.9% y/y to 23,525 units and a 33.3% market share. Daihatsu was down 7.2% to 15,088 units and a 21.4% market share. Honda was down 36.8% to 9,081 units and a 12.9% market share. Mitsubishi was down 13.5% to 5,994 units and an 8.5% market share. Suzuki was down 32.7% to 4,993 units and a 7.1% market share.
2024 January-February sales were down 22.6% to 140,274 units.
Chairman of Gaikindo Jongkie Sugiharto said that car sales in the first two months of this year decreased on an annual basis. This is partly because in January-February many consumers were still waiting for the election results. They held back spending because they were careful to anticipate elements of uncertainty that might arise because of the election.
Despite sluggish sales in January-February 2024, Jongkie is optimistic that national car sales will increase again in March 2024 and beyond.
Indonesia new vehicle sales by make (Wholesales)
| Maker/Brand | Feb. 2024 | Jan.-Feb. 2024 |
||||
|---|---|---|---|---|---|---|
| units | Share | Y-o-Y | units | Share | Y-o-Y | |
| Toyota | 23,525 | 33.3% | -13.9% | 44,513 | 31.7% | -20.9% |
| Daihatsu | 15,088 | 21.4% | -7.2% | 29,451 | 21.0% | -14.5% |
| Honda | 9,081 | 12.9% | -36.8% | 17,494 | 12.5% | -42.0% |
| Mitsubishi | 5,994 | 8.5% | -13.5% | 12,956 | 9.2% | -12.9% |
| Suzuki | 4,993 | 7.1% | -32.7% | 11,131 | 7.9% | -20.5% |
| Hyundai | 2,428 | 3.4% | -19.7% | 5,431 | 3.9% | -23.4% |
| Mitsubishi Fuso | 2,250 | 3.2% | -31.0% | 4,284 | 3.1% | -43.1% |
| Isuzu | 2,245 | 3.2% | -17.1% | 4,595 | 3.3% | -24.0% |
| Hino | 1,483 | 2.1% | -32.6% | 2,887 | 2.1% | -37.8% |
| Wuling | 1,200 | 1.7% | -1.3% | 3,377 | 2.4% | 87.4% |
| Chery | 431 | 0.6% | 281.4% | 730 | 0.5% | 284.2% |
| Mazda | 302 | 0.4% | -28.1% | 525 | 0.4% | -37.9% |
| Mercedes Benz | 265 | 0.4% | -48.2% | 431 | 0.3% | -52.2% |
| MG | 228 | 0.3% | 51.0% | 345 | 0.2% | 62.7% |
| BMW | 218 | 0.3% | -12.1% | 441 | 0.3% | -1.8% |
| Lexus | 207 | 0.3% | 283.3% | 330 | 0.2% | 312.5% |
| UD Trucks | 167 | 0.2% | -9.2% | 315 | 0.2% | -20.5% |
| Nissan | 131 | 0.2% | -22.5% | 207 | 0.1% | -33.0% |
| DFSK | 128 | 0.2% | 24.3% | 212 | 0.2% | -44.4% |
| Kia | 100 | 0.1% | 5.3% | 205 | 0.1% | 81.4% |
| MINI | 75 | 0.1% | 167.9% | 113 | 0.1% | 61.4% |
| Subaru | 31 | 0.0% | -29.5% | 72 | 0.1% | -6.5% |
| Neta | 20 | 0.0% | -% | 59 | 0.0% | -% |
| FAW | 19 | 0.0% | -17.4% | 47 | 0.0% | 80.8% |
| Scania | 19 | 0.0% | -75.9% | 45 | 0.0% | -68.3% |
| VW | 15 | 0.0% | -70.0% | 22 | 0.0% | -68.1% |
| Others | 14 | 0.0% | -74.5% | 56 | 0.0% | -66.3% |
| Total | 70,657 | 100.0% | -18.8% | 140,274 | 100.0% | -22.6% |
Flash report, January 2024
Feb 20, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Indonesian sales down 26.1% in January
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in January 2024 were 69,619 units, down 26.1% compared to January 2023.
By automaker sales in January, Toyota was down 27.6% y/y to 20,988 units and a 30.1% market share. Daihatsu was down 21.1% to 14,363 units and a 20.6% market share. Honda was down 46.7% to 8,413 units and a 12.1% market share. Mitsubishi was down 12.4% to 6,962 units and an 10.0% market share. Suzuki was down 6.8% to 6,138 units and a 8.8% market share.
Chairman of Gaikindo Jongkie Sugiarto said that the decline in car sales in Indonesia last month was caused by the effects of national economic growth which was also experiencing a slowdown. The benchmark interest rate and inflation that are still high have also made some consumers choose to hold back or postpone purchasing a new car in early 2024.
Reflecting on this, Gaikindo is confident that the national car sales target of 1.1 million units in 2024 can be achieved.
| Maker/Brand | Jan. 2024 | ||
|---|---|---|---|
| units | Share | Y-o-Y | |
| Toyota | 20,988 | 30.1% | -27.6% |
| Daihatsu | 14,363 | 20.6% | -21.1% |
| Honda | 8,413 | 12.1% | -46.7% |
| Mitsubishi | 6,962 | 10.0% | -12.4% |
| Suzuki | 6,138 | 8.8% | -6.8% |
| Hyundai | 3,003 | 4.3% | -26.2% |
| Isuzu | 2,350 | 3.4% | -29.6% |
| Wuling | 2,177 | 3.1% | 271.5% |
| Mitsubishi Fuso | 2,034 | 2.9% | -52.3% |
| Hino | 1,404 | 2.0% | -42.4% |
| Chery | 299 | 0.4% | 288.3% |
| Mazda | 223 | 0.3% | -47.5% |
| BMW | 223 | 0.3% | 10.9% |
| Mercedes Benz | 168 | 0.2% | -56.8% |
| UD Trucks | 148 | 0.2% | -30.2% |
| Lexus | 123 | 0.2% | 373.1% |
| MG | 117 | 0.2% | 91.8% |
| Kia | 105 | 0.2% | 483.3% |
| DFSK | 84 | 0.1% | -69.8% |
| Nissan | 76 | 0.1% | -45.7% |
| Subaru | 41 | 0.1% | 24.2% |
| Neta | 39 | 0.1% | -% |
| MINI | 38 | 0.1% | -9.5% |
| FAW | 28 | 0.0% | 833.3% |
| SERES | 27 | 0.0% | -% |
| Scania | 26 | 0.0% | -58.7% |
| Peugeot | 12 | 0.0% | -20.0% |
| Others | 10 | 0.0% | -91.3% |
| Total | 69,619 | 100.0% | -26.1% |