Indonesia - Automotive Sales volume, 2024

Flash report, December 2024

Jan 14, 2025

*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 car sales down 6.4% in December, full year 2024 down 13.9% to 865,723 units
Indonesian automobile manufacturers association (GAIKINDO) and other sources reported that Indonesian vehicle sales in December 2024 were 79,806 units, down 6.4% over the same month in 2023.
The full year 2024 sales volume was 865,723 units, down 13.9% from the previous year, exceeding the December sales target (850,000 units) set by Geikindo.
In November 2024, GAIKINDO announced that it had lowered its sales target for new vehicles from 1.1 million set at the beginning of the year to 850,000 units.
In 2024, Toyota sales decreased 14.2% to 288,982 units (33.4% market share), Daihatsu sales decreased 13.3% to 163,032 units (18.8% market share), Honda decreased 31.8% to 94,742 units (10.9% market share), Mitsubishi decreased 6.7% to 72,217 units (8.3% market share) and Suzuki decreased 17.6% to 66,809 units (7.7% market share).
Wuling's sales decreased by 6.9% to 21,923 units (2.5% market share), while BYD sold 15,429 units (1.8% market share). Chery's sales increased significantly by 124.2% to 9,191 units (1.1% market share), and MG saw a remarkable rise of 235.9% to 3,974 units (0.5% market share). Chinese manufacturers are steadily increasing their presence in the Indonesian market.
GAIKINDO hopes that car sales in Indonesia will return to normal in 2025, reaching 1 million units. This was conveyed by GAIKINDO Chairman I Jongkie Sugiarto, who said that in 2025 the industry will face the challenge of tax increases.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	Dec. 2024			Jan.-Dec. 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	26,667	33.4%	-16.8%	288,982	33.4%	-14.2%
Daihatsu	13,057	16.4%	2.0%	163,032	18.8%	-13.3%
Honda	8,392	10.5%	-0.4%	94,742	10.9%	-31.8%
Mitsubishi	6,474	8.1%	2.3%	72,217	8.3%	-6.7%
Suzuki	6,722	8.4%	-9.2%	66,809	7.7%	-17.6%
Mitsubishi Fuso	2,933	3.7%	4.8%	27,721	3.2%	-12.1%
Isuzu	2,157	2.7%	-10.1%	26,379	3.0%	-16.1%
Hino	2,634	3.3%	-8.9%	24,158	2.8%	-15.1%
Hyundai	1,833	2.3%	-37.0%	22,361	2.6%	-37.0%
Wuling	3,256	4.1%	-22.8%	21,923	2.5%	-6.9%
BYD	1,563	2.0%	-%	15,429	1.8%	-%
Chery	1,449	1.8%	403.1%	9,191	1.1%	124.2%
BMW	552	0.7%	37.3%	4,674	0.5%	7.2%
Mazda	266	0.3%	-42.7%	4,377	0.5%	-17.7%
MG	128	0.2%	36.2%	3,974	0.5%	235.9%
Mercedes Benz	386	0.5%	-42.5%	3,756	0.4%	-31.7%
Lexus	156	0.2%	-49.7%	2,584	0.3%	2.7%
UD Trucks	121	0.2%	26.0%	1,960	0.2%	8.9%
Nissan	233	0.3%	187.7%	1,377	0.2%	-16.0%
Citroen	120	0.2%	-%	1,324	0.2%	-%
Aion	84	0.1%	-%	1,240	0.1%	-%
Kia	18	0.0%	-83.2%	1,050	0.1%	-23.8%
MINI	100	0.1%	-14.5%	930	0.1%	2.2%
FAW	117	0.1%	254.5%	847	0.1%	37.3%
DFSK	17	0.0%	-90.9%	828	0.1%	-39.1%
Ford	60	0.1%	-%	817	0.1%	-%
Tank	89	0.1%	-%	692	0.1%	-%
Neta	52	0.1%	-35.8%	607	0.1%	235.4%
Subaru	46	0.1%	21.1%	563	0.1%	0.4%
Scania	59	0.1%	110.7%	436	0.1%	-38.9%
BAIC Motor	30	0.0%	-%	296	0.0%	-%
Volvo Cars	6	0.0%	-%	116	0.0%	-%
Haval	7	0.0%	-%	104	0.0%	-%
Others	22	0.0%	-68.1%	227	0.0%	-76.8%
Total	79,806	100.0%	-6.4%	865,723	100.0%	-13.9%

Source:GAIKINDO

Flash report, November 2024

Dec 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.

Indonesian sales down 11.9% to 74,347 in November
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in November 2024 were 74,347 units, down 11.9% compared to November 2023.
By automaker sales in November, Toyota was down 12.7% y/y to 26,984 units and a 36.3% market share. Daihatsu was down 26.0% to 10,030 units with a 13.5% market share. Honda was down 20.8% to 8,397 units with an 11.3% market share. Mitsubishi was down 12.7% to 6,050 units with an 8.1% market share. Suzuki was down 21.3% to 5,605 units with a 7.5% market share. BYD, a new entrant to the market in July, sold 2,842 units to keep its position at sixth place with a 3.8% market share from the eighth last month.
2024 January-November sales were down 14.7% to 784,788 units.
This situation has forced GAIKINDO to cut the national car sales target from 1.1 million units to 850 thousand units in 2024. GAIKINDO Chairman Jongkie Sugiarto said GAIKINDO is worried that the impact of tax options to increase value added tax (PPN) to 12 percent next year will further pressure the automotive industry. GAIKINDO will monitor public enthusiasm for new vehicles and the trend of increasing vehicle orders during the automotive exhibition at the end of 2024.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	Nov. 2024			Jan.-Nov. 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	26,984	36.3%	-12.7%	262,315	33.4%	-13.9%
Daihatsu	10,030	13.5%	-26.0%	149,975	19.1%	-14.4%
Honda	8,397	11.3%	-20.8%	86,350	11.0%	-33.9%
Mitsubishi	6,050	8.1%	-12.7%	65,743	8.4%	-7.5%
Suzuki	5,605	7.5%	-21.3%	60,087	7.7%	-18.4%
BYD	2,842	3.8%	-%	13,866	1.8%	-%
Wuling	2,550	3.4%	-4.5%	18,667	2.4%	-3.4%
Hino	2,530	3.4%	0.5%	21,524	2.7%	-15.8%
Mitsubishi Fuso	2,294	3.1%	-0.3%	24,788	3.2%	-13.8%
Isuzu	2,040	2.7%	-13.8%	24,222	3.1%	-16.6%
Hyundai	1,653	2.2%	-45.9%	20,528	2.6%	-37.0%
Chery	853	1.1%	310.1%	7,742	1.0%	103.1%
BMW	531	0.7%	50.9%	4,122	0.5%	4.1%
Mazda	364	0.5%	33.3%	4,111	0.5%	-15.3%
Mercedes Benz	246	0.3%	-45.1%	3,369	0.4%	-30.2%
Lexus	199	0.3%	-11.2%	2,428	0.3%	10.1%
MG	176	0.2%	77.8%	3,846	0.5%	253.2%
UD Trucks	155	0.2%	21.1%	1,839	0.2%	8.0%
Nissan	134	0.2%	24.1%	1,144	0.1%	-26.6%
Neta	133	0.2%	33.0%	652	0.1%	552.0%
Citroen	126	0.2%	-%	1,204	0.2%	-%
Ford	80	0.1%	-%	757	0.1%	-%
DFSK	79	0.1%	51.9%	811	0.1%	-30.9%
FAW	54	0.1%	22.7%	730	0.1%	25.0%
MINI	51	0.1%	-32.9%	830	0.1%	4.7%
Scania	47	0.1%	-20.3%	377	0.0%	-45.0%
Tank	37	0.0%	-%	603	0.1%	-%
Subaru	36	0.0%	89.5%	517	0.1%	-1.1%
Haval	33	0.0%	-%	97	0.0%	-%
Kia	20	0.0%	-73.7%	1,030	0.1%	-19.0%
Volvo Cars	12	0.0%	-%	110	0.0%	-%
Others	6	0.0%	-94.0%	404	0.1%	-55.7%
Total	74,347	100.0%	-11.9%	784,788	100.0%	-14.7%

Source:GAIKINDO

Flash report, October 2024

Nov 18, 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 3.9% to 77,191 in October
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in October 2024 were 77,191 units, down 3.9% compared to October 2023.
By automaker sales in October, Toyota was down 1.5% y/y to 27,030 units and a 35.0% market share. Daihatsu remained flat at 14,096 units with an 18.3% market share. Honda was down 27.7% to 8,633 units with an 11.2% market share. Suzuki was down 8.3% to 5,491 units with a 7.1% market share. Mitsubishi was down 8.8% to 5,486 units with a 7.1% market share. BYD, a new entrant to the market in July, sold 2,488 units to move up to sixth place with a 3.2% market share from the eighth last month.
2024 January-October sales were down 15.0% to 710,406 units.
The Association of Indonesian Automotive Industries (Gaikindo) has cut its domestic car sales target to only 850 thousand units in 2024. Previously, Gaikindo set a large target, targeting sales of 1.1 million units. Thus, Gaikindo cut its 2024 sales target by 23% or 250 thousand units.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	Oct. 2024			Jan.-Oct. 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	27,030	35.0%	-1.5%	235,331	33.1%	-14.1%
Daihatsu	14,096	18.3%	0.0%	139,945	19.7%	-13.4%
Honda	8,633	11.2%	-27.7%	77,953	11.0%	-35.0%
Suzuki	5,491	7.1%	-8.3%	54,482	7.7%	-18.1%
Mitsubishi	5,486	7.1%	-8.8%	59,693	8.4%	-7.0%
BYD	2,488	3.2%	-%	11,024	1.6%	-%
Mitsubishi Fuso	2,414	3.1%	11.9%	22,494	3.2%	-15.0%
Hino	2,320	3.0%	-5.3%	18,994	2.7%	-17.6%
Wuling	2,203	2.9%	1.4%	16,117	2.3%	-3.2%
Isuzu	2,106	2.7%	-16.8%	22,182	3.1%	-16.8%
Hyundai	1,711	2.2%	-43.6%	18,875	2.7%	-36.1%
Chery	699	0.9%	95.3%	6,889	1.0%	91.2%
BMW	506	0.7%	8.8%	3,591	0.5%	-0.5%
Mazda	300	0.4%	-23.1%	3,747	0.5%	-18.2%
Mercedes Benz	292	0.4%	-30.6%	3,123	0.4%	-28.7%
MG	227	0.3%	305.4%	3,670	0.5%	270.7%
UD Trucks	183	0.2%	15.8%	1,684	0.2%	6.9%
Lexus	181	0.2%	-17.0%	2,229	0.3%	12.5%
Tank	153	0.2%	-%	566	0.1%	-%
Nissan	125	0.2%	33.0%	1,010	0.1%	-30.3%
Citroen	116	0.2%	-%	1,078	0.2%	-%
Ford	72	0.1%	-%	677	0.1%	-%
FAW	61	0.1%	69.4%	676	0.1%	25.2%
BAIC Motor	60	0.1%	-%	199	0.0%	-%
DFSK	53	0.1%	-39.8%	732	0.1%	-34.7%
Kia	52	0.1%	13.0%	1,010	0.1%	-15.5%
MINI	49	0.1%	-46.2%	779	0.1%	8.6%
Subaru	40	0.1%	-4.8%	481	0.1%	-4.6%
Scania	32	0.0%	14.3%	330	0.0%	-47.4%
Others	12	0.0%	-66.7%	845	0.1%	4.2%
Total	77,191	100.0%	-3.9%	710,406	100.0%	-15.0%

Source:GAIKINDO

Flash report, September 2024

Oct 11, 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 9.1% to 72,667 in September
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in September 2024 were 72,667 units, down 9.1% compared to September 2023.
By automaker sales in September, Toyota was down 1.8% y/y to 25,454 units and a 35.0% market share. Daihatsu was down 15.5% to 12,676 units and a 17.4% market share. Honda was down 27.4% to 7,926 units and a 10.9% market share. Mitsubishi was down 6.8% to 5,824 units and an 8.0% market share. Suzuki was down 20.3% to 5,183 units and 7.1% market share. BYD, a new entrant in July, is in eighth place with 2,075 units sold.
2024 January-September sales were down 16.2% to 633,218 units.
The Association of Indonesian Automotive Industries has stated that there is a possibility that total new car sales this year will not reach 1.1 million units as projected at the beginning of the year.
"People's purchasing power has indeed dropped significantly, sales are very slow. It seems like the sales projections need to be revised," said Gaikindo Chairman I Jongkie Sugiarto.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	Sep. 2024			Jan.-Sep. 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	25,454	35.0%	-1.8%	208,301	32.9%	-15.5%
Daihatsu	12,676	17.4%	-15.5%	125,849	19.9%	-14.7%
Honda	7,926	10.9%	-27.4%	69,320	10.9%	-35.8%
Mitsubishi	5,824	8.0%	-6.8%	54,207	8.6%	-6.8%
Suzuki	5,183	7.1%	-20.3%	48,991	7.7%	-19.1%
Mitsubishi Fuso	2,341	3.2%	8.0%	20,080	3.2%	-17.4%
Hino	2,251	3.1%	-1.4%	16,674	2.6%	-19.0%
BYD	2,075	2.9%	-%	8,536	1.3%	-%
Wuling	2,004	2.8%	0.1%	13,914	2.2%	-3.9%
Isuzu	1,670	2.3%	-37.9%	20,076	3.2%	-16.8%
Hyundai	1,596	2.2%	-48.6%	17,164	2.7%	-35.2%
Chery	673	0.9%	46.3%	6,190	1.0%	90.8%
BMW	431	0.6%	-6.9%	3,085	0.5%	-1.8%
Mazda	401	0.6%	-13.4%	3,447	0.5%	-17.8%
MG	388	0.5%	151.9%	3,443	0.5%	268.6%
Mercedes Benz	338	0.5%	-18.2%	2,833	0.4%	-28.4%
Tank	178	0.2%	-%	413	0.1%	-%
Nissan	167	0.2%	47.8%	885	0.1%	-34.7%
UD Trucks	159	0.2%	-7.6%	1,501	0.2%	5.9%
Lexus	137	0.2%	-41.9%	2,048	0.3%	16.2%
Neta	123	0.2%	-%	484	0.1%	-%
Citroen	120	0.2%	-%	962	0.2%	-%
DFSK	110	0.2%	18.3%	679	0.1%	-34.3%
Kia	94	0.1%	-23.0%	958	0.2%	-16.6%
MINI	80	0.1%	-25.9%	730	0.1%	16.6%
BAIC Motor	72	0.1%	-%	140	0.0%	-%
Ford	70	0.1%	-%	605	0.1%	-%
FAW	43	0.1%	-75.8%	615	0.1%	22.0%
Subaru	40	0.1%	81.8%	441	0.1%	-4.5%
Scania	26	0.0%	-10.3%	298	0.0%	-50.3%
Others	17	0.0%	-66.7%	349	0.1%	-55.0%
Total	72,667	100.0%	-9.1%	633,218	100.0%	-16.2%

Source:GAIKINDO

Flash report, August 2024

Sep 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.

Indonesian sales down 14.2% to 76,304 in August
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in August 2024 were 76,304 units, down 14.2% compared to August 2023.
By automaker sales in August, Toyota was down 13.8% y/y to 25,989 units and a 34.1% market share. Daihatsu was down 20.9% to 13,829 units and a 18.1% market share. Honda was down 35.8% to 7,556 units and a 9.9% market share. Mitsubishi was down 11.9% to 6,254 units and an 8.2% market share. Suzuki was down 23.4% to 5,265 units and an 6.9% market share. BYD, a new entrant in July, is in sixth place with 2,940 units sold.
2024 January-August sales were down 17.1% to 560,619 units.
Automotive experts predicts that the target of 1.1 million car sales units this year set by Gaikindo will be missed. To achieve that target, it requires average sales of around 110 thousand units per month in the last four months of this year. In addition, experts predicts that car sales this year will only reach 850,950 thousand units, considering that the economic conditions are not very 'green'.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	Aug. 2024			Jan.-Aug. 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	25,989	34.1%	-13.8%	182,917	32.6%	-17.0%
Daihatsu	13,829	18.1%	-20.9%	113,173	20.2%	-14.6%
Honda	7,556	9.9%	-35.8%	61,394	11.0%	-36.8%
Mitsubishi	6,254	8.2%	-11.9%	48,383	8.6%	-6.8%
Suzuki	5,265	6.9%	-23.4%	43,808	7.8%	-18.9%
BYD	2,940	3.9%	-%	6,461	1.2%	-%
Hino	2,318	3.0%	-0.9%	14,423	2.6%	-21.2%
Mitsubishi Fuso	2,276	3.0%	-16.5%	17,739	3.2%	-19.8%
Isuzu	2,002	2.6%	-28.5%	18,406	3.3%	-14.2%
Wuling	1,866	2.4%	70.4%	11,910	2.1%	-4.6%
Hyundai	1,823	2.4%	-45.4%	15,568	2.8%	-33.5%
Chery	798	1.0%	80.1%	5,517	1.0%	98.1%
Mercedes Benz	564	0.7%	35.9%	2,495	0.4%	-29.6%
Mazda	524	0.7%	-21.4%	3,046	0.5%	-18.3%
MG	504	0.7%	215.0%	3,055	0.5%	291.7%
BMW	439	0.6%	3.3%	2,654	0.5%	-1.0%
Lexus	194	0.3%	-17.8%	1,911	0.3%	25.1%
UD Trucks	181	0.2%	33.1%	1,340	0.2%	7.6%
MINI	136	0.2%	32.0%	650	0.1%	25.5%
Nissan	132	0.2%	-30.5%	718	0.1%	-42.2%
Citroen	112	0.1%	-%	842	0.2%	-%
Neta	75	0.1%	-%	361	0.1%	-%
Subaru	74	0.1%	48.0%	401	0.1%	-8.9%
Ford	70	0.1%	-%	535	0.1%	-%
BAIC Motor	68	0.1%	-%	68	0.0%	-%
FAW	64	0.1%	93.9%	572	0.1%	75.5%
DFSK	63	0.1%	5.0%	569	0.1%	-39.5%
Kia	60	0.1%	-68.6%	864	0.2%	-15.9%
Tank	51	0.1%	-%	235	0.0%	-%
Scania	43	0.1%	-14.0%	272	0.0%	-52.3%
Volvo Cars	14	0.0%	-%	86	0.0%	-%
Others	20	0.0%	-77.8%	246	0.0%	-66.0%
Total	76,304	100.0%	-14.2%	560,619	100.0%	-17.1%

Source:GAIKINDO

Flash report, July 2024

Aug 13, 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 7.9% to 74,160 in July
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in July 2024 were 74,160 units, down 7.9% compared to July 2023.
By automaker sales in July, Toyota was down 9.7% y/y to 27,126 units and a 36.6% market share. Daihatsu was down 12.1% to 13,910 units and a 18.8% market share. Honda was down 41.2% to 6,249 units and a 8.4% market share. Mitsubishi was up 1.3% to 5,569 units and an 7.5% market share. Suzuki was down 7.4% to 5,410 units and an 7.3% market share.
2024 January-July sales were down 17.5% to 484,235 units.
"It seems that it will be revised (Car Sales Target in 2024)." "Maybe a little down from one million, not too far (Around 900 thousand 950 thousand units). That's because the trend has started to improve, but we don't have a definite number yet," Secretary General of Gaikindo to KatadataOTO Kukuh said.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	Jul. 2024			Jan.-Jul. 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	27,126	36.6%	-9.7%	156,928	32.4%	-17.5%
Daihatsu	13,910	18.8%	-12.1%	99,344	20.5%	-13.7%
Honda	6,249	8.4%	-41.2%	53,838	11.1%	-36.9%
Mitsubishi	5,569	7.5%	1.3%	42,129	8.7%	-5.9%
Suzuki	5,410	7.3%	-7.4%	38,543	8.0%	-18.3%
Isuzu	2,371	3.2%	-4.6%	16,404	3.4%	-12.0%
Hino	2,370	3.2%	22.8%	12,105	2.5%	-24.2%
Mitsubishi Fuso	2,240	3.0%	-2.7%	15,463	3.2%	-20.3%
BYD	1,925	2.6%	-%	3,521	0.7%	-%
Hyundai	1,701	2.3%	2.8%	13,745	2.8%	-31.5%
Wuling	1,526	2.1%	-7.1%	10,044	2.1%	-11.8%
Chery	780	1.1%	124.1%	4,719	1.0%	101.5%
MG	542	0.7%	406.5%	2,492	0.5%	301.9%
BMW	432	0.6%	14.9%	2,215	0.5%	-1.8%
Mazda	403	0.5%	4.1%	2,522	0.5%	-17.7%
Mercedes Benz	247	0.3%	-36.0%	1,931	0.4%	-38.3%
Lexus	184	0.2%	54.6%	1,717	0.4%	33.0%
FAW	181	0.2%	503.3%	508	0.1%	73.4%
UD Trucks	176	0.2%	15.8%	1,139	0.2%	2.7%
Kia	111	0.1%	-36.6%	804	0.2%	-3.8%
Citroen	111	0.1%	-%	730	0.2%	-%
Neta	111	0.1%	-%	286	0.1%	-%
MINI	102	0.1%	47.8%	514	0.1%	23.9%
Subaru	94	0.1%	3.3%	327	0.1%	-16.2%
Ford	70	0.1%	-%	465	0.1%	-%
Tank	69	0.1%	-%	184	0.0%	-%
Scania	47	0.1%	-39.0%	229	0.0%	-56.0%
Nissan	35	0.0%	-72.7%	586	0.1%	-44.3%
DFSK	33	0.0%	-69.4%	506	0.1%	-42.5%
Haval	21	0.0%	-%	56	0.0%	-%
Volvo Cars	11	0.0%	-%	72	0.0%	-%
Others	3	0.0%	-97.4%	169	0.0%	-73.3%
Total	74,160	100.0%	-7.9%	484,235	100.0%	-17.5%

Source:GAIKINDO

Flash report, June 2024

Jul 11, 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 11.8% to 72,936 in June
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in June 2024 were 72,936 units, down 11.8% compared to June 2023.
By automaker sales in June, Toyota was up 2.7% y/y to 25,464 units and a 34.9% market share. Daihatsu was down 17.4% to 14,967 units and a 20.5% market share. Honda was down 34.1% to 7,618 units and a 10.4% market share. Mitsubishi was up 17.6% to 6,470 units and an 8.9% market share. Suzuki was down 41.5% to 4,584 units and an 6.3% market share.
2024 January-June sales were down 19.4% to 408,012 units.
Gaikindo Secretary General Kukuh Kumara assessed that the slowdown in the national automotive industry began to be felt since the Fed began raising its benchmark interest rate in the third quarter of 2023. Since then, Bank Indonesia has also started to raise its benchmark interest rate to the current level of 6.25%. In addition, the 2024 General Election and the unstable purchasing power of some people have also had an impact on national car sales during this year.
However, Gaikindo is confident that the national automotive market will recover in the near future. The 2024 Gaikindo Indonesia International Auto Show (GIIAS) exhibition is believed to boost national car sales, especially in the early second semester of 2024.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	Jun. 2024			Jan.-Jun. 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	25,464	34.9%	2.7%	129,802	31.8%	-19.0%
Daihatsu	14,967	20.5%	-17.4%	85,434	20.9%	-13.9%
Honda	7,618	10.4%	-34.1%	47,589	11.7%	-36.3%
Mitsubishi	6,470	8.9%	17.6%	36,560	9.0%	-7.0%
Suzuki	4,584	6.3%	-41.5%	33,133	8.1%	-19.8%
Isuzu	3,073	4.2%	3.2%	14,033	3.4%	-13.1%
Mitsubishi Fuso	2,230	3.1%	6.1%	13,223	3.2%	-22.7%
Hino	2,030	2.8%	-18.7%	9,735	2.4%	-30.7%
Hyundai	1,908	2.6%	-29.6%	12,044	3.0%	-34.6%
Wuling	964	1.3%	-41.6%	8,518	2.1%	-12.6%
Chery	848	1.2%	68.9%	3,939	1.0%	97.5%
MG	468	0.6%	766.7%	1,950	0.5%	280.1%
BMW	399	0.5%	28.7%	1,783	0.4%	-5.1%
Mazda	331	0.5%	-39.8%	2,107	0.5%	-21.3%
Mercedes Benz	310	0.4%	-40.7%	1684	0.4%	-38.6%
Citroen	286	0.4%	-%	619	0.2%	-%
UD Trucks	216	0.3%	44.0%	963	0.2%	0.6%
Lexus	188	0.3%	-30.6%	1,533	0.4%	30.8%
Kia	109	0.1%	45.3%	693	0.2%	4.8%
MINI	95	0.1%	120.9%	412	0.1%	19.1%
Neta	93	0.1%	-%	175	0.0%	-%
FAW	55	0.1%	83.3%	327	0.1%	24.3%
Nissan	53	0.1%	-54.3%	551	0.1%	-40.4%
DFSK	51	0.1%	-37.8%	473	0.1%	-38.7%
Subaru	41	0.1%	-51.8%	233	0.1%	-22.1%
Tank	32	0.0%	-%	115	0.0%	-%
Scania	23	0.0%	-69.3%	182	0.0%	-58.9%
SERES	14	0.0%	-%	74	0.0%	-%
Others	16	0.0%	-61.9%	128	0.0%	-75.3%
Total	72,936	100.0%	-11.8%	408,012	100.0%	-19.4%

Source:GAIKINDO

Flash report, May 2024

Jun 14, 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 13.3% to 71,263 in May
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in May 2024 were 71,263 units, down 13.3% compared to May 2023.
By automaker sales in May, Toyota was down 16.7% y/y to 23,482 units and a 33.0% market share. Daihatsu was down 6.4% to 14,983 units and a 21.0% market share. Honda was down 34.6% to 7,294 units and a 10.2% market share. Mitsubishi was up 22.0% to 6,976 units and an 9.8% market share. Suzuki was down 9.6% to 5,762 units and an 8.1% market share.
2024 January-May sales were down 21.0% to 334,969 units.
Chairman of Gaikindo Jongkie Sugiarto said that the decline in car sales was in line with low demand from consumers. Bank Indonesia's benchmark interest rate is also still at a high level, namely 6.25%. This is considered to affect motor vehicle financing credit interest rates. Nevertheless, Gaikindo hopes that car sales can recover soon. "The projection for 2024 (sales target) is still 1.1 million units, but adjustments can be made at any time," said Jongkie in his statement.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	May 2024			Jan.-May 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	23,482	33.0%	-16.7%	104,338	31.1%	-23.0%
Daihatsu	14,983	21.0%	-6.4%	70,467	21.0%	-13.1%
Honda	7,294	10.2%	-34.6%	39,971	11.9%	-36.7%
Mitsubishi	6,976	9.8%	22.0%	30,091	9.0%	-10.9%
Suzuki	5,762	8.1%	-9.6%	28,549	8.5%	-14.7%
Mitsubishi Fuso	2,411	3.4%	25.7%	10,993	3.3%	-26.7%
Isuzu	2,265	3.2%	4.4%	10,960	3.3%	-16.8%
Hino	1,848	2.6%	-27.6%	7,705	2.3%	-33.2%
Hyundai	1,408	2.0%	-53.5%	10,136	3.0%	-35.4%
Chery	968	1.4%	82.3%	3,091	0.9%	107.2%
Wuling	909	1.3%	-57.1%	7,554	2.3%	-6.6%
MG	438	0.6%	553.7%	1,482	0.4%	222.9%
Lexus	415	0.6%	18.6%	1,345	0.4%	49.3%
BMW	400	0.6%	-3.6%	1,384	0.4%	-11.8%
Mazda	381	0.5%	37.1%	1,776	0.5%	-16.5%
Mercedes Benz	332	0.5%	-12.4%	1376	0.4%	-38.0%
Citroen	197	0.3%	-%	333	0.1%	-%
FAW	175	0.2%	548.1%	272	0.1%	16.7%
UD Trucks	169	0.2%	15.8%	747	0.2%	-7.4%
Kia	107	0.2%	-35.2%	584	0.2%	-0.3%
DFSK	87	0.1%	-32.6%	422	0.1%	-38.8%
Nissan	62	0.1%	-59.2%	498	0.1%	-38.4%
MINI	61	0.1%	-32.2%	317	0.1%	4.6%
Subaru	52	0.1%	-3.7%	192	0.1%	-10.3%
Scania	45	0.1%	-47.1%	159	0.0%	-56.8%
SERES	16	0.0%	-%	60	0.0%	-%
Neta	13	0.0%	-%	82	0.0%	-%
Others	7	0.0%	-92.2%	85	0.0%	-82.2%
Total	71,263	100.0%	-13.3%	334,969	100.0%	-21.0%

Source:GAIKINDO

Flash report, April 2024

May 15, 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 17.5% to 48,637 in April
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in April 2024 were 48,637 units, down 17.5% compared to April 2023.
Sales were affected by the low number of operating days at factories and dealers in April, which coincided with the Islamic festival of Lebaran, the end of the fasting season.
By automaker sales in April, Toyota was down 29.4% y/y to 15,201 units and a 31.3% market share. Daihatsu was down 12.0% to 9,481 units and a 19.5% market share. Suzuki was up 6.8% to 4,986 units and a 10.3% market share. Honda was down 6.9% to 4,611 units and an 9.5% market share. Mitsubishi was down 34.7% to 4,006 units and an 8.2% market share.
2024 January-April sales were down 22.8% to 263,706 units.

Indonesia new vehicle sales by make (Wholesales)

Maker/Brand	Apr. 2024			Jan.-Apr. 2024
	units	Share	Y-o-Y	units	Share	Y-o-Y
Toyota	15,201	31.3%	-29.4%	80,856	30.7%	-24.6%
Daihatsu	9,481	19.5%	-12.0%	55,484	21.0%	-14.8%
Suzuki	4,986	10.3%	6.8%	22,787	8.6%	-15.9%
Honda	4,611	9.5%	-6.9%	32,677	12.4%	-37.1%
Mitsubishi	4,006	8.2%	-34.7%	23,115	8.8%	-17.6%
Mitsubishi Fuso	1,987	4.1%	31.0%	8,582	3.3%	-34.4%
Isuzu	1,849	3.8%	-8.7%	8,695	3.3%	-21.0%
Hyundai	1,485	3.1%	-33.7%	8,728	3.3%	-31.1%
Hino	1,319	2.7%	8.6%	5,857	2.2%	-34.8%
Wuling	1,188	2.4%	1.5%	6,645	2.5%	11.3%
Chery	590	1.2%	14.6%	2,123	0.8%	120.9%
Mazda	391	0.8%	-26.9%	1,395	0.5%	-24.5%
MG	359	0.7%	519.0%	1,044	0.4%	166.3%
Lexus	247	0.5%	-17.7%	930	0.4%	68.8%
BMW	223	0.5%	-40.5%	984	0.4%	-14.7%
Mercedes Benz	200	0.4%	-39.9%	1044	0.4%	-43.3%
UD Trucks	126	0.3%	65.8%	578	0.2%	-12.6%
Kia	94	0.2%	-16.8%	477	0.2%	13.3%
Nissan	82	0.2%	-48.8%	436	0.2%	-33.6%
MINI	58	0.1%	45.0%	256	0.1%	20.2%
DFSK	44	0.1%	-32.3%	335	0.1%	-40.3%
Subaru	28	0.1%	-22.2%	140	0.1%	-12.5%
Scania	27	0.1%	-62.0%	114	0.0%	-59.7%
FAW	23	0.0%	27.8%	97	0.0%	-52.9%
Citroen	15	0.0%	-%	136	0.1%	-%
Others	17	0.0%	-74.2%	191	0.1%	-50.6%
Total	48,637	100.0%	-17.5%	263,706	100.0%	-22.8%

Source:GAIKINDO

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.

Indonesian sales down 26.2% in March
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%

Source:GAIKINDO

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.

Indonesian sales down 18.8% in February
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%

Source:GAIKINDO

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.

Indonesia new vehicle sales by make (Wholesales)

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%

Source:GAIKINDO