In July 2013 light passenger vehicles market in Indonesia posted the new all-time sales record with a double digit increase from last year and advancing as best market in the ASEAN region, overtaking Thailand.
In June, the light passenger vehicles market in Indonesia grew only 1.5%, confirming a reduced speed in its growing race, started four years ago. First half 2013 rose 12.8% at all-time record. Toyota dominated the market with Avanza market leader.
Following the record sales posted in the 2012, Indonesian car market continued to advance in first quarter 2013, when sales were up 19.1% from last year, projecting again a new record. Toyota and Daihatsu kept the half of total sales.
In October, the Indonesian car market rose 36% year-on-year posting the 9th increase in a row. Year-to-date sales were up 22.8% from last year. In October Indonesia outpaced Mexico as 15th world’s car market.
The Indonesian car industry momentum continued in July with 90.405 units sold, up 18.6% from last year. The year-to-date sales in July were 551.000, up 26.1% from last year. Now the full year 2012 is projected at the new all-time record.
Indonesia car industry confirmed in March the positive trend, with 75.763 registrations, up 8.8 on last year. However the new Government eco-policy and plan to reduce excessive borrowing risk having a severe effect over next months consumer demand. The first quarter 2012 closed with 213.167 light passenger vehicles sold, up 10.4 on last year.
The circulating car park was only 20 million units at the end of 2009, with a person/car ratio of 12.66 still very low (in developed markets this index is at 1.5/2.0) projecting the market with a potential growth for next 20 years, as the pro capita income will growth.