The Indonesian new vehicle market deteriorated further in April 2019 as sales plunged by over 17.8% to 84,029 units from 102,258 units a year earlier, according to wholesale data compiled by industry association Gaikindo.
This followed a weak first quarter, when sales fell by 13%, reflecting sluggish economic growth amid weaker investment and private consumption growth and declining exports. Uncertainty ahead of last month's presidential and parliamentary elections also contributed to the market weakness.
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Vehicle sales in the first four months of the year were down 14.3% to 337,892 units from 394,422 units in the same period of last year, driven lower by a more than 13% drop in passenger vehicle sales to 260,516 units and an 18% fall in commercial vehicle sales to 77,376 units.
Toyota sold 106,690 vehicles in the first four months of the year, down 6.3% year on year, while Daihatsu sales fell by 5.2% to 66,825 units; Mitsubishi Motors' reached 43,412 units (-19.5%); Honda 40,476 units (-24.0%); and Suzuki 30,546 units (-25.2%).
