New vehicle sales in Indonesia continued to fall in March 2019, by over 11% to 90,189 units from 101,674 units a year earlier, according to wholesale data compiled by industry association Gaikindo.
That followed weak sales in the previous two months, resulting in a 13% drop in first quarter sales to 253,863 units from 291,920 in the same period of last year.
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Sales of passenger vehicles fell by 13% to 192,368 units in the first quarter from 221,146 units a year earlier, while commercial vehicle sales were 13.1% lower at 61,495 units from 70,774 units.
With economic growth estimated at just over 5% year on year in the first quarter, similar to previous quarters, some of the recent vehicle market weakness can be attributed to uncertainty ahead of the presidential and parliamentary elections that were held in April.
Toyota sold a total of 77,266 vehicles in the first quarter, down by 8.6% year on year, while Daihatsu's sales fell by 1.8% to 50,699 units; Mitsubishi Motors sold 35,580 (-13.9%); Honda 28,845 (-20.4%); and Suzuki 22,869 (-29.3%).
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