New vehicle sales in Indonesia fell by over 20% to 88,738 units in February, from 111,765 units in the same month of last year, according to data gathered by industry association Gaikindo.

Sales in the first two months of the year fell by 15% to 182,933 units, from 215,262 units a year earlier. This reflected a slowdown in economic growth over the last year, after Bank Indonesia hiked its benchmark interest rate to 7.5% in the second half of 2013.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

All segments of the market are struggling including the new, low cost green car segment which propped up the market for most of last year.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now