Indonesia's new vehicle market continued to decline sharply in November 2020, by 41% to 53,844 units from already weak year-earlier sales of 91,240 units according to member wholesale data compiled by industry association Gaikindo.

Indonesia is one of the countries in the region worst affected by the global COVID-19 pandemic, with domestic consumption, investment and exports having weakened significantly due to weak demand. GDP declined by 3.5% in the third quarter, as social and business restrictions continued to be applied in many parts of the country, after shrinking by 5.3% in the second quarter.

The vehicle market in the first eleven months of 2020 was down by almost 50% at 474,910 units compared with 940,362 units in the same period of last year, after sales fell by over 59% in the third quarter and by almost 90% in the second quarter.

Sales of passenger vehicles were down by almost 52% at 348,541 units year-to-date, while sales of trucks and buses dropped by over 42% at 126,369 units.

Toyota reported a more than 53% year-on-year decline in wholesale volumes to 142,569 units in the eleven-month period; followed by Daihatsu with a49% drop to 84,243 units; Honda 65,868 units (-47%); Suzuki 58,262 units (-35%); and Mitsubishi Motors 59,942 (-45%).

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

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