automotive

Gaikindo Expresses Confidence That New Vehicle Sales Will Rise In The First Quarter Of 2025

The Indonesian Automotive Industry Association (Gaikindo) has expressed optimism regarding an increase in new vehicle sales in the first quarter of 2025, despite the ongoing instability in both global and domestic economic conditions. 

"Even though we are facing a deficit and consumer purchasing power remains challenging, several positive indicators provide renewed hope for this industry," stated Gaikindo's Secretary General, Kukuh Kumara, in Jakarta on Monday. 

Kukuh noted that the motor vehicle sales sector in Indonesia is displaying encouraging signs of optimism. 

In February 2025, Gaikindo reported a significant rise in new vehicle sales. While January 2025 saw sales of approximately 61,000 units, February experienced a surge to over 70,000 units. 

Additionally, Indonesia's vehicle exports have shown positive results, with a 10 percent increase compared to January 2025 and an improvement relative to the same period in 2024. 

He highlighted that one of the key factors contributing to this optimism is the scheduling of Eid al-Fitr, which falls at the end of March and the beginning of April 2025.  

According to him, this timing benefits the motor vehicle sector, as the relatively long working days in March provide consumers with the opportunity to make purchases before the extended holiday. 

"This situation acts as a blessing in disguise. The number of working days cut in March is relatively few, allowing consumers with purchasing power to still shop," he remarked. 

Furthermore, the ongoing vehicle tax incentives, which remain in effect until April 2025, are also encouraging consumers to make purchases.  

These incentives are expected to invigorate the automotive market, which is still striving to recover from the decline in purchasing power experienced since last year. 

Tag: Gaikindo Indonesian Automotive Industry Association Kukuh Kumara