double-skinned crabsVietnamese crab exportergood crabexellent crab

Gaikindo Anticipates 1 Million Car Sales in 2023, Eyes 10 Pct Growth in 2024

Nabiel Gibran El Rizani
January 4, 2024 | 3:19 pm
SHARE
A model stands next to a Mitsubishi Xforce during the opening day of the GAIKINDO Indonesia International Auto Show (GIIAS) in Tangerang, Banten, Thursday, Aug. 10, 2023. (Antara photo)
A model stands next to a Mitsubishi Xforce during the opening day of the GAIKINDO Indonesia International Auto Show (GIIAS) in Tangerang, Banten, Thursday, Aug. 10, 2023. (Antara photo)

Jakarta. The Association of Indonesian Automotive Industries (Gaikindo) is anticipating car sales to reach 1 million units in 2023, a figure similar to the previous year, followed by a 10 percent growth expected this year.

"While all the data has not yet been collected, we are quite confident that we can surpass 1 million units," Kukuh Kumara, the Secretary-General of Gaikindo, said as quoted by Antara on Wednesday. 

According to Gaikindo's data, factory-to-dealer sales from January to November totaled 920,758 units, experiencing a slight decrease of about 2.3 percent compared to the previous year. For retail sales from dealers to consumers, Gaikindo recorded approximately 908,343 units, with a marginal decline of 0.1 percent compared to the previous year.

Gaikindo remains optimistic about achieving its target of 1.1 million units this year. The association sees the presence of new brands as a positive boost to reaching this figure amid uncertainties in the market.

ADVERTISEMENT

Gaikindo believes that the upcoming general elections in 2024 will not hurt the national automotive and export industry.

"When it comes to elections, Gaikindo's data has never shown negative results. Instead, it tends to rise because many people need vehicles for operational purposes and other reasons. So, don't associate elections with having a detrimental impact on our industry," he said.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


Business Aug 10, 2026 | 11:47 am

Indonesia Reconsiders Hybrid Car Incentives as Sales Surge 45%

Hybrid sales jumped 45% in H1 2026, but the government says strong demand weakens the case for more incentives.
Business Jul 30, 2026 | 7:41 pm

Indonesia Expects Auto Sales to Top 850,000 Units in 2026 as Market Recovers

Indonesia expects auto sales to top 850,000 units in 2026 as production and wholesale deliveries rebound, signaling a recovery in domestic d
Tech Jul 14, 2026 | 11:59 am

Indonesia's Auto Industry Says Diesel Vehicles Ready for B50

Indonesia's automakers say B50 biodiesel is safe for diesel vehicles as the government targets a nationwide rollout by Oct. 1.
Business Jun 16, 2026 | 2:27 pm

Chinese Car Sales Jump 72% in Indonesia Amid EV Boom

Chinese automakers posted a 72% sales jump in Indonesia, driven by strong demand for electric vehicles.
Business May 12, 2026 | 12:07 pm

Stronger Car Sales in Indonesia Not a Sign of Middle-Class Recovery

Indonesia auto sales rose 12% in early 2026, but recovery in middle-class consumption remains uneven, says Permata Bank.
Business May 11, 2026 | 9:58 pm

Indonesia Car Sales Jump 12% as EV Demand Accelerates

Indonesia’s car sales climbed 12% in early 2026 as EV demand surged, helping Chinese brands gain ground against Astra.

The Latest


Special Updates 1 hours ago

Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development

Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
Special Updates 2 hours ago

AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026

AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Business 3 hours ago

Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996

Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
News 4 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 5 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED