good crabVietnamese crab exporter

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:
SHARE

Related Articles


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.
Business Feb 20, 2026 | 6:43 pm

Lawmakers, Industry Question Indonesia’s Rp 25 Trillion Car Import Plan

Indonesia’s plan to import Rp 25 trillion in vehicles from India is drawing criticism from industry and lawmakers over jobs and capacity.
Business Feb 6, 2026 | 8:49 pm

Indonesia Sounds Alarm as Malaysia Overtakes It in Car Sales

Indonesia has warned its dominance of ASEAN’s auto market is under threat, as sales slide at home and Malaysia posts aggressive growth.
Business Jan 30, 2026 | 8:32 pm

Indonesia Auto Industry Targets 850,000 Car Sales in 2026

Indonesia’s auto industry targets 850,000 car sales in 2026, seeking a rebound after sales fell more than 7% last year.
Business Jan 17, 2026 | 1:02 pm

Analysts Doubt Indonesia Can Reach 2 Million Annual Car Sales by 2030

The market would need to expand by nearly 19% annually for five consecutive years to reach the government’s goal.

The Latest


Lifestyle 7 hours ago

Whoosh Serves 573,780 Passengers During School Holiday Surge

Whoosh serves 573,780 passengers during school holidays as daily ridership jumps 26.5% on strong Jakarta-Bandung travel demand.
Business 8 hours ago

JCI Climbs to 6,041 on Cooling US Inflation, Tax Policy Relief

JCI closed at 6,041 as softer US inflation and the government's no-tax-hike pledge lifted investor sentiment.
News 8 hours ago

The Greatest vs. the Future: Messi, Bellingham Set for World Cup Showdown

Lionel Messi and Jude Bellingham headline England vs. Argentina as the greatest meets football's future in a World Cup semifinal.
Business 9 hours ago

Indonesia Revamps OSS Platform as Multi-Ministry Integration Delays Spending

Indonesia's OSS overhaul delayed budget spending as the government integrates the investment licensing platform across agencies with AI.
News 9 hours ago

Death Toll from Bangkok Bar Fire Rises to 32 as Two More Die

Bangkok's deadly bar fire death toll rises to 32 as victims' families seek compensation and investigators probe the cause.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED