Indonesian Automotive Sales Target Revised Down as Market Weakens
Jakarta. The Indonesian Automotive Industry Association (Gaikindo) has revised its vehicle sales target for 2024 from 1.1 million units to 850,000 units.
Gaikindo Chairman Jongkie Sugiarto explained that the automotive market, particularly for passenger vehicles, has been sluggish throughout 2024, prompting the downward revision.
"This reduction in the target is based on low sales figures that have not shown significant improvement," Jongkie said on Monday.
According to Gaikindo's data, wholesale car sales in Indonesia reached 72,667 units in September 2024, a decline of 9.1 percent compared to the 79,919 units sold in September 2023. Retail sales (from dealers to consumers) also fell to 72,366 units in September 2024, down 10.6 percent from 80,984 units in the same month last year.
Despite the challenging market conditions, Gaikindo remains optimistic about boosting vehicle sales by the end of the year through various automotive exhibitions. One key event is the Gaikindo Jakarta Auto Week (GJAW) 2024, scheduled to take place from November 22 to December 1, 2024, at the Indonesia Convention Exhibition (ICE) in BSD City, Tangerang.
"Gaikindo is organizing several exhibitions, including GIIAS Bandung, and soon the Gaikindo Jakarta Auto Week, among others. These initiatives are all aimed at stimulating sales," Jongkie added.
From January to September 2024, total wholesale sales amounted to 633,218 units, a 16.2 percent decrease from 755,778 units during the same period in 2023. Meanwhile, retail sales dropped by 11.9 percent year-on-year to 657,223 units, compared to 746,246 units in the first nine months of 2023.
Tags: Keywords:Related Articles
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.
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.
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.
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.
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.
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.
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
Germany Beats Ivory Coast 2-1 to Advance to World Cup Knockout Phase
Four-time champion Germany has come back from disappointing group stage exits in 2018 and 2022.
Netherlands Routs Sweden 5-1 to Lead Group F
Sweden coach Graham Potter said the defeat was less about what his team did and more about just how good Netherlands played Saturday.
Dear Mr. President, Don’t Skip ASEAN Summits
Despite calls for Prabowo to stay home, the Indonesian leader still needs to attend ASEAN summits.
PLN Rushes Coal Supplies After Power Outages Hit Java
PLN is rushing to secure coal supplies after shortages triggered rolling blackouts across Java, disrupting businesses and daily life.
Japan-Backed ADB Invests in Indonesia’s Human Capital
As many as 399 Indonesian awardees have joined the ADB-Japan Scholarship Program from 1988 to 2024.Most Popular
