Green cars support auto sales in Indonesia
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JAKARTA - National automotive sales have recovered in the second quarter of this year compared with the same period last year.
According to the Association of Indonesian Automotive Industries (Gaikindo), the automotive industry sold 264,000 cars from April to June 2016, 9 per cent more than in the same period of last year.
Indonesian market leader Astra International sold 146,000 cars in the three-month period, up 16 per cent from the same period in 2015. But the higher unit sales did not translate into a similar increase in revenue.
Astra, which controls 54 per cent of the national car market, reported a 1 per cent decline in revenue in the second quarter 2016 from the same period last year.
The company posted sales of Rp 24.8 trillion (US$1.9 billion) in the April-June quarter, down from Rp 25.1 trillion in the same period last year.
Other players also witnessed falling sales, including Suzuki and Nissan's distributor Indomobil, which booked Rp3.12 trillion in sales in the second quarter this year compared with Rp 3.6 trillion in the same period last year.
A closer look at the data shows that low-cost green cars (LCGC) dominated the Indonesian automotive market in the second quarter, attracting lower-income buyers but reducing overall sales.
