Below is a list with tagged columns and company profiles.

Latest Reports Car Sales

  • Indonesia's Astra International: Net Profit, Sales & Dividend

    Astra International, among the biggest diversified conglomerates in Indonesia, plans to distribute a total of IDR 6.8 trillion (approx. USD $511 million) worth of dividend for financial year 2016 to its shareholders, about 45 percent of the company's total net profit (slightly below the 50 percent payout ratio in the preceding year). Astra's 2016 dividend involves final dividend of IDR 113 per share and interim dividend of IDR 55 per share (hence total dividend of IDR 168 per share).

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  • Automotive Sector: Bright Future for Car Sales in Indonesia?

    Passenger car sales in Indonesia are estimated to rise 11.5 percent per year in the 2017-2021 period supported by Indonesia's expanding middle class. This conclusion originates from research that was conducted by London-based BMI Research. Meanwhile, business consulting firm Frost and Sullivan sees Indonesian car sales rise 5 percent (y/y) to 1.11 million vehicles in 2017 supported by the popular low cost green cars and multipurpose vehicles.

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  • Automotive: Toyota's Investment Realization in Indonesia at 70%

    Automotive manufacturer Toyota Motor Corporation already realized 70 percent of its total of IDR 20 trillion (approx. USD $15 billion) worth of investment commitments in Indonesia. Japan-based Toyota will materialize its investment commitments gradually up to 2019. Warih Andang Tjahjono, Vice President Director at Toyota Motor Manufacturing Indonesia (TMMI), said his company invested IDR 10 trillion in late-2016, both in the form of a capital injection and for additional production facilities.

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  • Car Sales Indonesia in 2016 May Achieve Gaikindo's Target

    Indonesia's car sales rose 3.7 percent year-on-year (y/y) to 974,972 vehicles in the first 11 months of 2016, improving from 940,027 sold vehicles in the same period one year ago. Jongkie Sugiarto, Chairman of the Indonesian Automotive Industry Association (Gaikindo), said this year's rising car sales in Indonesia are primarily supported by the launch of various new vehicles. He added Gaikindo's 2016 car sales target of 1.05 million could still be achieved, provided December's car sales will be more than 75,000 units.

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  • Automotive News Indonesia: Car Sales Growing in October 2016

    Car sales in Indonesia rose 4 percent year-on-year (y/y) to 91,846 units in October 2016 compared to 88,408 vehicles in the same month one year earlier. Growth is attributed to the stabilizing economy of Indonesia and the launch of several new car models (that managed to entice consumers). New data from the Indonesian Automotive Industry Association (Gaikindo) show that Indonesia's car sales totaled 874,703 units in the first ten months of 2016, up 2.5 percent (y/y) from 853,089 cars in the same period one year ago.

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  • Low Cost Green Car Boosts Indonesia's 2016 Car Sales

    Car sales in Indonesia grew 2.4 percent to around 783,000 vehicles in the first nine months of 2016 from 764,000 units sold in the same period one year earlier. Improving car sales this year are attributed to the launch of new low cost green car (LCGC) models - including the Toyota Calya and Daihatsu Sigra - at the Gaikindo Indonesia International Auto Show 2016, held between 11-21 August 2016 near Jakarta. Demand for both models, distributed by the Astra Group, is high, reflected by the two-month waiting list.

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  • Car Exports Indonesia: A Mixed Performance So Far this Year

    Indonesia’s exports of cars and components reached a value of USD $552.6 million in August 2016, up 50.3 percent (m/m) from USD $368.3 million in the preceding month when many countries celebrated Idul Fitri (marking the end of the holy Ramadan month). According to data from Statistics Indonesia (BPS), Indonesia exported a total of USD $3.72 billion worth of cars and components in the first eight months of 2016, up 1.5 percent on a year-on-year (y/y) basis. Jongkie Sugiarto, Chairman of the Indonesian Automotive Industry Association (Gaikindo), said rising car exports from Indonesia continue the positive performance that was recorded last year.

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  • Investment in Indonesia's Automotive Sector: Nissan's New Plant

    Nissan Motor Indonesia (NMI), the Indonesia-based local unit of Japanese multinational automobile manufacturer Nissan Motor Company Ltd, started construction of a new engine and transmission parts plant in Purwakarta (West Java). The plant, which will be constructed at NMI's existing facilities in Purwakarta, covers 3,000 of square meters in size and requires an investment of around IDR 435 billion (approx. USD $33.2 million). The plant is designed to have a production capacity of 96,000 units per year.

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  • Low Cost Green Car to Boost Indonesia's 2016 Car Sales

    Sales of low cost green cars (LCGCs) are estimated to boom in Indonesia this year, supported by the launch of the Toyota Calya and Daihatsu Sigra. These multi-purpose vehicles are expected to become popular on the Indonesian market as they are relatively cheap (in the range of IDR 110 - 150 million) and have a maximum passenger capacity of seven people. According to analysts the LCGC will control 20 percent of Indonesia's car sales market before the year-end. Especially, first-time car buyers show a preference for the LCGC.

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  • Indonesia's June Car Sales Rise 11.4% to 91,471 Vehicles

    Car sales in Indonesia grew 11.4 percent (y/y) to 91,471 units in June 2016. Henry Tanoto, Vice President Director of Toyota Astra Motor (TAM), said the increase in car sales is supported by people's eagerness to purchase a car ahead of the Idul Fitri holiday (4 - 8 July 2016). A portion of the population buys a (new) car before going on "mudik" (a term that refers to the traditional journey made by city dwellers back to their places of origin to spend a couple of days with their families during the Idul Fitri holiday, the holiday that marks the end of the Islamic fasting month).

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Latest Columns Car Sales

  • Analysis: Car Sales in Indonesia Strong in First Four Months of 2013

    Indonesian car sales in the first four months of 2013 continued its robust growth. Preliminary data from Agen Pemegang Merek (Brand Holder Agent or APM) indicates that from January to April of 2013 397,991 car units were sold in Indonesia, which constitutes a 17.75 percent increase compared to the first four months of 2012. Toyota retained its position as market leader with a market share of 35.9 percent. However, sales of Honda and Suzuki vehicles are growing fast in Indonesia.

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  • Astra International (ASII) Presents First Quarter Results of 2013

    Astra International, Indonesia's largest listed company by market capitalization, presented its Q1-2013 financial results yesterday. The company, which represents the dominating force in Indonesia's automotive sector, posted a seven percent fall in net earnings (YoY) to IDR 4,310 trillion (USD $444.3 million) amid Indonesia's rising labour costs, weak commodity prices, increased competition in the country's car sector and effects of new minimum down-payment regulations in automotive Shariah-financing.

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  • The Ongoing Quest for the Reduction in Indonesia's Fuel Subsidy

    The heavily subsidized fuel price of Indonesia is likely to be raised next month according to Indonesian media sources. Various high officials, including Economic minister Hatta Rajasa, discussed the possibility to raise the fuel price from IDR 4,500 (USD $0.46) to IDR 6,500 (USD $0.67) per liter starting from May. This increase will only apply to private passenger cars, and not to motorcycles and public transportation. However, president Susilo Bambang Yudhoyono has not made up his mind yet.

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  • Local Governments and Private Sector Should Join Hands to Develop Infrastructure

    Indonesia's central government hopes that local governments team up with the private sector to develop the country's infrastructure. President Susilo Bambang Yudhoyono said that there are two ways through which local governments can stimulate its infrastructure development: cut expenses on other fields and use it on infrastructure development instead, or, invite the private sector to participate in public-private partnerships (PPPs).

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