JAKARTA. The Association of Indonesian Automotive Industries (Gaikindo) predicts the car sales will reach 960,000 units by the end of this year, following the numbers seen until October 2022 of 851,413 units.

Jongkie Sugiarto, Head I of Gaikindo, believes that the positive trend in car sales will be carried out through the remainder of this year. According to Gaikindo’s evaluation, the possible recession will not automatically deter car sales next year. So far, Indonesia tends to be more resilient than other developed countries, regarding either the inflation or economic growth.

“We hope that the car sales in 2023 could reach 975,000 units,” Jongkie said yesterday (23/11). Throughout January-October 2022, the domestic wholesale (factory to dealers) of cars increased 21.1% year-on-year (yoy) to 851,413 units. Similarly, the domestic retail sales (dealers to consumers) of cars also grew 21.4% yoy to 822,013 units,

Specifically, in October 2022 alone, the wholesales of cars in Indonesia reportedly reached 93,197 units, while car retail sales clocked up to 89,651 units. (AM/ZH)