JAKARTA. The Association of Indonesian Automotive Industries (Gaikindo) revised its car sales target this year to 1.05 million units, from the previous target of 975 thousand units.

Kukuh Kumara, General Secretary of Gaikindo, said that the increase in target was in accordance with the realization of car sales from dealers to consumers (retail sales) in the first quarter (Q1) 2023. Sales in Q1 2023 were recorded at 271,158 units, growing 13.7% from the same quarter last year.

“Demand has shown an increasing trend since January. In March, unexpectedly, car sales could exceed 100 thousand units," said Kumara.

Nonetheless, Gaikindo will continue to monitor global economic conditions until the end of this year. "There is still lingering geopolitical sentiment," said Kumara.

According to data from Gaikindo, Toyota cars were ranked first in sales in Q1 2023, with sales of 80,813 units. Meanwhile, Daihatsu cars were ranked second, with sales of 57,567 units. Toyota's market share is at the level of 29.8% in Q1 2023, while Daihatsu's is 21.2%. (KR/LM)