Indonesia’s car sales in November stood at 53,884 units, down by 41pc from the preceding year but rose by 9.9pc from October, according to media reports citing data released by the Association of Indonesian Automotive Industries (Gaikindo).
In October, the car sales stood at 49,018 units, and 91,240 cars were sold in November 2019.
In the first eleven months of the year (Jan-Nov, 2020), the country’s car sales fell by 50pc to 474,908 units as compared to 942,462 units in the prior-year period.
The sharp decline in car sales in the 11-month period from previous year’s was due to the impact of the COVID-19 pandemic on the auto sector across the globe. The car sales have remained sluggish.
The auto sector is slowly recovering which is visible in the slow yet steady rise in sales on monthly basis. Gaikindo said that economic rebound is expected to take time with COVID-19 still impacting the auto industry.
The association has projected car sales in Indonesia to remain at 525,000 units this year (FY20). It further added that domestic car sales in 2021 are expected to reach 800,000 units and it will take nearly two years for car sales to reach pre-COVID-19-levels. In 2019, Indonesia’s total car sales stood at 1.03mn units.