The Used Car Market In Indonesia Soars When The Sales Of New Cars Slumped

Car unions at the JBA Indonesia Car auction. (Photo: Afrizal Abdul Rahman / VOI)

JAKARTA - Total car sales in Indonesia this year experienced a decline, even from Gaikindo wholesales data throughout January to October reaching 710,406 units, while retail sales to October only reached 730,637 units. Based on the same period the acquisition for 10 months fell 15 percent, and retail 11.5 percent. On the other hand, the used car market turned out to be on the rise and still a prima donna.Data shared by JBA Indonesia's Automotive Auction Hall, the company recorded an increase in used car sales of up to 42 percent, in addition to 24 percent for motors from year to year as of October 2024. From the data received, the total number of used cars sold was more than 57,000 units, while for used motorcycle sales it reached 42,000 units. "Indeed, the sale of new cars is more sluggish, but what we see is that there is a swithing to a used car which is indeed an opportunity for JBA to continue to grow the market," said Chief Operating Officer of PT JBA Indonesia Deny Gunawan, in when met in the Menteng area, Jakarta, Thursday, November 21. If detailed in more detail, there are five passenger cars that are classified as well as well-selling, including Toyota Avanza G 2018 series, Toyota Calya G 2023, Daihatsu Sigra R 2023, Honda Brio Satya 2023, Toyota Innova series G 208. Meanwhile, for the best-selling motorcycle Honda Beat FI CW 2023, Yamaha NMAX 2023, Honda Scoopy 2023, Yamaha Gear 125 2023, and Honda Beat Street eSP 2023. "The expansion that we do also supports the increase in sales this year, we also carry out the diversification of auctions and service innovations to our customers, both digital services and offline services," he added.

Chief Executive Officer of PT JBA Indonesia Kazuhiro Shioyama, revealed that as an auction service company, one of the sources of business productivity level is the trust of customers. Namely from a company and individual unitists as well as auction participants. "Also expansion and sustainable business innovation to increase public trust and make JBA Indonesia a brand that provides solutions for its customers," said Kazuhiro. JBA Indonesia also continues to expand its business, one of which is opening a new auction network in Bengkulu and Palopo as an auction unit pool. This year, JBA is also expanding by opening the largest JBA Indonesia motorcycle branch in Jakarta which can accommodate up to 1,500 motorcycles. This year, JBA Indonesia has also increased offline services by opening Exclusive Lounge services for selected buyers, as well as diversifying auctions, such as timing auctions and vehicle parts auctions.