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Car sales

Title: Indonesia Car Sales Set to Boom, Says Finance Minister

by Priya Shah – Business Editor November 28, 2025

written by Priya Shah – Business Editor

Indonesian Finance Ministry Predicts Rebound in‌ Car‍ Sales

Jakarta, Indonesia – ‍Indonesia’s Finance Ministry is forecasting a positive turn⁣ for car sales next month, building on the current strong performance of the motorcycle sector, according to a statement released today by State Treasurer purbaya. The⁤ anticipated recovery ⁤follows a period of sluggish automotive ‍sales throughout ‌much⁤ of 2025.

The ⁤prediction comes ⁢as motorcycle sales continue to surge, ‍growing 8.4 percent year-on-year, reaching 5.4 million units between January and October 2025, according to data from the Motorcycle Industry Association (AISI). This positive trend ⁢in two-wheeled ‍vehicle ⁢demand is fueling optimism that a similar recovery is imminent for the four-wheeled market, impacting a key sector of the Indonesian economy and potentially signaling broader ⁢consumer confidence.

Purbaya cited data from ‍the Association of Motor‍ Vehicle Industries ⁣(Gaikindo) indicating car sales are nearing 75,000 units,with wholesale‍ figures ⁣up⁤ 19.2 percent and retail sales increasing 17.2 percent. Despite these‍ recent gains, overall car sales for the January-October period‌ this year⁣ remain lower⁢ compared to ⁤the same timeframe in 2024.

“I think ‍next month car sales will also start to be positive again,” Purbaya⁤ stated optimistically.

The Ministry’s assessment offers a glimmer of hope for ⁣automotive manufacturers and related industries, which have faced headwinds in recent months. The potential rebound in car sales could contribute to overall economic growth and provide a boost to government revenue.

November 28, 2025 0 comments

Business

Mobility Halden Expands Sales Premises for Growth

by Priya Shah – Business Editor September 15, 2025

written by Priya Shah – Business Editor

Mobility Halden Expands Operations Amidst Renault Sales Surge

halden, Norway – ⁤September 15, 2025 – Mobility halden is poised for growth, ⁣necessitating larger‌ sales premises due to⁣ increasing demand for Renault vehicles following the discontinuation of their Hongqi partnership. The company, led by Managing Director Ola Øyen and Sales Manager ⁣Morten Didrichsen, anticipates a‍ notable boost from the expanded facilities.

While initial efforts ⁣with the Hongqi brand yielded‌ 26 sales in its first year,sales ultimately ⁣stalled. ‍This shift, coupled with a rising⁣ volume of city car sales and ⁤the introduction of new renault models, has created a pressing need for more space. the expansion reflects a strategic ⁣realignment focused on Renault’s growing market presence and ‍the ⁣evolving demands of their‌ customer ⁢base.

“There are increasing demands ⁢on sales premises, and we think this will ⁣give us a ‍real boost,” stated ola Øyen.

The move signals a positive outlook for ‌Mobility Halden, positioning the dealership to capitalize on the momentum of Renault sales‍ and⁣ better serve its customers in the ⁣region.

September 15, 2025 0 comments

Business

Mercedes EQ Electric Car Strategy Shift – Sales Struggle

by Priya Shah – Business Editor September 3, 2025

written by Priya Shah – Business Editor

Mercedes-Benz to Discontinue EQE Models, Shifts EV ‍Strategy Amid‌ cost Pressures

Stuttgart,‌ germany – September 3, 2024 -‌ Mercedes-Benz is⁢ poised to overhaul its electric ‌vehicle strategy, beginning with the discontinuation of the EQE sedan and SUV in 2026. The move signals⁢ a importent recalibration for ‌the German automaker as it seeks ⁣to reconcile the financial realities of EV production with consumer demand and evolving⁤ market ⁣conditions.

The decision to sunset the EQE line comes as Mercedes-Benz confronts a widening gap between the profitability of its customary ⁤internal combustion engine vehicles and its burgeoning EV portfolio. According to Autocar, ⁤the company is responding to this challenge by streamlining its electric offerings and integrating EV technology into its existing, popular models. This pivot impacts not only vehicle⁢ design⁢ but also⁣ production locations,with some manufacturing shifting to lower-cost facilities.

A⁢ Mercedes-Benz spokesperson confirmed that ⁢development is underway on successors to the EQE, which will take the form of all-electric variants of the C-class and GLC. These models are expected to adopt a⁢ more ⁤conventional design language, moving away from the distinct styling of the ⁣current EQ ‌sub-brand. The GLC EQ is anticipated to arrive later in 2024, while the C ⁤EQ is projected for a 2026 unveiling.

The ‍strategic shift is further underscored by a move to relocate production of one Mercedes-Benz model to Kecskemét, Hungary, driven by a reported 70 percent cost reduction. Mercedes-Benz AG stated they are “continuously responding to changing market‌ conditions,” as reported by Economx. This restructuring highlights the increasing pressure on automakers to optimize production costs⁤ in the face of rising EV investments and fluctuating sales.

September 3, 2025 0 comments

Business

Toyota Sales Surge at GIIAS 2025: Thousands of SPKs Sold

by Priya Shah – Business Editor August 2, 2025

written by Priya Shah – Business Editor

Jakarta – Toyota has achieved important sales figures at the GIIAS 2025 exhibition,recording over 4,250 Sales Purchase Orders (SPKs) within the first eight days of the event. This performance demonstrates continued consumer trust in the brand amidst a competitive market and an increased number of exhibition participants compared to previous years.

The exhibition, held at ICE BSD, tangerang, has seen Toyota’s sales remain stable year-on-year, a notable achievement given the heightened competition. Jap Ernando, Marketing director of PT Toyota Astra Motor (TAM), expressed gratitude for the public’s continued confidence in Toyota vehicles.

A key highlight of Toyota’s sales performance is the growing adoption of electrified vehicles. The electrification segment accounted for 34 percent of Toyota’s total sales at GIIAS 2025, marking a 7 percent increase from the previous year. This surge in interest underscores the market’s positive reception to Toyota’s diverse electrification strategy, which encompasses conventional engines, hybrids, electric vehicles, and hydrogen-powered options.

The Toyota Kijang Innova Zenix Hybrid emerged as the top seller, contributing 25 percent to the brand’s overall sales at the exhibition. While specific figures for other best-selling models were not disclosed, Toyota showcased a comprehensive lineup designed to cater to various consumer needs and preferences.

During the opening of GIIAS 2025, Toyota also unveiled two locally assembled electric vehicles: the BZ4X and the Urban Cruiser EV, which shares its platform with the Suzuki E Vitara. These introductions align with Toyota’s broader “multi-pathway” strategy aimed at advancing electrification across its product range.

(sfn/dry)

August 2, 2025 0 comments

Business

Indonesia Car Sales Decline: Economic Concerns Rise

by Priya Shah – Business Editor July 24, 2025

written by Priya Shah – Business Editor

Jakarta – Indonesian car sales have experienced a significant downturn, signaling potential economic challenges within the country.For the first half of 2025, the automotive market saw a 8.6% decrease in wholesale sales compared to the same period in 2024, amounting to a reduction of 35,280 units. retail sales experienced an even steeper decline of 9.7%, or 41,986 units.

This contraction in the automotive sector is attributed to prevailing economic factors and a decline in consumer purchasing power. Yohannes Nangoi, Chairperson of the Indonesian Automotive Vehicle Industry Association, commented on the situation, stating that the global economic climate, including conflicts in Europe and the Middle East, along with trade policies, has impacted Indonesia’s economy and, consequently, consumer spending.

Nangoi explained that consumers are adopting a cautious approach to spending, including deferring vehicle purchases, even though the funds are available. This trend is observed across all consumer segments. Despite the current economic headwinds,the underlying demand for vehicles is still present,with consumers prioritizing other needs or waiting for more opportune times to make such purchases.

The Gaikindo Indonesia International Auto Show (GIIAS) 2025 is being viewed as a potential catalyst to stimulate the market and encourage consumer spending on vehicles. However, organizers have set modest expectations for the exhibition, with no specific sales targets announced. nangoi noted that achieving sales figures comparable to the previous year, which saw approximately 34,000 transactions, would be considered a success given the current economic climate.

(dry/din)

July 24, 2025 0 comments

Business

Just entered RI, this Chinese electric car is on the threshold of bankruptcy

by Priya Shah – Business Editor June 27, 2025

written by Priya Shah – Business Editor

Chinese EV Maker Neta Facing Potential Bankruptcy, Exits Indonesia

A prominent Chinese electric vehicle (EV) manufacturer, Neta, is reportedly on the verge of bankruptcy, causing the closure of its initial Indonesian dealership after only a brief period. This development signals the increasing volatility in the rapidly evolving EV market and the challenges faced by newcomers.

Financial Distress Revealed

Reports indicate that the parent company of Neta, Zhejiang Hozon New Energy Automobile, is facing potential bankruptcy. According to Reuters, a creditor has already filed a bankruptcy petition against the firm. Furthermore, closures of Neta showrooms in Shanghai, China, have been documented.

“According to the platform disclosure of the bankruptcy of the Chinese national company, a creditor last month submitted a bankruptcy petition against the company,”

—Source, News Outlet

The creditor, Shanghai Yuxing Advertising, cited unpaid exhibition printing costs in their petition. This situation arises amid a broader slowdown in the Chinese economy, affecting various sectors, including electric vehicle production (Statista, 2024).

Indonesia’s Dealer Closure

The competitive Indonesian EV market witnessed the closure of Neta’s first dealership in Kelapa Gading, North Jakarta. The dealership, which commenced operations on November 9, 2023, ceased activities in April 2025.

According to Frietz F Roboth, Brand Pr & Digital Manager for Neta Auto Indonesia, the closure resulted from strategic business considerations. He highlighted that this decision was a mutual agreement to prioritize customer interests and after-sales service continuity. The dealer offered a fast-charging station and various maintenance services.

Sales figures for Neta vehicles in Indonesia during the first quarter of 2025 were not encouraging, with only 198 units sold. March saw a particularly low sales volume of just 55 units.

Impact on Workforce

In China, Neta has implemented layoffs. Reportedly, about 200 employees resigned out of a total workforce of 1,700. This measure reflects the impact of declining sales on the company’s operations.

Despite the closure, Frietz confirmed that existing customer warranties, emergency road assistance, and other services remain valid through other official Neta dealerships.

June 27, 2025 0 comments

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