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This used car is most destroyed when the 0% tax applies

Jakarta, CNBC Indonesia The discourse of giving 0% tax relaxation for new cars, if realized, is a threat to the used car buying and selling business. Some used car models will be hit hard, especially in the Rp 100 million price range. In this segment, a new car that was previously IDR 200 million will decrease to IDR 100 million if the 0% tax applies.

“Since last April, it fell. We saw car sales per dealer survey before the pandemic, 3.7 units, dropped to 1.4 units about three months ago. Two weeks ago, after the survey, they were able to sell 2.1 units of cars per week. It’s been up 50% from yesterday, but it hasn’t reached the point before the pandemic, “said CEO of OLX Autos Indonesia Johnny Widodo to CNBC Indonesia, Wednesday (30/9).

If there is no softening of regulations, such as reducing the down payment (DP) portion, this condition can continue. A number of types of cars have the potential to be affected, especially cars that are in low middle class prices.


“In terms of quantity, cars with MPV in the range of Rp. 100 million are still the favorites. But in fact, if you look again, cars in the Rp. 200-300 million second-hand class are less affected than cars below. Rp. 100 million, but the impact of decreasing premium stocks is less, “said Johnny.

Cheap cars are indeed more attractive to used cars. However, Johnnya considered the tightening of financial regulations for transactions an obstacle. For example, the high down payment set by leasing companies. This was also acknowledged by used car sellers in the field directly.

“It’s very hard, we sell small cars. We can’t get another Rp. 10 million down payment. The downpayment is Rp. 40 million, 50 million. People are confused, just imagine, at the beginning Rp. 40 million is not insurance. Yes, put insurance at Rp. 10 million. Total Rp. 50 million to buy Ayla, Agya. Just imagine, “said marketing Wish Autocars WTC Mangga Dua Ricky.

[Gambas:Video CNBC]

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