As if it needed confirmation, data shows car sales in Indonesia barely grew month on month from May to June and in fact dropped nearly 20% year on year for the first quarter of the year and the market contracted 33% in Java and Bali between 2013-2022 according to Astra International and University of Indonesia.
Cars are becoming too expensive to buy while income per capita hasn’t grown to match. Restricting car age in Jakarta to 10 years starting next year looks likely to boost sales.
A new law prevents cars older than 10 years to be registered or driven in the city starting 2025.
https://www.cnbcindonesia.com/news/20240710034951-4-553207/ternyata-sudah-menahun-penjualan-mobil-ri-stagnan-ini-biang-keroknya
#Transport #Cars #Indonesia
Aulia Masna /
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2024-07-10 04:20:21
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npub17x4nprvvx9afcdyar4ghlungt589280vczn6tupcskv5vp7wv8qskx0gp7Published at
2024-07-10 04:20:21Event JSON
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"content": "As if it needed confirmation, data shows car sales in Indonesia barely grew month on month from May to June and in fact dropped nearly 20% year on year for the first quarter of the year and the market contracted 33% in Java and Bali between 2013-2022 according to Astra International and University of Indonesia.\n\nCars are becoming too expensive to buy while income per capita hasn’t grown to match. Restricting car age in Jakarta to 10 years starting next year looks likely to boost sales. \n\nA new law prevents cars older than 10 years to be registered or driven in the city starting 2025.\n\nhttps://www.cnbcindonesia.com/news/20240710034951-4-553207/ternyata-sudah-menahun-penjualan-mobil-ri-stagnan-ini-biang-keroknya\n\n#Transport #Cars #Indonesia",
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