Future Growth of Indonesia Used Car Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How The Indonesia Used Car Market Positioned? Indonesia is one of the largest automotive and used car markets in Southeast Asia. It is home to many OEMs having production and assembling plants in the country. The number of vehicles domestically manufactured reached ~ million units whereas the number of locally produced passenger cars reached ~ units. The passenger car ownership ratio in the country is however relatively less at ~ cars per 1,000 individuals as compared to its neighboring countries Malaysia and Thailand with ~ and ~ per 1,000 individuals respectively in 2019. The used car sales in the country have also been inclining over the period 2014-2019. The growing urban population and disposable income among the working population are contributing to the growth of the used car industry. The used to new car ratio in the country has improved from ~ in 2014 to ~ in 2020. The used car sales basis volume in units witnessed a CAGR of ~% over the period 2014-2019, crossing ~ million units in 2019. On the basis of gross transaction value, the industry grew from USD ~ billion in 2014 to USD ~ billion in 2019. The industry declined during 2016-2017 owing to the economic and automotive industry slowdown during the period. After recovery in 2018-2019, the industry was again hit a roadblock in 2020 amidst the Covid-19 pandemic, which significantly impacted the used car sales, prices, and inventory with the dealers. The easy availability of financing options, on the other hand, has aided the industry’s growth. Indonesia Used Car Market Segmentation By Market Structure: The used car industry in Indonesia was identified to be largely unorganized due to the preference towards local, independent dealers. Multi-brand & OEM-certified dealerships contributed to the sales volume in the organized market. Organized Market Segmentation By Sales Channel: Multi-brand dealers accounted for the maximum used car sales in the country. OEM-certified dealerships have relatively less traction in the industry. Unorganized Market Segmentation By Sales Channel: Used Car sales through independent dealerships were analyzed to dominate the market as they are spread all across the country. By Type of Car: MPVs were analyzed to account for maximum used car sales in-country in 2020 and are popular among various types of consumers, particularly large-families. Toyota Innova & Avanza, Daihatsu Xenia, and Honda Mobilio were observed to be the best-selling models in the category. There is also growing traction towards Hatchbacks or city cars. By Brand: There is a high demand for Japanese cars in Indonesia. Toyota & Honda continue to dominate the used car sales in the country due to better residual value to these brands & easy availability of spare parts. MPVs & Hatchbacks are the most popular car types sold for both of these brands. Other brands popular in the country include Daihatsu, Suzuki, and Nissan among others. Indonesia Used Market Segmentation By Vehicle Age: A large proportion of the used cars sold in 2020 were observed to be 5-8 years old. The average car ownership period in the country is around 3-7 years due to which many cars falling in that age group are popular in the used car market. By Mileage/Kilometers Driven: Cars with a mileage between 50,000-80,000 km accounted for maximum used car sales in the country, followed by 20,000-50,000 km. By Region: DKI Jakarta accounted for the highest used car sales in the country in 2020. The large presence of urban population in the region, including working population, & higher disposable income contributed to the high demand. East Java accounted for the second-highest used car sales volume. The region is home to a large number of used car exchanges and independent & multi-brand dealerships By Customer Profile basis Age Group: The majority of the used car buyers in the country were observed to fall under the age bracket of 30-55 years. This age group largely includes large families having multiple cars, working professionals & more. The demand from younger people in the age group 18-30 years is also increasing rapidly, particularly students and individuals in tier-1 & tier-2 cities. Competition Scenario In Indonesia Used Car Market The used car industry in Indonesia is highly competitive with over 8,000+ dealerships operating in the space. Both multi-brand & OEM-certified/authorized dealerships are operating in the market and each focuses on the geographical presence and value-added services offered as a key parameter to distinguish themselves. The review period also saw many online auto-classified platforms and marketplaces entering the market. These platforms focus on increasing consumer engagement, the number of listings, and onboarding more dealers on their platform. Indonesia Used Car Market Future Outlook And Projections The used car market in Indonesia is expected to grow at a CAGR of ~% on the basis of gross transaction value and ~% on the basis of sales volume over the forecast period 2020-2025F. The market is expected to witness growth post-COVID-19 from 2021 and sales are expected to recover. Companies are expected to focus on a wider distribution network including online marketplaces & e-commerce platforms and invest in research and development to compete with online platforms and boost their used car sales. The forecast period is also expected to witness growth in the demand for Hatchbacks and SUVs in the country. Key Segments Covered: – Indonesia Used Car Market (On the basis of GTV) Indonesia Used Car Market (On the basis of Sales Volume) Indonesia Used Car Market Segmentations (On the basis of Sales Volume) By Market Structure (On the basis of Sales Volume & GTV) Organized Unorganized By Type of Car MPVs Hatchbacks SUVs Others By Brand Toyota Honda Daihatsu Suzuki Others By Vehicle Age Less than 1 year 1-3 years 3-5 years 5-8 years More than 8 years By Mileage Less than 20,000 Km 20,000-50,000 Km 50,000-80,000 Km 80,000-120,000 Km More than 120,000 Km By Regions DKI Jakarta East Java West & Central Java North Sumatera Others By Age Group of Buyers 18-30 Years 30-50 Years More than 50 Years Organized Used Car Market By Sales Channel Multi-brand Showrooms OEM-Certified/Authorized Dealership Outlets Unorganized Used Car Market By Sales Channel Customer to Customer (C2C) Local Dealerships Dealerships Covered Mobil88 Toyota Trust (PT Astra Auto Trust) Hyundai Auto Safe (PT Hyundai Mobil Indonesia) Suzuki Auto Value (PT Suzuki Indomobil) Diamond Smart Auto (PT Mitsubishi Motors Krama Yudha Sales Indonesia) PT Tunas Ridean Tbk Online Auto-Classifieds/Platforms Covered OLX Indonesia Mobil123 Carmudi Oto.com Carsome Carro Key Target Audience Car Dealerships Car Manufacturers Car-Rental and Leasing Companies Online Auto Classified Companies Industry Associations Regulatory Bodies Used Car Auction Companies Banks & NBFCs Time Period Captured in the Report:- Historical Period: 2014-2020 Forecast Period: 2021-2025 Key Topics Covered in the Report: – Macroeconomic Overview and Overall Automotive Demand in Indonesia Overview and Genesis of Indonesia Used Car Industry Trends and Growth Drivers in the Industry and Challenges Faced Indonesia Used Car Market Size and Segmentations, 2014 – 2020 Ecosystem and Value Chain of Used Car Industry Customer Decision Making Parameters & Brand Perception Mapping Cross Comparisons between Major Authorized Dealerships and Online Auto-Classifieds/Platforms and Company Profiles Future Market Size and Segmentations, 2020-2025F Covid-19 Impact on the Industry, the Way Forward & Upcoming Online Business Models Analyst’s Recommendations For More Information on the research report, refer to below link: – Future of Indonesia Used Car Market Related Reports by Ken Research: – Saudi Arabia Used Car Market Outlook to 2025 Tags: Analisis Pasar Mobil Bekas Indonesia, Auto finance Penetration Indonesia, Auto2000 used car sales Indonesia, Average Price Used Car Indonesia, Best Online Used Car Platforms Indonesia, Best Selling Used Cars in Indonesia, BMW Used car demand Indonesia, bursa mobil bekas Indonesia, bursa mobil bekas Jakarta, Buying Used Car Indonesia, Car Auction Market Indonesia, Car Brands with Mileage Indonesia, Carmudi Used car sales Indonesia, Carro Used Car Sales Growth Indonesia, Cars with a mileage Indonesia sales volume, Cars with a Run industry Indonesia, Cars with Mileage Market Indonesia, Carsome Used Car Sales Revenue Jakarta, 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