Indonesia’s Auto Finance Industry is expected to reach US$ 54 Bn by 2026 : Ken Research Indonesia’s auto finance Industry is steered through adoption of modified vehicle ownership attributes, monetary policies, surging automotive demand, and an assured future for e-vehicles. The market is bounteous with players like Mitsubishi Lease and Finance, Suzuki Finance Indonesia, Toyota Astra Finance, Daihatsu, Honda, and many more. Story Outline Constant economic growth of Indonesia leading to… Read More »
Indonesia Auto Finance Market is in Growing Stage with Banking Institutions & NBFCs leading the market & Online Aggregator Platforms entering the Market: Ken Research 1. Import & Export of Indonesia are picking up pace after the Global pandemic in 2020; Japan being the major contributor in the imports Indonesia’s entire automotive industry is centered around Bekasi, Karawang & Purwakarta regions in West Java, located near the capital city, Jakarta where the demand for cars is relatively on a higher… Read More »
Rising Automobile Aggregators, Increasing Customer Expenditure with Growing Digital Advancement and Government Initiative had driven Indonesia Auto Finance Market: Ken Research Rising Automobile Aggregators: Innovative digital startups such as Cermati are reshaping the challenging automotive shopping and financing process into a quick and easy experience for customers by creating an auto finance ecosystem where specialized players occupy the various parts of the value chain. In the West Java Region, various big global car-makers invested in industrial… Read More »
COVID 19 Impact on Future of Indonesia Automotive Aftermarket Service Sector| Ken Research How Indonesia Automotive Aftermarket Service Market Is Positioned? Indonesia automotive aftermarket service industry revenue stood at USD ~ Bn in 2021 and recorded a CAGR of 5.4% during 2015-2021. The multi-brand workshops dominate the Indonesian automotive aftermarket service industry due to their cheaper service fee and generalized service offerings. ~% of the after-sales car service… Read More »
Indonesia Automotive Aftermarket Servicing Industry Growing with the Surging Car Parc in the country: Ken Research “Amplified demand from used car owners has driven the growth of Multi brand Car Service Market in Indonesia.” Unorganized Car Segment Contributing Majority in Multi Brand Car Service Industry: The unorganized multi-brand segment held the largest market share in the Indonesia multi-brand car service market in 2021. The market is witnessing the entry of large… Read More »
Indonesia Automotive Aftermarket Service Market Outlook to 2026: Ken Research The report titled “Indonesia Automotive Aftermarket Service Market Outlook to 2026: Influx of new players and car variants from abroad are contributing to the growth of automotive aftermarket service industry in Indonesia” provides a comprehensive analysis of the automotive aftermarket service industry in 00Indonesia. The report focuses on the automotive car service market size, Indonesia… Read More »
Digital Enablement, Adoption of Omni-Channel Business Models and Growing Demand from Tier-2 Cities to Drive Used Car Sales in Indonesia: Ken Research As an impact of Covid-19, OLX Indonesia saw a drop of 15-25% in the number of used car listings on its platform in 2020. Used car platform, Carro, experienced a 600% increase in demand for certified used cars during the pandemic. The platform offered home test drives as well as the option of purchasing cars… Read More »
Future Growth of Indonesia Used Car Market: Ken Research 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 ~… Read More »
Influx of Online Used Car Platforms and Financing Companies Escalating the Growth of Used Car Industry in Indonesia: Ken Research Growth of Online Platforms: The last decade has witnessed the entry of various online auto classified platforms in the country such as Mobil123, OLX Autos, Carsome, Carro, and more. The internet penetration in Indonesia stood at ~73% in 2019, highlighting the growing presence of consumers online. The majority of the leads for offline dealerships were… Read More »
In-Depth Analysis Of The Covid-19 Impact On The Used Car Industry In Indonesia: Ken Research The global outbreak of the Covid-19 virus has led to massive disruptions in all industries, especially sectors such as automotive, travel & more. The looming public health crisis has claimed over 2.36 million lives globally as of February 12, 2020, and continues to pose a threat to the lives, livelihoods, and businesses across the world.… Read More »
