How Indonesia Used Car Market Is Positioned?
The Indonesia car industry has evolved in many folds in terms of technology and the total number of cars being manufactured and produced. Previously, people used to prefer buying used cars in Indonesia on the basis of suggestions given by friends and families which were not up to the mark in terms of quality check. The biggest evolution can be seen via the organized structure which constitutes multi-brand organized showrooms and OEM certified dealerships that provide numerous used car brands which are subsidiaries of international automobile brands. The biggest evolution can be seen via the organized structure which constitutes multi-brand organized showrooms and OEM certified dealerships that provide numerously used car brands which are subsidiaries of international automobile brands.
The demand for used cars has seen a constant rise over the past few years, especially from major brands such as Toyota, Daihatsu, Nissan, Honda, Suzuki, Mercedes Benz, and others. The emergence of captive players consisting of multi-brand showrooms such as Mobil88, Andre Motors, Auto2000, Tunas, Sun star motors; and OEM certified players such as Auto Safe Hyundai, Toyota Trust, Mercedes Certified, and BMW Premium Select have started offering customers with certified used cars that are of good quality and carefully inspected by experienced technicians. As a result, the organized sector tends to keep a higher profit margin when compared to local dealerships which constitute the unorganized sector.
Competitive Landscape In Indonesia Used Cars Market
Competition within Indonesia used cars market was observed to be highly fragmented along with the presence of a large number of local dealerships, small mechanics and individual sellers, which collectively makes up the unorganized space. Majority of the used cars market in terms of sales volume was observed to be highly unorganized. On the other hand, the market constitutes of the organized players like Mobil88, Tunas, Andre Motors Auto2000, Sun star motors. There are OEM certified players too such as Toyota Trust, Autosave, Mercedes Certified, BMW premium selection. The online lead generation happened through major online auto portals such as OLX, Carmudi, Mobil123 and others. Certification and authentication, brand, price, mileage and performance, engine quality/power and a total number of dealers are some of the critical parameters on the basis of which companies compete in the organized segment.
Indonesia Used Cars Market Future Outlook and Projections
It is anticipated that the used cars market in Indonesia will continue to grow in the coming years as used vehicles are much cheaper to purchase than a new one. Projections for the future suggest that the overall the market for a used car in Indonesia is likely to showcase a vibrant growth in terms of sales volume in 2023E years owing to the introduction of new car variants along with the rising aspirations of low and middle-income consumers in the country. Stabilization of macro-economic variables and an overall improvement in the standard of living in low-income regions including Lampung, Denpasar, and Palembang is projected to boost sales in the used car market. The market is expected to be driven by higher sales of luxury cars and MPV’s due to the increasing brand consciousness coupled with the growth in a number of families.
Key Segments Covered:-
Market Structure
Unorganized Sector
Organized Sector
Distribution Channel
Unorganized (Local dealership, C2C)
Organized (Multi-brand dealership and OEM certified, Repossessed cars)
Unorganized and Organized lead generation source
Dealership Walk-ins
Online Auto Portal
Type of used cars
MPVs/Sedan
Economy/Hatchback
SUV
Sales by major cities
Jakarta
Surabaya
Medan
Bandung
Others
Type of Used passenger cars
Private
Commercial
Kilometers driven
>5000
5000-20000
20000-50000
50000-80000
80000-120000
120000 and above
Year of manufacture
Before 2000
2000-2002
2003-2005
2006-2008
2009-2012
2013-2018
Fuel Type
Gasoline
Diesel
Others (Hybrid, electrical, CNG)
Key Target Audience
Automobile Companies
OEM certified companies
Online Classifieds
Multi Brand Organized Car Dealers
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023
Companies Covered:-
Multi-brand Dealerships (Mobil88, Andre Motors, Auto2000, Tunas, Sun Star motors, and others)
OEM Certified Dealerships (Toyota Trust, Hyundai Autosafe, Mercedes certified, and BMW premium select)
Online auto portals (OLX, Mobil123, Carmudi, Mobil88, OTO others)
Keywords:-
Indonesia Automotive Finance Industry
Indonesia Car Dealership Market
Indonesia Online Car Broker Market
Indonesia Online Second Hand Car Sales
Indonesia Online Used Car Financing Market
Indonesia Second Hand Car Market
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Indonesia Used Car Major Dealers
Indonesia Used Car Market Segmentation
Indonesia Used Car Market Size
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Indonesia Used Cars Market Sales Volume
Indonesia Used Cars Market Share
Indonesia Used Cars Structure
Industri Mobil Bekas di Indonesia
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To Know More, Click On The Link Below:-
Indonesia Used Car Market Outlook
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