Indonesia Autos - Downtrading price hike and weak demand
JT GHIndonesia's 9M24 4W sales reached IDR232tn (-12% y-y), with 633k units sold (-16% y-y) at an ASP of IDR368mn (
Indonesia's 9M24 4W sales reached IDR232tn (-12% y-y), with 633k units sold (-16% y-y) at an ASP of IDR368mn (
Car sales in Indonesia have been sluggish — the latest sales (6MMA) at 70k vs pre-COVID normalized period of 8
In this note, we assess the growth trend of the used car market and its correlation with new car prices in Ind
DRMA margins have deteriorated in the past two quarters due to low production volume.
Astra Otoparts continues to show resilient earnings, which were driven by its trading