Bisnis, JAKARTA—A combination of tight credit policies and declining purchasing power hamstrung car sales in 2024. Despite that, 16 out of 39 brands still managed to post sales growth.
According to the Association of Indonesian Automotive Manufacturers (Gaikindo), car wholesales in November declined from last year, from 84,390 units in November 2023 to 74,347 units in November 2024, an 11.9 percent year-on-year (YoY) decline.