Gaikindo Targets Sales of Vehicles by 2018 Reaches 1.1 Million Units

INDUSTRY.co.id - Jakarta, Indonesia Automotive Industry Association (Gaikindo) has not dared to set the target of automotive product sales in 2018 with numbers far greater than last year's achievement.

Chairman of Gaikindo Yohannes Nangoi said the organization targets motor vehicle sales in 2018 of about 1.1 million units.

Thus, Gaikindo predicts the increase in motor vehicle sales in 2018 is only 1.5 percent compared to last year. In 2017, motor vehicle sales in Indonesia only reached 1.08 million units.

"For the case of early 2018, we predicted that sales stand still or only rose 1.5 percent," said Yohannes in Jakarta (6/1/2018).

He sees that economic growth is still stagnant at 5.3-5.4 percent to be one of the stagnant factors of sales in 2018. "We expect a higher increase, but a temporary forecast of 1.1 million," he explained.

Yohannes said that if economic and socio-political conditions are stable, sales of motor vehicles in Indonesia will increase. "I am optimistic the government is trying to maintain that stability," said Yohannes.