Indonesia Used Car Market Outlook to 2025 - Digital Enablement, Adoption of Omni-Channel Business Models and Growing Demand from Tier-2 Cities to Drive Used Car Sales in Indonesia: Ken Research

The report covers various aspects including the current sales volume & gross transaction value, passenger car ownership in the country, growth facilitators, issues & challenges faced by the industry, and more. Indonesia Used Car Market report concludes with projections for the future of the industry including forecasted sales volume & GTV by 2025, future market segmentation, Covid-19 impact, emerging online used car models, an international case study, and analyst’s take on the future.

Gurugram, INDIA


Gurugram, India, May 04, 2021 (GLOBE NEWSWIRE) --

  • 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 completely online.

  • In July 2020, BeliMobilGue became a part of OLX Indonesia and rebranded itself as OLX Autos, offering instant car selling service to customers. OLX Autos is present in 7 cities with ~113 inspection centers and 2,000 partners throughout Indonesia.

Shift towards Online Platforms: In order to tap into the online used car market, many multi-brand and independent dealerships are expected to increase their digital presence. Along with listing of used car inventory online through online portals, some dealerships are also investing in their own websites and Instagram pages. Used car platforms are likely to focus on developing a transactional marketplace to enable 100% online end-to-end transactions from the convenience of the homes without having to visit the showrooms.   

Increasing Demand Hatchbacks & SUVs: Although traditionally MPVs have dominated the used car sales in Indonesia, recently there has been increasing demand for Hatchbacks or City Cars and SUVs. The cultural shift from large families to nuclear families and buying cars to individual needs is driving the demand for these cars.

Leveraging Latest Technologies: The online platforms as well as dealerships looking for expanding their presence online, plan to implement latest technologies such as 360 degrees 3D view of the interiors & exteriors, artificial intelligence to analyse car condition through pictures and more in order to create a better user browsing experience. These technologies along with the provision of detailed inspection reports as well as services such as car financing and insurance on a single platform are expected to be a game changer in the market. 
Analysts at Ken Research in their latest publication “Indonesia Used Car Market Outlook to 2025 – By Market Structure (Organized & Unorganized), By Type of Car (MPVs, Hatchbacks, SUVs & Others), By Brand (Toyota, Honda, Daihatsu, Suzuki & Others), By Vehicle Age, By Mileage, By Customer Age and By Region (DKI Jakarta, East Java, West & Central Java, North Sumatera & Others)observed that the used cars market in Indonesia witnessed improvement in the used to new car sales ratio over the period 2014-2020. Increasing value-added service offerings, rising presence of online classified platforms and marketplaces as well as large number of financing companies offering credit for used cars are contributing to the industry’s growth. The Used Car Industry in Indonesia is expected to grow at a CAGR of ~15.7% on the basis of gross transaction value and ~14.2% on the basis of sales volume over the forecast period 2020-2025.

Key Segments Covered

Indonesia Used Car Market (On the basis of GTV)
Indonesia Used Car Market (On the basis of Sales Volume)

Indonesia Used Car Market Segmentations (On the basis of Sales Volume)

   By Market Structure (On the basis of Sales Volume & GTV)

  • Organized
  • Unorganized

   By Type of Car

  • MPVs
  • Hatchbacks
  • SUVs
  • Others

    By Brand

  • Toyota
  • Honda
  • Daihatsu
  • Suzuki
  • Others

    By Vehicle Age

  • Less than 1 year
  • 1-3 years
  • 3-5 years
  • 5-8 years
  • More than 8 years

    By Mileage

  • Less than 20,000 Km
  • 20,000-50,000 Km
  • 50,000-80,000 Km
  • 80,000-120,000 Km
  • More than 120,000 Km

    By Regions

  • DKI Jakarta
  • East Java
  • West & Central Java
  • North Sumatera
  • Others

    By Age Group of Buyers

  • 18-30 Years
  • 30-50 Years
  • More than 50 Years

Organized Used Car Market

   By Sales Channel

  • Multi-Brand Showrooms
  • OEM-Certified & Authorized Dealership Outlets
     

Unorganized Used Car Market

   By Sales Channel

  • Customer to Customer (C2C)
  • Local Dealerships

Dealerships Covered

  • Mobil88
  • Toyota Trust (PT Astra Auto Trust)
  • Hyundai Auto Safe (PT Hyundai Mobil Indonesia)
  • Suzuki Auto Value (PT Suzuki Indomobil)
  • Diamond Smart Auto ((PT Mitsubishi Motors Krama Yudha Sales Indonesia)
  • PT Tunas Ridean Tbk

Online Auto-Classifieds/Platforms Covered

  • OLX Indonesia
  • Mobil123
  • Carmudi
  • Oto.com
  • Carsome
  • Carro

Key Target Audience

  • Car Dealerships
  • Car Manufacturers
  • Car-Rental and Leasing Companies
  • Online Auto Classified Companies
  • Industry Associations
  • Regulatory Bodies
  • Used Car Auction Companies
  • Banks & NBFCs

Time Period Captured in the Report:-

  • Historical Period: 2014-2020
  • Forecast Period:  2021-2025

Key Topics Covered in the Report 

  • Macroeconomic Overview and Overall Automotive Demand in Indonesia
  • Overview and Genesis of Indonesia Used Car Industry
  • Trends and Growth Drivers in the Industry and Challenges Faced
  • Indonesia Used Car Market Size and Segmentations, 2014 – 2020
  • Ecosystem and Value Chain of Used Car Industry
  • Customer Decision Making Parameters & Brand Perception Mapping
  • Cross Comparisons between Major OEM-Certified, Authorized & Multi-Brand Dealerships as well as Online Auto-Classifieds/Platforms and Company Profiles
  • Future Market Size and Segmentations, 2020-2025F
  • Covid-19 Impact on the Industry, the Way Forward & Upcoming Online Business Models
  • Indonesia Used Car Market
  • Indonesia Used Car Market GTV
  • Indonesia Used Car Market Revenue
  • Indonesia Used Car Industry
  • Indonesia Pre-Owned Car Market Size
  • Indonesia Pre-Owned Car Demand
  • Indonesia Used Car Sales
  • Indonesia Used Cars Import Regulations
  • Indonesia Used Car Dealers
  • Indonesia Used Car Exchange
  • Toyota Used Car Sales Indonesia
  • Honda Used Car Sales Indonesia
  • Daihatsu Used Car Sales Indonesia
  • Suzuki Used Car Sales Indonesia
  • Indonesia Auto Finance Market
  • Indonesia Used Car Finance Market
  • Indonesia Used Car Loans
  • Mobil88 Used Car Sales
  • JBA Bidwin Used Car Sales
  • Indonesia Used Car Competition
  • Online Used Car Sales Indonesia
  • Covid-19 Impact Used Car Sales Indonesia
  • Used Car Sales Decline Indonesia 2020

For more information on the research report, refer to below link:

Indonesia Used Car Market Outlook to 2025

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