2015 Indonesian Automotive Market Outlook
The 2014 total industry volume (TIV) reached million units, mainly due to a % decline in commercial vehicle (CV) demand.
Despite low sales, Indonesia emerged as the largest market in ASEAN.
A slowdown in exports, a weakening Rupiah, a stagnating economy, and a rollback of subsidies were the key market trends witnessed in 2014.
The passenger car segment remained stagnant. Low-cost green cars (LCGCs) demonstrated significant growth, capturing the share of other segments.
The decline in CV demand was mainly due to the % drop in truck sales in 2014; this dip was seen across all tonnage points.
The overall market was further consolidated, with the top participants reaching a combined share of % in 2014.
About this report
This study offers an overview of the Indonesian automotive market in 2014 and 2015. It discusses 2014 trends and provides a forecast for 2015. The insight also analyzes market growth factors for 2015 to 2020, and it includes an executive summary discussing the key findings, the major developments in 2014, the details of Indonesia's Low Carbon Emission (LCE) Program, an outlook for 2015, and key conclusions.
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