11.11.202502:08:30UTC+00Indonesia Car Sales Drop 4.4% in October

In October 2025, new car sales in Indonesia experienced a 4.4% year-on-year decline, amounting to 74,019 units. This decline was notably less severe than the 15.1% drop seen in September. Despite this being the sixth month in a row where sales decreased, October's figures represent the smallest decline in that period and the highest sales volume since December of the previous year. Over the January to October period, vehicle sales fell by 10.6% compared to the same timeframe in 2024, reaching a total of 635,844 units. According to the Association of Indonesian Automotive Industries (GAIKINDO), car sales for 2025 are expected to range between 850,000 and 900,000 units, with a possible downside nearing 750,000 units. On a month-to-month basis, sales saw a significant increase of 19.2% in October, compared to a modest 0.5% rise in September. This marks the fourth straight month of sales growth, spurred by a cumulative 150-basis-point reduction in interest rates by the central bank since September 2024, leading to the lowest rates since 2022.