The Indonesia Used Car Market size was estimated at USD XX billion in 2020 and is expected to hit around USD XX billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.00% from 2022 to 2030.
Indonesia Used Car Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
Vehicles that have previously been owned and used by another person or entity and are being sold or traded to a new owner are referred to as used cars. These vehicles are typically sold at a lower price than new vehicles, making them a more affordable option for those looking to purchase a vehicle.
Used cars can be found in a range of conditions, from nearly new to very old and worn. Some used vehicles may have been well-maintained and kept in good condition, whereas others may have been neglected or involved in accidents. It is important for buyers to carefully inspect and test drive used cars before purchasing, to ensure that they are in good condition and meet their needs.
Used cars may have some wear and tear or cosmetic damage, such as dents or scratches, which can reduce their value. However, if they can get a good deal on the vehicle, some buyers may be willing to overlook these issues. Furthermore, some used cars may still have manufacturer warranty or service agreements, which can provide buyers with additional peace of mind.
The used car market in Indonesia has been steadily growing in recent years, owing to a variety of factors including an increasing middle-class population, improving economic conditions, and the need for affordable transportation. With over 270 million people, Indonesia is the world's fourth most populous country, and the demand for used cars is driven by its large population and the need for transportation for work and daily activities.
The high cost of purchasing new cars in Indonesia also drives the used car market, as import taxes and registration fees for new cars can be quite high. As a result, many people choose to buy used cars as a more cost-effective option. Furthermore, the scarcity of public transportation in many areas of the country contributes to the demand for used cars.
Toyota, Honda, and Daihatsu are the most popular brands in the Indonesian used car market, and they are known for their dependability and affordability. Suzuki, Mitsubishi, and Nissan are also popular brands. The majority of used cars sold in Indonesia are still petrol-powered, although there is a growing demand for electric and hybrid vehicles.
In Indonesia, the used car market is largely unorganised, with many small dealerships and private sellers operating. However, in recent years, some larger chains and online marketplaces have emerged that provide greater transparency and standardised pricing. Overall, the Indonesian used car market is expected to expand in the coming years, owing to the country's expanding middle class and rising demand for affordable transportation.
Market Breakup: By Vehicle Types
Market Breakup: By Booking Channel
Market Breakup: By Financial Providers
The Indonesian used car market is highly fragmented, with many small and medium-sized players operating across the country. The market is concentrated in major cities with high levels of car ownership and a large population, such as Jakarta, Surabaya, and Bandung.
West Java is Indonesia's most populous province and has a sizable used car market. Bandung, the capital city of West Java, is well-known for its automotive industry, with numerous dealerships selling both new and used vehicles. West Java's growing middle-class population and the need for affordable transportation drive the demand for used cars. Toyota, Honda, and Daihatsu are popular used car brands in this region.
East Java is Indonesia's second-most populous province, with a thriving agricultural and manufacturing industries. The region's large population and the need for transportation for work and daily activities drive the demand for used cars. Surabaya, the capital city of East Java, has a sizable used car market with a diverse selection of brands. Toyota, Honda, and Suzuki are well-known brands in this area.
Central Java is the third-most populous province in Indonesia, located in the centre of the island. This region has a large agricultural industry and several universities, which attract a large student population. The growing middle-class population and the need for affordable transportation drive the used car market in Central Java. Toyota, Honda, and Mitsubishi are well-known used car brands in this area.
North Sumatra is located on the Indonesian island of Sumatra and has a sizable used car market. The region's large population and the need for transportation for work and daily activities drive the demand for used cars. Medan, the capital city of North Sumatra, is an important trade and commerce hub with a thriving used car market. Toyota, Daihatsu, and Honda are well-known used car brands in this area.
Banten is a province on Java Island's western tip that is home to several industrial estates and seaports. The region's growing industrial and manufacturing sectors, as well as its proximity to Jakarta, drive demand for used cars. Toyota, Honda, and Daihatsu are popular used car brands in this region.
Market Breakup By Region
The Indonesia Used Car Market competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Indonesia Used Car marketplace.
Major players operating in the Indonesia Used Car Market are:
Indonesia Used Car Market Research Report, 2020-2031.
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