Car Sales Could Improve in Q3 2016: Analyst

Arif Wicaksono    •    22 Agustus 2016 17:35 WIB
Car Sales Could Improve in Q3 2016: Analyst
Illustration (Photo: MI/Ramdani), Jakarta: The national automotive industry is expected to record significant growth in the third quarter of 2016.

Daewoo Securities researcher Marini explained there are three factors that will influence car sales growth in Q3 2016: Increasing public purchasing power, decreasing down payment as well as low cost and green car (LCGC).

The Financial Services Authority (OJK) is considering to lower down payment for car up to zero percent. If it is succesfully applied in Q3 2016, it can boost car sales.

Meanwhile, LCGC is still attractive segment in the industry. There are several new LCGC products in Q3 2016.

"I think car sales growth will improve in Q3 2016," Marini said in a report received by on Sunday (8/21/2016).

Previously, Indonesian Automotive Industry Association (Gaikindo) has targeted to sell 1.05 million units this year. Car sales has reached 531,929 units or 53 percent in the first semester of 2016.