Urgent.News

What's breaking now, across thousands of outlets.

Business

Indonesian vehicle sales surge 32% in August

Indonesian vehicle sales surge 32% in August

Indonesian vehicle sales soared by 32% in August 2026 compared to the same month last year, reaching 81,756 units, according to wholesale figures from the local automotive body Gaikindo. Trucks and battery electric vehicles (BEVs) fueled the demand surge. Year-to-date, vehicle sales in the nation climbed 20% to 599,491 units in the first eight months of 2026, after dropping 11% year-on-year to 499,315 units.

Light passenger vehicle sales rose over 13% to 437,374 units, while commercial vehicle sales increased by 42% to 162,117 units. The truck market benefitted from government initiatives to procure vehicles for rural cooperatives and enhance local logistics networks, with light- and medium-duty trucks seeing a 54% jump to 131,813 units.

BEV sales nearly doubled to 103,300 units year-to-date, up from 53,100 units in the comparable period last year, propelled by Chinese brands and government tax incentives. GDP growth slowed to 5.3% year-on-year in Q2 2026, down from a peak of 5.6% in Q1, driven by government spending and investment. Private consumption growth moderated to 5.1% from 5.5%.

Toyota led the market with a 9% rise to 175,931 units, while Daihatsu sales jumped 19% to 100,884 units after a sharp decline last year. Suzuki sales grew over 22% to 47,908 units due to new model releases, and Mitsubishi Motors saw a 2% increase to 43,753 units. BYD entered the top five with a 98% sales surge to 37,696 units, outpacing Honda, which saw a 37% drop to 26,437 units.

Mitsubishi-Fuso also experienced strong growth, with sales jumping 76% to 27,386 units, largely benefiting from the government's rural logistics program. Nationwide vehicle production rose 13% to 859,256 units in the first eight months of 2026, while exports of fully assembled vehicles increased slightly to 337,372 units. GlobalData predicts Indonesia light vehicle sales will rise by 3% to 770,000 units in 2026, with a slight decline to 765,000 units in 2027.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at finance.yahoo.com →

More in Business

More from Wednesday 16 September →