Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Positive Outlook for the Indonesian Automotive Market Reports Frost & Sullivan - Frost & Sullivan’s Mobility team forecasts Indonesia’s vehicle sales to reach 1.11 million units in 2017 at a growth rate of 5% - Frost.com
Positive Outlook for the Indonesian Automotive Market Reports Frost & Sullivan

 

PRZOOM - /newswire/ - Jakarta, Indonesia, 2017/02/02 - Frost & Sullivan’s Mobility team forecasts Indonesia’s vehicle sales to reach 1.11 million units in 2017 at a growth rate of 5% - Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive / Trucking / RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Frost & Sullivan forecasts Indonesia’s vehicle sales to reach 1.1 million units in 2017, growing at a rate of 5 per cent and riding strong domestic consumption. Indonesia’s economy is forecasted to recover from the prolonged market slump plaguing the market over the last few years.

According to Mr. Vivek Vaidya, Senior Vice President of Mobility at Frost & Sullivan, in 2017 the Indonesian economy will be in a healthier shape resulting from positive consumer sentiment, growth of private investments, robust Government spending and revival of exports.

He continued,“Government’s tight control on the fiscal situation, various stimulus packages for the economy and the much lauded tax amnesty scheme have helped boost market confidence. Going forward, fiscal prudence and continued structural reforms will be crucial to maintain the momentum and weather global headwinds.”

Launch of key models in 2H of 2016 and in 2017 is also likely to have a positive impact on the total industry volume (TIV). Promotional campaigns, in conjunction with motor shows in various cities will also stimulate demand.

Increase in global oil prices is likely to push fuel prices and cause adjustments in electricity tariffs. This could unleash inflationary pressures on the market.

“In 2017, we expect to see a clearer picture and direction of the development of the Indonesian automotive industry over the short to medium term with the finalization of several key regulations, such as the low carbon emission program and the automotive industry roadmap,” said Mr. Vaidya.

2016 Review
Strong domestic consumption helped the Indonesian automotive market grow by 4.6 per cent to 1.06 million units despite sluggish external environment, weak commodity prices and trailing private investment.

“The strong demand for Passenger cars drove the TIV growth in 2016. However, weak external sector and depressed commodity prices further shrunk the CV market, declining for the 3rd successive year,” Mr. Vaidya said.

Passenger vehicle market in 2016
Passenger Vehicle sales reached approximately 854,000 units in 2016, about 15.9 per cent higher than 2015 sales. LCGCs exhibited the highest growth in this segment with 38.3 per cent followed by SUV with 23.7 per cent and MPV with 10.3 per cent. The top three players in the Passenger car segment consolidated their market position through new model launches in key volume segments. Toyota led with a 43 per cent share in the segment, followed by Honda with 23.3 per cent and Daihatsu with 17.3 per cent.

“Toyota grew its share with the launch of the all new Calya and Sienta models while Honda continued its dream run with Mobilio, BR-V and HR-V, its product champions for 2016,” said Mr. Vaidya.

Commercial vehicle market in 2016
Mr. Vaidya said that commercial vehicle sales in Indonesia declined 25.5 per cent to 206,000 units in 2016. Government’s spending on infrastructure (such as transportation and construction) was a positive stimulus for commercial vehicles, mainly MHCVs and buses. However, global demand remained weak despite the upswing in commodity prices such as coal and palm oil towards the year-end causing businesses to hold down their fleet renewal thus impacting all CV segments.

Mr. Vaidya added,“The sluggish growth in the key mining sector caused further decline in heavy truck sales.”

The big slump in the Pickup/Small Commercial Vehicle (SCV) segment saw Suzuki and Daihatsu shares slip to 20.4 per cent and 19.7 per cent respectively. Mitsubishi continues to be the market leader with 35.9 per cent of share while Hino and Isuzu were able to gain further share to 10.5 per cent and 7.2 per cent respectively, with their segment focus and competitive pricing..

The Frost & Sullivan Mobility practice provides global market intelligence, prescriptive research to execute market growth opportunities, and tailor-made advisory services within the personal and freight mobility market.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive / Trucking / RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive / Trucking / RV articles,
CATCH Visitors via Your Competitors Announcements!


Positive Outlook for the Indonesian Automotive Market Reports Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Automotive Market | Frost & Sullivan
Contact: Fuad Misbah - Frost.com 
+62 859 4554 0632 fuad.misbah[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive / Trucking / RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Automotive / Trucking / RV Most Recent Related Press Releases:

Volvo Cars and DiDi Partnership to Bring Autonomous Taxi Fleets Closer to Realization
ABB and Amazon Web Services Steer Fleets to An All-electric Future
Uptake Recognized by Frost & Sullivan for its Predictive Modeling Solutions for Medium-to-heavy-duty Vehicles
LANXESS Unveils First Plastic Transmission Oil Pan for Cars
Human Horizons Works with JOYNEXT, Quectel and Qualcomm to Feature Intelligent In-Vehicle Experiences in New HiPhi X Sports Utility Vehicles
Platform Science’s Connected Vehicle Platform for Enterprise Fleets Acclaimed by Frost & Sullivan
ABB Lights Up e-Mobility in Diriyah
Wrightbus Equips its Second Generation of Electric Buses with Voith Electrical Drive System
Visteon and ECARX to Develop Intelligent Cockpits for Global Automotive Industry Using Qualcomm Solutions
Frost & Sullivan Experts Present a Strategic Outlook of the Global Automotive Industry in 2021

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com







 
  ©2021 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today