MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / 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!

Indonesia Automotive Market to Experience Steady Growth in 2018, Driven by Positive Consumer Sentiment Notes Frost & Sullivan - Frost & Sullivan’s Mobility team forecasts Indonesia’s vehicle sales to grow 4.6% in 2018, with commercial vehicles performing well - Frost.com
Indonesia Automotive Market to Experience Steady Growth in 2018, Driven by Positive Consumer Sentiment Notes Frost & Sullivan

 

NewswireToday - /newswire/ - Jakarta, Indonesia, 2018/01/19 - Frost & Sullivan’s Mobility team forecasts Indonesia’s vehicle sales to grow 4.6% in 2018, with commercial vehicles performing well - 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!


 

The Indonesia automotive market is expected to remain resilient in 2018. Vehicle sales are likely to reach 1.125 million units at a growth rate of 4.6%. Among the sectors, commercial vehicles are expected to be in high demand, along with steady growth in LCGCs and MPV segments.

Mr. Vivek Vaidya, Senior Vice President of Mobility at Frost & Sullivan says the long term factors such as GDP growth rate, favorable demographics and low car park per thousand point towards a strong long term growth rate. However, we need to focus on 2018 specific factors to understand the dynamics.

He added,“The upcoming car launches with new models, facelifts and variants especially for some key market models in MPV segments are expected to drive the sales. The Commercial Vehicle market will still continue to be fueled by demand in construction and infrastructure segment.”

He also added,“There is lot of pent up demand in commercial vehicles segment. Due to production shortage the entire demand in 2017 could not be fulfilled, this demand is going to spill over to 2018 boosting the commercial vehicles sales, further.”

The consumer sentiment is expected to remain positive in 2018 largely due to positive economic outlook, stable exchange rate and reduction in prime lending rate. In fact the cut in prime lending rate by 0.5% which took place in 2017 is likely to have strong impact in 2018. Lower lending rate would spur demand and automotive sector would be benefited by this favorable fiscal incentive, he added.

Only negative factors in 2018 are pressure to contain fiscal deficit and likely changes in energy prices. Fiscal deficit still stands at about 2.2% of GDP, which may put pressure on tax revenues prompting stricter compliance and use of other means to boost tax revenues.

2017 Review
Vehicle demand in Indonesia is expected to grow by 1.2 per cent in 2017. The trends in passenger cars and commercial vehicle were quite contrasting. Passenger cars declined by 2.6% despite new model launches and high consumer confidence, on the other hand commercial vehicles increased by whopping 17.1% largely due to demand from construction and mining segment.

Passenger vehicles market share by OEMs in 2017
Despite strong long term growth indicators like GDP growth rate and strong demographics, passenger car sales declined. New exciting launches like Mitsubishi Xpander, Toyota Innova facelift, Suzuki Ertiga facelift didn’t help either. Only LCGC segment turned out to be a bright spot in the gloomy passenger vehicles market. LCGC segment grew by 6.3%.

Mr. Vaidya commented that this shows that despite high consumer confidence indicators and long term growth trends, customers are being conservative and are buying value offerings. LCGC MPV models also may be challenging the MPV segments due to attractive pricing.

Commercial vehicles market share by OEMs in 2017
Mr. Vaidya observed that strong demand in commercial vehicles was due to strong show in mining, manufacturing and construction segment.

He added,“Mitsubishi and Hino gained from huge demand for medium and heavy trucks. However, the slowing retail and consumer sectors restrained demand for pick-ups and light trucks.”

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!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday 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!


Indonesia Automotive Market to Experience Steady Growth in 2018, Driven by Positive Consumer Sentiment Notes 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 NewswireToday and LINK as the source.
 
Publisher Contact: Melissa Tan - Frost.com 
+65 6890 0926 melissa.tan[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY 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 Articles From Frost & Sullivan / Company Profile


Read Automotive / Trucking / RV Most Recent Related Newswires:

Technological Advancements Are Propagating the Global Induction Motor Market At 11.76% CAGR by 2027 Reports Inkwood Research
The Global Automotive Blockchain Market is Advancing At a CAGR of 45.01% by 2027 Reports Inkwood Research
Global Advanced Driver Assistance System Market At 19.01% CAGR by 2026 Reports Inkwood Research
KRAIBURG TPE Introduces THERMOLAST® K Family - Excellent Weatherproof Material for Automotive Exterior Application
KRAIBURG TPE to Present New TPE Compounds for Consumer and Automotive Applications At K-2019 Düsseldorf
MAN Publishes The 2018 CR Report
Cinemo Acclaimed by Frost & Sullivan for its Modular and Feature-rich In-vehicle Infotainment Systems
PPG Expands PPG ONECHOICE UV Primer System to Cut Spot Repairs to Minutes
Carbon-fiber Composite Manufacturers Must Focus on Cutting Costs to Drive Sluggish Adoption Rates Finds Frost & Sullivan
High-efficiency Powertrains that Lower Emissions to Enjoy Greater Growth Opportunities in 2019 Finds Frost & Sullivan
Frost & Sullivan Intelligent Mobility Forum to Explore How Automakers Are Future-Proofing their Portfolios
Automakers that Focus on Energy-efficient Vehicles Best Poised to Leverage Government Subsidies Says Frost & Sullivan
New Flyer Announces Robotic Research Partnership to Revolutionize Public Transit Using Autonomous Bus Technology
High Adoption of Electric Vehicles in China Attracts OEMs Looking to Expand their Global Footprint Finds Frost & Sullivan
Volkswagen Relies on Infineon for its Electric Future

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | 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 entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)