Indonesia Market Summaries 16 July 2013

Japanese car manufacturer, Nissan, began to introduce low cost green car (LCGC) Datsun GO, the price of Datsun GO type in India today are INR400.000 or USD 6.700 or around IDR 67 million. In Indonesia, distributor for Nissan and Datsun is PT Indomobil Sukses Internasional Tbk (IMAS, Rp5.350, BUY, TP Rp6.000).

Cars with a capacity of five people was also the first Datsun LCGC which will be released in 2014 in Indonesia, Russia, and South African. Next the LCGC is a versatile type (multi-purpose vehicles / MPV) with a capacity of 7 people. Other manufacturers which is planning to release a 7 MPV capacity is Honda, while the other principals such as Toyota, Daihatsu, and Suzuki has not revealed similar plans.

While the market share of automotive vehicles (4W) PT Astra International Tbk (ASII, Rp6.650, NEUTRAL, TP Rp7.300) and IMAS down in June. The decline occurred even the car sales in the industry increased by 4.7% MoM and 2.5% YoY to 104.265 units.

The increase was supported by higher sales by Suzuki (+55.7% mom) and Mitsubishi (+11.7%), meanwhile Toyota (-3.2% mom), Daihatsu (-6.6% mom), Nissan (-8.1% mom), and Honda (-9.2% mom).

As a result of that achievement, ASII market share fell to 50.9% in June (down by -4.4 percent points MoM and -2.6 percent points YoY) or 53.4% during the semester I/2013 (down -3.0 percent points). For IMAS (just Nissan), its market share also fell to 5.2% in June (down -0.7 percent point MoM and -0.5 percent points YoY) and amounted to -1.2 percent points throughout the semester I/2013.
For the semester I/2013, car sales are recorded as many as 601 952 units (up +12.5% YoY), which is 47.8% from the target of 1,259,008 units this year, compared with the realization of 48%. Sales in the quarter II/2013 rose 3.4% quarter on quarter (QoQ) or 7.6% year on year (YoY) to 306,036 units.

for Indonesia Market Summaries 16 July 2013