The Market is Still Sluggish, Toyota Confidently Dominates the Automotive Market Share in Indonesia for 2024

"The Market is Still Weak, Toyota Confident in Dominating Indonesia's Automotive Market Share in 2024"

"Dream - PT Toyota Astra Motor (TAM) is optimistic that the automotive market will regain its enthusiasm in the remainder of the 2024 quarter. Until the first half of this year (January-June 2024), the market share of the national automotive industry for the wholesale segment is known to have decreased to 19.4 percent."

The Market is Still Sluggish, Toyota Confidently Dominates the Automotive Market Share in Indonesia for 2024

The Marketing Director of Toyota Astra Motor, Anton Jimmi Suwandy, assesses that the decline in the market share of the national automotive industry is a normal occurrence amid an election year. "It's unfortunate that our market (retail) this year, from the beginning of the year until June, has experienced a decline. So if we look at this, the retail market is 431 thousand. If we multiply that by two, it doesn't reach 900 thousand," he stated at the Mitsubishi Motors booth at GIIAS 2024, ICE BSD Tangerang, quoted on Thursday, July 25, 2024. Although it is currently sluggish, Anton is always confident that the potential of the Indonesian market is still large and will grow after the election season ends.

"I actually saw that a few months ago it wasn't good compared to last year, but the trend has started to not drop drastically anymore. The decline is starting to slow down. So hopefully starting this month, next month, and onwards the market will rise. I can't comment on other brands, but at least for Toyota's sales, we are still stable, quite good,"

The translation of "kata Anton." to English is "Anton said."

The optimism is reflected in the enthusiasm of visitors at the GIIAS 2024 event. The parking area of GIIAS is filled with visitors' vehicles even on weekdays. "In this second semester, the global power of the economy, such as exhibitions and also politics, I think will create a multi-up in the second semester... Especially at GIIAS, there are many new models coming out, I think this generates public interest," he stated.

"Amid the downturn of the national automotive industry market, Toyota is grateful to still maintain its top market share position. Even the market share of Toyota for the period of January-June 2024 grew to 32.9 percent from previously 31.4 percent in the same period in 2023."

"Outside of that, we are also grateful that Toyota this year, amidst tough competition, we are still able to maintain our position at number one and our market share has even increased to 32.9%. Compared to last year, from January to June, the market share was only 31.4%. So the increase is quite significant, and hopefully this can continue until the end of the year,"

The translation of "terang Anton." to English is "bright Anton."

"The good news also comes from Toyota's electrified vehicles that are attracting public attention. Sales of Toyota electric vehicles reportedly skyrocketed by 74 percent in 2024 with a market share of 45.8 percent for xEV models."

"Indeed, when compared to the total market, it is still not very large, but we see the trend of its movement is getting higher,""
The translation of "ungkap Anton." to English is "reveal Anton."

The text "Dream.co.id." does not require translation as it is a domain name and remains the same in English. If you need it to be formatted with HTML tags, please specify the tags you would like to use. For example: ```html

Dream.co.id.

```

"Anton explained that electrification has become a significant contributor to the company's vehicle product sales. In 2019, electric vehicle sales, including electrified models, hybrids, plug-in hybrids, and BEVs, did not reach 1,000 units. However, in 2022, there was an extraordinary surge in purchases amounting to 16,000 units. A significant spike also occurred in 2023 when Toyota recorded sales of 65,000 units."

Tengku Firmansyah

So Becoming a Welder in Canada, Tengku Firmansyah's Salary is Astonishing

A 46-year-old man from Bandung, West Java revealed that his current profession is a welder.

"The Market is Still Weak, Toyota Confident in Dominating Indonesia's Automotive Market Share in 2024"

"Indeed, when compared to the total market, it is still not very large, but we see the trend of its movement is getting higher,""The translation of "ungkap Anton." to English is "reveal Anton."

"Indeed, when compared to the total market, it is still not very large, but we see the trend of its movement is getting higher,""
The translation of "ungkap Anton." to English is "reveal Anton."