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Indonesia February 2023: Honda (+26%), Hyundai (+25.9%) highlight market up 7.4%

The new WR-V helps Honda up in February.

New vehicle wholesales in Indonesia climb 7.4% year-on-year in February to 86,954 units, leading to a year-to-date volume up 9.6% to 181,077. Retail sales are up 20% to 83,973 for the month and up 17.7% year-to-date at 174,845.

Looking at wholesales by brand, Toyota (+9.9%) slightly outpaces the market to a splendid 31.4% share vs. 31.1% so far this year. Daihatsu (+8.2%) is also solid at 18.7% in 2nd place but both are outmanoeuvred by Honda (+26%) and Suzuki (+10%), the later overtaking Mitsubishi (-30.8%) in freefall. Fuso (+42.4%), Hyundai (+25.9%) and Hino (+24.7%) also impress in the remainder of the Top 10 whereas Wuling (-39.4%) skids. Below, Mazda (+624.1%) posts a surreal gain with Volkswagen (+138.1%) and BMW (+39.3%) also in great shape yet with small volumes.

Retail-wise, all Top 12 carmakers bar Mitsubishi (-25.7%) post at least double-digit year-on-year lifts. Toyota is up 19.2% to 30.1% share, Daihatsu up 29.7% to 20.3% and Honda up 42.4% to 14.4%. Mazda (+250.6%), Hyundai (+63.9%), Hino (+54.2%) and Mercedes (+48.2%) fare best near the top while further down, Kia (+78%) and Scania (+315.8%) stand out.

Over in the models aisle, the Honda Brio (+0.7%) isn’t taking advantage of the market growth but nevertheless remains in first place, just above the Toyota Avanza (+81.8%) surging ahead year-on-year. In third position the Daihatsu Sigra (+108.2%) does even better and doubles its sales year-on-year. The Daihatsu Gran Max Pikap (+40%) is also in great shape at #4 both for the month and YTD. The Toyota Calya (+67.6%) and Honda HR-V (#8) shine below.

Previous month: Indonesia January 2023: Hyundai (+233.4%), Honda (+44.7%) highlight market up 11.9%

One year ago: Indonesia February 2022: Hyundai (+1279.3%) posts surreal uptick in market up 65.1%

Full February 2023 Top 25 all brands (wholesales and retail) and Top 140 all models (wholesales) below.

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