Indonesia March 2023: Honda (+30%), Hyundai (+55.4%) again among best performers in market edging up

Honda HR-V sales are up 165.8% year-on-year thanks to the new model.

March wholesales in Indonesia edge up 2.5% over the same month a year ago to 101,048 units. This is the highest March volume since 2018 (101,666). The Q1 tally is up 6.9% to 282,125. Meanwhile retail sales are up 7.2% for the month at 96,319 units and up 13.8% YTD to 271,168.

In the wholesales brand ranking, Toyota (-11.6%) remains ultra dominant with 29.2% share despite going against the market with a double-digit drop. In contrast Daihatsu (+13.9%) and Honda (+30%) are in outstanding shape and complete the podium. Note these three manufacturers represent 65.6% of the Indonesian market in March, 66.4% year-to-date. Four of the next six Top 10 members vastly outpace the market with double-digit gains: Fuso (+125.7%) is the most dynamic followed by Hyundai (+55.4%), Hino (+34.2%) and Wuling (+20%).

Looking at the retail charts, Toyota (-3%) is even more dominant with 31.2% share and just above 30,000 units sold for the month. Daihatsu (+13.4%) and Honda (+53%) also shine with Hyundai (+102.7%), Fuso (+14.9%) and Hino (+8.4%) beating the market. Isuzu (+6.5%) is just below the overall growth, whereas Suzuki (-1.7%) and Wuling (-16.3%) struggle.

We have a very stable Top 5 models, unchanged on last month. The Honda Brio (+54.1%) surges ahead to hold onto the top spot with 6.5% share ahead of the Toyota Avanza (-7.3%), Daihatsu Sigra (+84.1%), Gran Max Pikap (+3.3%) and Suzuki Carry Pikap (-2.4%). The Mitsubishi Xpander (+4.1%) edges past the market growth with the Honda HR-V (+165.8%) and Daihatsu Ayla (+171.3%) delivering the biggest year-on-year rises in the Top 35.

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

One year ago: Indonesia March 2022: Toyota Kijang Innova takes control, volumes up 16% year-on-year

Full March 2023 Top 28 All brands (wholesales and retail) and Top 145 All models (wholesales) below.