skip to Main Content

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.

This content is for Platinum members only.
Log In Register
Back To Top