Indonesia February 2024: Daihatsu Sigra repeats at #1 in struggling market

The Daihatsu Sigra is the best-selling model in Indonesia for the 2nd month running.

The new vehicle wholesales market in Indonesia dives -18.7% year-on-year in February to just 70,657 units, leading to a year-to-date volume off -22.5% to 140,274. Retail sales are down -16.3% to 70,291 and -15% year-to-date to 148,649. Wholesales-wise, brand leader Toyota (-13.9%) falls slower than the market to an improved 33.3% share, followed by Daihatsu also in good shape in context at -7.2% to 21.4% share. In contrast Honda (-36.8%), Suzuki (-32.7%), Hyundai (-19.7%), Fuso (-31%) and Hino (-32.6%) all crater. Mitsubishi (-13.5%), Isuzu (-17.1%) and Wuling (-1.3%) resist. Below, Chery (+281.4%) stays at #11 while MG (+51%) climbs to #14 and Lexus (+283.3%) ranks #16 like last month.

In the retail brands charts, Toyota (-12.3%) and Daihatsu (-12.9%) resist somewhat to 31.5% and 21.1% share whereas Honda (-25.3%) underperforms at #3. Wuling (-2.5%), Isuzu (-11.4%) and Mitsubishi (-14.7%) post the best holds in the remainder of the Top 10. Further down, Lexus (+246.2%), Chery (+238.8%), MG (+86.9%) and BMW (+11.4%) stand out.

Looking at the models ranking, the Daihatsu Sigra (+7.6%) defies the negative market to repeat at #1. It is the nameplate’s 7th time at the helm of the Indonesian models charts after April 2020, June 2022, December 2022, May 2023, June 2023 and January 2024. The Honda Brio (-17.3%) stays at #2 vs. #4 over the Full Year 2023, followed by a struggling Toyota Avanza (-24.3%). The Toyota Rush (+2.7%) and Kijang Innova (+12.9%) shine to round out the Top 5. The Daihatsu Terios (+4.4%) is the only additional gainers in the remainder of the Top 10.

Previous month: Indonesia January 2024: Daihatsu Sigra best-seller, Wuling Binguo up to #12

One year ago: Indonesia February 2023: Honda, Hyundai highlight market up 7.4%

Full February 2024 Top 30 All brands (wholesales and retail) and Top 149 All models (wholesales) below.