Indonesia March 2024: Daihatsu Sigra (+12.9%), Toyota Kijang Innova (+36.1%) defy sinking market

The Daihatsu Sigra threepeats at #1 in Indonesia.

New vehicle wholesales in Indonesia sink -26.1% year-on-year in March to just 74,724 units, leading to a Q1 volume off -23.8% to 215,069. Meanwhile retail sales drop -14.8% to 82,092 and are down -14.9% year-to-date to 230,776. In the wholesales brands ranking, Toyota (-28.3%) loses even more ground than the market to 28.3% share vs. 30.5% so far this year, followed by Daihatsu (-16.8%) performing much better. Mitsubishi (-12.9%), Suzuki (-20.9%) and Isuzu (-23.3%) also resist relatively well while Wuling (-30.7%) is up to #8 and the only Top 10 manufacturer in positive YTD. Retail-wise, Toyota (-12.9%) and Daihatsu (-6.2%) both beat the market as do Mitsubishi (-13.3%) and Suzuki (-14.2%). The performer of the month is Wuling (+11.2%) at #6.

Looking at the models ranking, the Daihatsu Sigra (+12.9%) defies the plunging market to threepeat at #1 with a commanding 7.6% share. It cements its year-to-date leadership at 7.8% of the market. The Honda Brio (-23.3%) stays in 2nd place while the Toyota Kijang Innova (+36.1%) soars to #3. The Daihatsu Gran Max Pikap (-1%) is almost stable at #4, with the Toyota Calya (-9.3%) the only remaining Top 10 model to outrun the market. The Wuling Binguo (#26) is the most successful recent launch above the Toyota Yaris Cross (#30) and Chery Omoda E5 (#31).

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

One year ago: Indonesia March 2023: Honda, Hyundai again among best performers in market edging up

Full March 2024 Top 30 All brands (wholesales and retail) and Top 155 All models (wholesales) below.