Indonesia Used Car Market: Competitive Landscape
Indonesia used car market faces competition in all three areas from local dealers/distributors (unorganized players), Organized distributors, and Online Distributors. In the sector automakers vying for customers not just against one another but also against unorganized rivals, the government, and OEM-authorized dealerships. The two main areas in which businesses compete are the caliber of their services and the cost at which they provide them. In order to increase Carousell's dominance in the automotive sector in Southeast Asia, the company launched Carousell Auto Group, the company's largest vertical, in April 2021, contributing a third of its revenue. Many large players have started offering services such as free test drives at the location according to the consumer's wish, easy paper works, and others.
Moreover, in order to stay ahead of the competition and expand the business, many players have started merging with other players like, Carro entered into an agreement with top Indonesian E-commerce marketplace Blibli facilitating consumers to trade in cars online as part of Carro’s strategy to redefine car buying experience in Indonesia. Carosme partnered with Southeast Asia’s leading super app Grab and launched a nationwide “Own Your Ride” campaign allowing Grab driver and delivery partners to enjoy purchase discounts and free 1 year after sale services when buying Carsome Group’s certified used cars.
Scope of the Study
The following synopsis is based on the report titled " Indonesia Used Car Market Competitive Landscape" published by Makreo Research and Consulting.
The report delves deeply into various parameters such as Present Market size, market overview, key Player insights that provide an understanding of company overview, business highlights, and financial highlights that may help market players capitalize on untapped business potential in the specific geography.
Companies covered in Indonesia Used Car Market Competitive Landscape Market Report:
o Trust Indonesia,
o Suzuki Auto Value,
o Diamond Smart Auto,
o PT Tunas Ridean Tbk,
o PT Serasi Autoraya
• Online Players:
o iCar Asia,
o Carmudi, Oto,
o OLX Autos Indonesia,
The report helps readers to gain information on the following areas:
• What is the current situation and how did the Indonesian used automobile market perform in the past?
• What is the investment scenario in Indonesia pre-owned car market?
• Who are the key market players in the used car industry in Indonesia?
• How are the players performing in Indonesia used car market?
• What are the company's key mergers and acquisitions?
• What is the funding scenario of key players in Indonesia used car market?