Executive Summary
The Indonesian Used Cars Market currently is witnessing a dynamic growth driven by evolving consumer demand, growing population, rising middle income and better financial deals. In recent times, the competitive environment in the Indonesian used car market has been influenced by various trends and factors. Multi-purpose vehicles, or utility vehicles, are the primary choice in the used car market in Indonesia, as they are more suitable for accommodating large families.
A significant evolution in the country's used car market has been observed in its organized structure, featuring OEM authorized dealerships and multi-brand showrooms offering a diverse range of used cars. Additionally, there has been a shift in buyer preference from local dealers to online platforms specializing in used cars, as these platforms are being more trusted by the young population in the country.
Mergers, acquisitions, and strategic investments among major players are reshaping the competitive landscape in the country. These partnerships are aimed at leveraging each other's strengths, improving market capabilities, and delivering comprehensive solutions to customers. The sales of used cars are prominent in the most populated and urban cities in Indonesia like Jakarta and East Java. As more people participate in the workforce, there is a surge in demand for personal vehicles.
Overall, the used car market is a dynamic and competitive industry, anticipated to experience rapid growth in economically developing countries like Indonesia. Companies that prioritize affordability, sustainability, and technological advancements are likely to seize emerging opportunities and establish a competitive advantage in the evolving environment of the used car market.
Future Growth Outlook
Indonesia used car market is poised for expansion, driven by several trends, including growing digitization in sales, a wider range of financing choices, and the growing population and economy of the country. Moreover, the increase in the availability of various finance providers extending credit for used cars will also contribute to the expansion of the used car market in Indonesia. Companies that invest in sustainable practices and easy, fast, and efficient locating of services in the country are expected to thrive in this dynamic market.
Scope of Work
Makreo Research has released a competitive study on title “Indonesia Used Car Market Competitive Landscape" report providing a thorough coverage of key players in the Indonesia Used Cars Market, with a particular focus on companies like Carsome, mobil88, OLX Indonesia, Toyota Trust (PT Astra Auto Trust), PT Tunas Ridean Tbk and PT Serasi Autoraya (SERA). These companies represent a wide range of participants within the market. The report explores various aspects related to these companies and the industry as a whole, covering aspects such as: M&A, Funding/Investments, Company profiles. In summary, the report provides a thorough and insightful examination of the competitive landscape in the Indonesian used car market, covering major companies, their significant business highlights, and their recent financial engagements. This information aims to equip stakeholders and industry professionals with a thorough understanding of the evolving dynamics within the rapidly growing and evolving used car market in Indonesia.
Competitive Landscape
Companies Covered
Key Questions Answered
Table of Content
Report Synopsis
Competition Overview|
Objective of the Study
1. Indonesia Used Car Market - Competitive Landscape
1.1. Indonesia Used Car Market: Competitive Landscape
2. Indonesia Used Car Market - Funding Timeline
2.1. Funding Timeline
3. Indonesia Used Car Market - Mergers /Acquisitions/ Investments
3.1. Market Mergers /Acquisitions/ Investments
4. Indonesia Used Car Market - Company Profiles
4.1. Company Profile: Carsome
4.2. Company Profile: mobil88
4.3. Company Profile: OLX Indonesia (Prosus)
4.4. Company Profile: Toyota Trust (PT Astra Auto Trust)
4.5. Company Profile: PT Tunas Ridean Tbk
4.6. Company Profile: Oto.com (PT. Carbay Services Indonesia)
4.7. Company Profile: iCarAsia
4.8. Company Profile: PT Serasi Autoraya (SERA)
Limitations
List of Figures & Tables
Indonesia Used Car Key Players Positioning by Sales Volume, 2022
Carsome Total Revenue, FY’21-FY’22
Carsome Key Financial Indicators, FY’22
PT Serasi Pre-Owned Car Sales Business Line, FY’21 - FY’22
PT Serasi Pre-Owned Car Sales Net Revenue Contribution, FY’’18 - FY’22
PT Serasi Net Profit Composition of Pre-owner Car Sales, FY’18 - FY’22
Prosus Global Revenue of Classified Segment, FY’2021 & FY’2022
PT Astra International Tbk Global Revenue in 2018- 2022
PT Astra International Tbk Global Key Financial Indicators, 2018 - 2022
PT Tunas Ridean Tbk Net Revenue and Net Profit, 2020 - 2022
PT Tunas Ridean Tbk Financial Ratios, 2020 – 2022
PT Tunas Ridean Tbk Financial Income from Business Segments, 2020 - 2022
iCarAsia Revenue, FY 2016 - FY’2020
iCar Asia Segment Revenue by Business Segment, 2020
iCarAsia Geographical Markets, 2020
PT Serasi Autoraya (SERA) Revenue, 2020 - 2022
PT Serasi Autoraya (SERA) Revenue, 2021 - 2022
PT Serasi Autoraya (SERA) Financial Ratios, 2020 - 2022