New and used car market in Indonesia
The car market size in Indonesia and the data for the number of new vehicle transactions, number of used vehicle transactions, average price for each, and total size in USD in Indonesia was compiled into this spreadsheet.
To provide the car market size in Indonesia, we obtained prices for the Toyota Avanza because it is the most popular car in the country.
For the fiscal year, which ended in March 2017, domestic passenger vehicle sales were 1,060,000 units and growth is at 4.5%. Based on this data, the 2018 market size is:
=1,107,700 units (new)
The number of sales of used vehicles in the country was 380,000 units per month, reported in 2017. This equals to 4,560,000 used vehicles sold in the whole year (380,000*12 months). Based on this data, and the same growth as new vehicles, the 2018 market size is:
=4,765,200 units (used).
The price of new Toyota Avanza ranges between Rp 215 million — Rp 238,8 million, which is on average Rp 226,9 million.
The price of used Toyota Avanza ranges between Rp 95 million and Rp 155 million, which is on average Rp 125 million.
We used this currency converter to determine the prices of both new and used vehicles in USD.
1 Indonesian Rupiah =0.0000751049 USD
Average new car price — Rp 226,9 million
Average used car price — Rp 125 million
Therefore, the market size for both new and used vehicles is calculated by multiplying the number of units by the average car price, then adding together:
Market size (new and used): (1,107,700 units*$17,007.34)+(4,765,200 units*$9,369.71)=$63,487,572,610
The total car market size in Indonesia, including new car sales and used car sales, is $63,487,572,610.
The car market size in Indonesia can be found in this spreadsheet.