Tuesday, December 6, 2022

Email id: support@kenresearch.com, Contact Us : +91-9015378249

Home Banking Financial Services and Insurance Rising Automobile Aggregators, Increasing Customer Expenditure with Growing Digital Advancement and Government...

Rising Automobile Aggregators, Increasing Customer Expenditure with Growing Digital Advancement and Government Initiative had driven Indonesia Auto Finance Market: Ken Research

Rising Automobile Aggregators: Innovative digital startups such as Cermati are reshaping the challenging automotive shopping and financing process into a quick and easy experience for customers by creating an auto finance ecosystem where specialized players occupy the various parts of the value chain. In the West Java Region, various big global car-makers invested in industrial estates as well as car and component manufacturing plants. Therefore, it has become the production base of Indonesia’s automotive sector (including motorcycles) and can be labelled the “Detroit of Indonesia. Auto Finance Companies and Dealerships are also expected to an increase their financing and contracting options making them more flexible to support retail Sales.

Customers Buying Behaviour: Expenditure-Income ratio of people of Indonesia is quite high in comparison to other ASEAN countries like Brunei Darussalam, the Philippines and Singapore. This increases the buying tendency, purchasing power as well as the consumption rates.

Public Transportation: As Indonesia has a large population, the government has a target to increase the share of trips on public transport to be the largest in the auto segment by 2030. Public transportation has been really helpful and popular, and nowadays use of online transportation like Uber and Grab is rising.

Growing Digital Advancement: Dealers can ensure they’re reaching online-first car shoppers by investing in an all-encompassing digital marketing solution that leverages mobile, location, and social media. Also, by 2023, the BSP hopes to have digitalized most of the payments and encouraged Majority of the population to open bank accounts. Automotive Financing Companies are increasingly moving towards higher technological advancements to improve operational profits as well as customer experience. For example- the use of AI is increasing to make important loan decisions in real time.

Change in Regulatory Framework: The government of Indonesia and financial regulatory authority has lowered the down payment rates and the interest rates to make financing a viable. “Healthy” multi-finance companies with non-performing financing (NPF) ratio <1% are allowed to offer 0% down payment for vehicles purchases with credit by OJK which has increased demand for Autocredit in Philippines.

Analysts at Ken Research in their latest publication Indonesia Auto Finance Industry Outlook to 2026 – Driven by growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by the regulatory authorities by Ken Research observed that Auto Finance Market is an emergent market in Indonesia, which is at a growing stage even during the pandemic as well. The rising demand for automobiles, Rising Automotive Aggregators, high Spending capacity of the population, government initiatives and growing digital advancement like Artificial Intelligence and Machine Learning, are expected to contribute to the market growth over the forecast period. The Indonesia Auto Finance Market is expected to see high growth rate over the forecasted period 2021-2026F.


Key Segments Covered:-

Indonesia Auto Finance Market

By Category of Lenders (by Credit Dispersed), 2021 & 2026F

Captive Financing Companies



By Type Of Vehicles (by Credit Dispersed), 2021 & 2026F:

Two Wheelers

Three Wheelers

Four Wheelers

By Type of Ownership (by Credit Dispersed), 2021 & 2026F:

Used Cars

New Cars

By Category of Vehicles (by Credit Dispersed), 2021 & 2026F:

Passenger Vehicles

Commercial Vehicles

By Duration of Loan (by Credit Dispersed), 2021 & 2026F:

1 Year

2 Year

3 Year

3+ Years

By Geographical Location (by Credit Dispersed), 2021 & 2026F:

Rural & Semi Urban



Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTE5

Key Target Audience:-

Banks and its Subsidiaries


Captive Finance Companies

Government and Institutions

Automobile Companies

Car Dealers

Government and Institutions

Existing Auto Finance Companies

OEM Dealerships

New Market Entrants


Auto mobile Associations

Time Period Captured in the Report:-

Historical Period: 2016-2020

Base Year: 2021

Forecast Period: 2022– 2026F

Companies Covered:-

Bank CIMB Niaga

Bank Rakyat Indonesia

Danamon Bank (Adira Dinamika Finance)

Mandiri Bank (Mandiri Tunas Finance)

Megabank (WOM)

Bank Negara Indonesia

BCA Bank

Bank Jasa Jakarta


ACC Finance

Oto Multiartha

Radana Bhaskara

Adira Finance

Indomobil Multi Jasa

Mitsui Auto Finance

Mandiri Tunas Finance

Rabana Investindo

Maybank Finance


OLX Indonesia




Diamond Smart Auto


Key Topics Covered in the Report:

Demographic overview and major industries of Indonesia

Economic Overview of Indonesia

Trade Scenario of Indonesia

Indonesia Automotive Market – Vehicle sales

Indonesia Automotive Market – Major OEM brands basis passenger cars sales

Indonesia Auto Finance Ecosystem

Indonesia Auto Finance Market Value Chain Analysis

Major Types of auto loans available in the Indonesia Auto Finance Market

Growth Drivers of Indonesia Auto Finance Industry

Decision making Parameters for selecting Auto loan Vendor

SWOT Analysis of the industry

Trends and Developments in the Industry

Issues and challenges in the industry

Government initiatives in the industry

COVID-19 Impact on the Indonesia Auto Finance Industry

Customer Journey

Indonesia Auto Finance Market Sizing

Indonesia Auto Finance Market Segmentation

Indonesia Automotive Finance Aggregator

Indonesia Auto Finance Market – Future Sizing

Indonesia Auto Finance Market – Future Segmentation

Digital Disruptions in the Indonesia Auto Finance Industry

Analyst Recommendations

For more information on the research report, refer to below link:-

Indonesia Auto Finance Industry

Related Reports:-

Vietnam Auto Finance Market Outlook to 2026F– Driven by Digital Penetration and Dominance of Banks along with a Shift in Consumer Preference form 2W to 4W

Qatar Auto Finance Market Outlook to 2026F– Driven by Increasing Vehicle Prices and Low-Interest Rate In The Country

KSA Auto Finance Market Outlook to 2026F– Driven by Women Entering the Market, Growing Private Entities and Initiatives by the Government


Rising Automobile demand, Flexible models of financing, increase in Online Auto Finance Aggregator and Growth in Auto Finance industry had driven UAE Auto Finance...

Buy Now Focus on Growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by...

KSA Car Finance Market is expected to grow at 11.7% over 2021-2026: Ken Research

Buy Now Focus On Embracing Digitization, New Government Policies under Vision 2030 and Entry of Women in the market are major factors contributing towards development...

The Credit Disbursed in Vietnam Auto Finance Market is expected to reach more than VND 300 Tr during by 2026F owing to the Lower...

Buy Now Currently 73.5% of the population in Vietnam uses a smartphone. The country aims to increase the rate to 85% by the end...

Most Popular

Sparkling Wines Market Size 2022 Research Report by Corporation Information, Distributors Profiles, Market Share and Forecast to 2028 – Ken Research

Buy Now Market Overview Sparkling wine is a carbonated wine made primarily of white and red grapes. They can be made in six different ways,...

Global IoT Microcontroller Market Projected to Reach Market Size of US$ 6 billion by 2028: Ken Research

Buy Now A microcontroller unit (MCU) is a compact, self-contained computer that comprises a single integrated circuit, or a microchip. Internet Of Things (IoT) Microcontrollers...

Global Composites Market is expected to record a positive CAGR of ~8% during the Forecast Period 2022-2028: Ken Research

Buy Now A composite is created from two or more constituent materials. These constituent materials are combined to produce a substance with characteristics that are...

Global Nanomaterials Market Outlook, and Revenue Forecast 2022-2028: Ken Research

Buy Now Market Overview Nanomaterials are materials that have at least one external dimension that lies between 1-100 nanometers or internal structures that measure 100 nanometers...