The Indonesian market for commercial vehicles over 2 tons gvw continued to recover strongly in the fourth quarter of 2021, with sales rising more than 60% to 47,210 units from a depressed 29,423 units a year earlier, based on AsiaMotorBusiness.com analysis of industry data. 

The pickup truck segment expanded by 45% to 6,256 units in the fourth quarter of 2021 after declining by 7.5% to 4,312 units a year earlier, resulting in a 44% rise in full-year sales 17,533 units. This segment is now entirely made up of models imported as built-up units from Thailand. The rebound in mining activity last year, driven by surging commodity prices, helped drive the segment’s recovery after a 34% decline in 2020. 

Industrial conglomerate, Indonesia’s Bakrie & Brothers Tbk (BNBR) announced in December it is now focused increasingly on expanding its renewable energy business and is working on supplying battery-powered electric vehicles (EV) for the country’s public transportation network.  

Online sales of new Fuso trucks in Indonesia through distributor KTB have exceeded 1,000 units since trading began in October 2020.

The market for commercial vehicles over 2 tons gvw rebounded by over 89% to 33,195 in the third quarter of 2021, after plunging by 59% to 17,533 units a year earlier.

The Indonesian market for commercial vehicles over 2 tons gvw rebounded strongly in the second quarter of 2021, to 26,788 units after plunging by almost 80% to 6,452 units in the same period of last year.

The Indonesian market for commercial vehicles over 2 tons gvw declined by just over 4% to 29,867 units in the first quarter of 2021 after plunging by 25% to 31,209 units in the same period of last year.

The market for heavy-duty trucks over 16 tons gvw was the hardest hit by the COVID-19 pandemic last year, with international trade, fixed investment, mining sector output and construction activity all sharply lower.

The market for medium-duty trucks between 5-16 tons gvw continued to dive lower in the fourth quarter of 2020, by over 36% to 13,105 units after declining by more than 14% to 20,593 units in the same period of the previous year.

The Indonesian market for other light commercial vehicles of 2-5 tons gvw declined by almost 16% to 9,531 units in the fourth quarter of 2020 from 11,235 units a year earlier, with the decline beginning to slow compared with previous quarters.

The Indonesian pickup truck segment is almost entirely made up of models imported as built-up units from Thailand.

The Indonesian market for commercial vehicles over 2 tons gvw continued to plunge in the fourth quarter (Q4) of 2020, by more than 32% to 29,334 units from 43,257 units in the same period of the previous year, based on AsiaMotorBusiness.com analysis of industry data.