Jakarta, cartitleloans Indonesia
–
Automotive entrepreneurs reveal the phenomenon of Indonesian citizens starting to have difficulty paying
instalment
In the midst of economic conditions and storms termination of employment (PHK).
The owner of Focus Motor Group Agustinus said there was a shift in the condition of consumers who failed to pay installments.Usually, he said, consumers stop installments in the first months.
That is because some consumers buy cars to show off and are not supported by financial capabilities.However, at this time consumers who have paid a dozen months began to have difficulty paying.
“I ask them why
Leasing
This big brakes?They must have personal data for the future.So they say this is a lot of installments, “Agustinus said, reported by CNBC Indonesia, Monday (4/8).
“If people have been in two years, the credit has suddenly been jammed, it means that there are many layoffs. Or the business immediately dropped,” he added.
Augustine’s findings are in line with the lethargic vehicle sales conditions this year.
Referring to the Data from the Indonesian Automotive Industry Association (Gaikindo), car sales
wholesales
or distribution from factory to
dealer
Semester I 2025 374,740 units, down 8.6 percent compared to semester I 2024.
Retail car sales from dealers to consumers 390,467 units.That figure shows a decline of 9.71 percent compared to the same period last year.
Senior Economist Institute for Development of Economics and Finance (INDEF) Mohamad Fadhil Hasan sees the phenomenon of Indonesian citizens starting to have difficulty paying car installments as a danger signal for the economy.
Fadhil assessed that the number of car purchases indirectly showed the ability to consume middle and upper class.If sales decrease and installments are hampered, it can be interpreted in the weakening of purchasing power in this group.
According to him, this phenomenon holds danger in the future.The fate of the automotive and financing industry can be threatened.
“For example, their income is not able to repay their credit, it will have an impact on more and more bad loans in the automotive sector and also have an impact on the sale of motor vehicles and cars,” Fadhil said when contacted
cartitleloansIndonesia.com
, Wednesday (6/8).
Fadhil also associated it with data from the Central Statistics Agency (BPS) which revealed the decline in the number of middle class (
Middle Class
) in Indonesia during 2019-2024 around 9.49 million people,
At the same time, the class group headed for the middle (
Aspiring Middle Class
) Increase in an amount of approximately the same.
Indonesian Strategic and Economic Senior Analyst Ronny Sasmita associating the phenomenon of Indonesian citizens began to have difficulty paying car installments with layoffs.
When referring to data from the Indonesian Employers’ Association (Apindo), 250 thousand people were laid off in 2024. In addition, 40 thousand people were laid off in January-February 2025.
Ronny saw that the two phenomena showed the purchasing power of people being depressed.Because of that, the community sorts expenses.Car purchases and installments as tertiary needs have become one of the affected.
“Because the level of layoffs is quite high in the past two years so that the definite impact on these burdens is not fulfilled after they are laid off,” said Ronny.
Ronny believes that the government must handle this signal seriously.If not treated immediately, he is worried that this phenomenon will burden national economic growth.
The government must boost investment growth to create jobs.
Concrete steps such as deregulation, additional incentives for investors, so that infrastructure development must be carried out immediately.
Ronny also suggested that the government review budget efficiency.This policy is considered to have an impact on a number of community economic activities, such as the hospitality sector that loses the market after meetings and work visits are limited.
“So that there are no things like this, difficulties in fulfilling their obligations because their income is stalled,” he said.
[Gambas: cartitleloans video]
(Dhio Faiz Syarahil/SFR)
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