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Sluggish New Car Sales Make Vehicle Auction Houses Wary
The decline in purchasing power in new car sales also poses a real threat to auction houses like IBID.
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By Satrio Adhy
- Thursday, 17 July 2025 | 08:00 WIB
Thus, it can still have a negative impact on auction houses in Indonesia, like IBID itself.
“We benefit, but there is one issue, which is purchasing power. That's an economic matter, weakening purchasing power might have an overlapping impact on us,” he added.
Doxa also admitted to having prepared various anticipatory steps to overcome the weakening of public purchasing power. For example, by collaborating with multifinance companies.
Photo : KatadataOTO
This is done to facilitate financing, considering many consumers choose credit schemes over paying in cash.
“We are trying to reach not only corporate clients but also individuals. It's still a small segment and not easy, especially since not everyone buys in cash,” Doxa emphasized.
IBID also offers a collaboration mechanism with multifinance companies through a pre-approved scheme before the auction takes place.
This is expected to address the payment challenge, which currently must be completed within a maximum of five days after the winner is announced.
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