Wuling Cortez Darion PHEV Targets Consumers Hesitant About EVs
30 November 2025, 07:00 WIB
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.
-
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.
Popular Articles
-
1
-
2
-
3
-
4
-
5
Related Articles
Daihatsu Says Total New Car Sales Reached This Figure
28 November 2025, 11:00 WIB
GJAW 2025 Still Feels Not Appealing Enough to the Public
28 November 2025, 06:05 WIB
Two Prabowo Ministers Disagree on Automotive Industry Incentives
26 November 2025, 20:00 WIB
With a Special Platform, the L8 Can Travel 1,300 Km
26 November 2025, 08:00 WIB
Latest
All-New Honda Vario 125 Officially Launched, Street Variant Available
01 December 2025, 12:13 WIB
The all-new Honda Vario 125 scooter was officially launched by AHM as the year draws to a close, with prices starting from Rp 24.4 million.
The Ministry of Industry states that the assumption of the automotive sector being strong is incorrect.
01 December 2025, 12:00 WIB
The Ministry of Industry believes the condition of the automotive industry cannot be assessed solely based on growth in one segment.
Shell and Vivo fuel prices both rose in December 2025.
01 December 2025, 10:25 WIB
Entering December 2025, Shell and Vivo's stock is slowly recovering; however, all fuel prices have increased.
The Government Reveals It Has Not Yet Received Automotive Incentive Proposals for 2026
01 December 2025, 09:00 WIB
The government states it has not yet received an official proposal regarding automotive incentives for 2026 from the relevant ministry.
Bajaj Auto Acquires KTM for Rp 15.3 Trillion
01 December 2025, 08:00 WIB
Bajaj officially acquired KTM after investing Rp 15.3 trillion in mid-November 2025.
Pertamina Fuel Prices December 2025, Pertamax Skyrockets
01 December 2025, 07:00 WIB
According to Pertamina's official website, the price of Pertamx fuel has increased to Rp 12,750 per liter.
Virgoun's Motorcycle Collection, Many Harley-Davidsons
30 November 2025, 19:00 WIB
Virgoun, Inara Rusli's ex-husband, is known for his collection of Harley-Davidson motorcycles, which he often shows off.
Airlangga Hartarto's Considerations for Not Providing Incentives Next Year
30 November 2025, 15:00 WIB
Airlangga Hartarto believes the government has provided many incentives for the automotive sector over the past two years.