When gross domestic product growth boosts people’s purchasing power while consumer confidence is strong, people are willing to buy a car. However, in times of economic uncertainty (slowing economic expansion and reduced optimism – or pessimism – about future personal financial situations) people tend to postpone the purchase of relatively expensive items such as a car. While Indonesia has a well developed MPV and SUV manufacturing industry, the nation’s sedan industry is underdeveloped.
- Meanwhile, advanced driver-assistance systems will play a crucial role in preparing regulators, consumers, and corporations for the medium-term reality of cars taking over control from drivers.
- Digital technologies, including AI, help you understand what consumers truly want so you can create personalized experiences that exceed customer expectations and foster loyalty from day one.
- Propose national standard concept to the government regarding performance, safety, amenities, stability, and road properness for Indonesian vehicles.
- Geely Holding Group holds an 8.3%