Group 1: Market Overview - New vehicle sales in Indonesia increased by 12% to 81,159 units in February 2026, up from 72,356 units a year earlier [1] - The local vehicle market expanded by almost 10% to 147,361 units in the first two months of 2026, compared to 134,440 units in the same period last year [3] - Overall vehicle production rose by 8% to 209,543 units year-to-date, supported by a 23% rise in exports of fully assembled vehicles to 86,588 units [6] Group 2: Consumer Sentiment and Economic Factors - Consumer sentiment has improved following a 150 basis points cut in the central bank's benchmark interest rate since September 2024, now at 4.75% [2] - GDP growth accelerated to 5.4% in the fourth quarter of 2025, the strongest annualized growth since 2022, driven by strong domestic consumption and investment [2] Group 3: Vehicle Segmentation - Sales of light passenger vehicles rose by 5% to 110,367 units, while commercial vehicle sales rebounded by 26% to 36,994 units [3] - Sales of small internal combustion engine (ICE) passenger cars under the government's 'Affordable Energy Saving Car' programme fell by 21% to 22,106 units, while deliveries of battery electric vehicles (BEVs) surged almost fourfold to 25,834 units from 7,569 units [4] Group 4: Company Performance - Toyota's sales declined by 8% year-on-year to 42,600 units in the first two months of the year, while Daihatsu's sales rebounded by 18% to 25,965 units [5] - Mitsubishi reported a 19% sales increase to 13,906 units, while Suzuki's sales rose by 28% to 12,422 units [5] - BYD's sales surged almost fourfold to 9,532 units, while Honda's sales plunged by 41% to 9,401 units [5] Group 5: Future Projections - GlobalData forecasts that sales of light vehicles in Indonesia will decline by almost 4% in 2026 to 721,000 units from 750,000 units in 2025, before rising by 7% to 771,000 units in 2027 [6]