“Competition within Indonesia Used Two Wheeler Market was observed to be highly fragmented thereby leading to dealers lowering their margins, which along with the rising fuel prices has contributed to the spurring demand for used two-wheelers in the country.”
Decreasing Margins of Dealers: In Indonesia, due to increasing competition in the used two-wheelers market, dealers are decreasing the margins charged by them as a commission on the sale of a used two-wheeler to attract more customers. This effectively lowers the price of used two-wheelers in the market, leading to increased sales of the used two-wheelers in the country. In 2018, the average margin charged by a dealer in Indonesia is approximately 11.5% which has declined at a negative CAGR of 4.3% during the period 2012-2018.
Average Replacement Age: In Indonesia, it has been observed that the average replacement age of a scooter is 2-3 years, whereas an average replacement age of motorcycle is 3-4 years as of 2018.
No Registration Legally Required During Resale: The Indonesian Government has not made it compulsory to change the name registered to a two-wheeler upon resale. Due to this relaxation, very few people choose to go through the legal formalities while purchasing a used two-wheeler. As there are no legal hassles while purchasing a used two-wheeler, it becomes a fast and cheap process, making it more lucrative than purchasing a new vehicle.
Rising Fuel Prices: Fuel prices have been observed to periodically be hiked by the government in recent times. These increased fuel prices have further lead to higher operating costs of two-wheelers and to incur this increased expenditure, the price-sensitive population of Indonesia chooses to purchase cheaper used two-wheelers rather than new two-wheelers to save money during the purchase of a vehicle.
The report titled, “Indonesia Used Two Wheelers (Motorcycles and Scooters) Market Outlook to 2023 - by Stock Piece and Customized, by Region, by Manufacturer of Two Wheeler (Honda, Yamaha, Suzuki, Kawasaki, and others), by Kilometres Driven, by Source of Sales (Friends & Family and Dealers) and by Make” by Ken Research suggested that the used two-wheelers market in Indonesia has been growing due to rising fuel prices, decreasing margins charged by dealers, and high traffic congestion. The market is expected to register a positive CAGR of 8.2% in terms of sales volume during the forecast period 2018-2023E.
Key Segments Covered:-
By Type of Two Wheelers
Motorcycles
Scooters
By Stock Piece and Customized Two Wheeler
Stock Piece
Customized Two Wheeler
By Region
DKI Jakarta
West Java
Banten
Yogyakarta
Central Java
East Java
North Sumatra
Bali
Others
By Manufacturer of Two Wheelers
Honda
Yamaha
Suzuki
Kawasaki
Piaggio
Bajaj
Others
By Kilometers Driven
0 – 10,000
10,000 – 20,000
20,000 – 30,000
30,000 – 40,000
40,000 – 50,000
50,000 – 60,000
60,000 – 70,000
More than 70,000 KM
Business Model
Friends and Family
Dealers
By Year of Manufacture
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Before 2009
Key Target Audience
Automobile Companies
Two Wheeler Companies
Online Classifieds
Time Period Captured in the Report:-
Historical Period: 2012-2018
Future Forecast: 2019-2023
Major Companies Covered:-
OLX Indonesia
Mobil123
Carmudi
Keywords-
Used Two Wheelers Businesses in Indonesia
Indonesia Used Two Wheelers Mileage
Competition Auto Classified Used Two Wheeler
Recommendations Indonesia Used Two Wheelers
Used Two Wheelers Market Indonesia
SWOT Analysis of Indonesia used Two Wheeler Market
Indonesia Used Two Wheelers Market Value
Used Bike Market in Indonesia
Second-hand bikes & Scooters in Indonesia
Indonesia Used Two wheelers Vehicle Registration
Indonesia Used Scooters Market
Indonesia Motor Vehicle Regulations
Indonesia Two Wheeler Industry
Indonesia Two Wheeler Market
Online Classifieds Indonesia
Two Wheeler Industry Indonesia
Two Wheeler Industry in Indonesia
Two Wheeler Market in Indonesia
For more information on the research report, refer to below link:-
Related Reports by Ken Research:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
