Passenger Car Tyre Market in Jakarta and Surabaya Worth almost
USD29 Million in Retail alone for First Quarter of 2010: GfK
Indonesia
2010-05-03 12:25
Popularity of Performance and Luxury Tires on the Rise
JAKARTA, Indonesia, May 3 /PRNewswire-Asia/
-- With the Indonesian automobile market forecasted for strong
growth in 2010, automotive parts manufacturers here can also look
forward to boom times in the coming months. According to GfK
Indonesia's retail tracking of passenger car tires, demand for
replacement car tires has been on the rise since mid- 2009. In
Jakarta and Surabaya alone, consumers bought 405,880 car tires
worth approximately USD28.9 million in the first quarter this year,
translating to about 135,530 passenger car tires being sold every
month in both cities.
"GfK findings recorded a considerable 11.1
percent hike in sales value of replacement passenger car tires in
Q1 2010 as compared to Q3 2009. However, passenger car tires only
registered a much lower 4.8 percent in unit growth during that same
period, indicating that consumers are increasing their unit spend
on car tires," commented Mr Guntur Sanjoyo, General Manager of GfK
Indonesia.
The average price of tires has been on the
rise in recent months, costing USD71 now as compared to USD64 six
months ago. GfK's reports reflect rising demands for 17" and above
car tires since mid-2009, with corresponding dips registered in
smaller rim tires, especially in the 13" sized ones.
"With the current trend of car-owners
'inching-up' their rides to the more expensive, larger diameter
tire rims for aesthetic and handling reasons, more auto makers have
also started to introduce original equipment fitments with larger
rim diameters to cater to today's discerning customers" observed Mr
Sanjoyo.
"Looking at the improving economic conditions
globally, we can quite confidently predict a brighter and more
dynamic outlook for the automotive industry for the rest of 2010,"
concluded Mr Sanjoyo.
About GfK Automotive Retail Audit
GfK's first started retail audit for the
Automotive panel in Europe as early as the 1980s. In 2009, GfK Asia
introduced retail audit for passenger car tires in Malaysia,
Indonesia and South Korea, with the service to commence in
Singapore, Thailand and Philippines in 2010. The company also
conducts retail audit of passenger car engine oil in Malaysia and
will commence the service in Indonesia as well this year. Retail
audit for motorcycle engine oil is now available in Vietnam.
CONTACT:
Seraphina Wee
Tel: +65-6826-8622
Email: [email protected]
SOURCE GfK Asia Pte Ltd