Indonesian Automotive Industry Association (Gaikindo), stated that this can be seen from the declining figure in the difference of car sales between Indonesia and Thailand.
In 2013, car sales in the Land of Smiles went down by 5 percent to 1.35 million units, while Indonesia's rose to 1.23 million units.
"It increased by 10 percent," he said yesterday.
With only 100,000 units difference, Jongkie believes that Indonesia could catch up to Thailand within less than four years. The same could be said in the production line.
Moreover, he said, the potential in Indonesia's automotive market was huge and would continue to increase, based on the low number of ownership ratio.
Data from Gaikindo shows that car ownership ratio in Indonesia reached 77 units for every 1,000 people. In Thailand, there were 165 cars for every 1,000 people. While in Malaysia, the figure was at 334 units per 1,000 people.
However, Vivek Vaidya, the Asia-Pacific Frost & Sullivan Automotive and Transportation vice president, was less optimistic. He said the gap in production and car sales between Indonesia and Thailand would remain the same.
"Besides, Thailand's automotive market is expected to recover this year," he added.
Source : Tempo
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