Indonesian Political, Business & Finance News

Video: Used Car Business Still Profitable Amidst Weakening Purchasing Power?

| Source: CNBC Translated from Indonesian | Business
Video: Used Car Business Still Profitable Amidst Weakening Purchasing Power?
Image: CNBC

Jakarta, CNBC Indonesia - Integrated automotive issuer PT Autopedia Sukses Lestari Tbk (ASLC), which operates in the used car trading business, recorded revenue of Rp 283.6 billion in the first half of 2026, an increase of 27.5% year-on-year. CEO of PT Autopedia Sukses Lestari Tbk, Armeza Farhansyah Umar, stated that the revenue growth was supported by the retail used car trading business, which grew by 50% year-on-year, in line with the expansion of branches to a total of 18 outlets through the caroline.id platform. Amidst ongoing global uncertainty, used car sales remain a choice for the public as a way to cope with the pressure on purchasing power. The company is optimistic about achieving better growth by the end of 2026 compared to 2025.

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