A number of used car manufacturers admit that used car prices are starting to show an increase.
Various factors, such as new cars, which are increasingly expensive and in limited quantities, have an impact on the high demand for used . Now, the used means of transportation are also increasing.
The owner of Jordy Mobil in Mega Glogok Kemayoran Andi said that due to the high demand, he had difficulty finding used cars. Vehicles of any type are hard to come by and the price is high.
"So now finding a car is difficult. Many have bought it. If from previous years, it can be two to three times, "he said when contacted, Sunday (29/5/2022).
As a comparison of the increase in used cars, Andi explained that the capital to buy a used car this year is the same as the one he sold last year. The price is quite high.
"Before we sold Rp150 million, now we can't buy it at that price. The increase is 5 percent to 10 percent," he explained.
Andi observes that the increase in used cars is not only due to the scarcity of microchips or semiconductors, but also the high price of new vehicles. He gave the example of the Fortuner's price, which used to be Rp. 400 million, now it is more than Rp. 600 million.
"Automatically used cars also go up. For this year, the most sought-after cars are MPV [multi purpose vehicle/family car] and SUV [sport utility vehicle],” he explained.
The high interest and rising price of used cars was also acknowledged by Mobil88 Chief Operating Officer (COO) Sutadi. He observes that some customers are looking for used cars due to operational needs
At Mobil88, sales from January to April increased 13 percent over the same period last year.
“There is [a used car price increase]. This adjusts supply and demand," he explained.
Meanwhile, OLX Autos Indonesia Marketing Director Sandy Maulana said that the scarcity of microchips that made buyers have to wait for new cars to arrive had an impact on the demand for used vehicles.
“Many consumers choose to buy used cars because they may be available. Then, it can be used immediately and the price is quite affordable compared to a new car," he said.
As for the price, Sandy cannot conclude that currently used cars are increasing. This can depend on the condition of the vehicle.
“Maybe some are expensive, some are low. It depends on the condition of the car itself," he explained.
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