Prices of Used Cars Still Affordable Despite Dollar Appreciation

Driven by several external factors such as the Fed rate hike, trade war, and the increasing oil price, lately rupiah keeps depreciating against the US dollar. Bank Indonesia has even issued new instruments to maintain rupiah stability.

Amid the uncertain economic condition, there's a silver lining for used car business.The rising prices of new cars due to the appreciation of the US dollar makes customers opt for used cars instead. Compared to new cars, US dollar appreciation does not affect used cars much.

mobil88 President Director Halomoan Fischer said that ever since the US dollar began to climb in August 2018, used car sales have been proceeding normally with stable selling prices. "No effect at all. Rupiah appreciation affects price of new cars, because production costs increase. Our sales are also still normal, 1,600 units a month, with MPV as the best-selling type," he said on Saturday (September 15).

For new cars, dollar appreciation is indeed predicted to affect prices quite significantly. This is because even though some brands are already locally assembled, some components still have to be imported. This statement gets a nod from Association of Indonesian Automotive Manufacturers (Gaikindo) Chair Yohannes Nangoi.

"It significantly affects car prices, because a good deal of the car components and materials used here are bought in dollars still," Yohannes said, as quoted by VIVA.co.id (July 5).

Basically, other than friendlier pricing, buying used cars can be beneficial if we do it carefully. That's because quality-wise, many used cars are still in a good condition. To ensure the security of your purchase, the first step to take is choosing a trusted car showroom.

Used car selling/buying company mobil88, a subsidiary of PT Serasi Autoraya (SERA) and affiliated directly to PT Astra International, offers prime services that can guarantee customers-to-be to get a car with the best quality.

With more than 30 years of experience in used car industry, mobil88 has a wide network of 20 branches in various big cities. To maintain customers' trust in the used cars mobil88 offers them, mobil88 provides buyback guarantee.

Other than that, mobil88 also often offers various after-sales services to support customers, for instance free insurance or free car detailing.

Unaffected by dollar appreciation, used car sales are predicted to increase. To ensure security, choose a used car from a trusted showroom offering prime services. Click this page to learn more about mobil88 services.