Sales of Used Cars at Auction Centers and Dealers in the Second Semester Continued to Increase

The Covid-19 pandemic had caused a decline in enthusiasm for almost all business lines in Indonesia, including used car sales, which dropped drastically, even car prices fell to IDR 20 million per unit. However, as time went by and the transition period entered, used car sales began to show an increase. This occurs in used car sales at auction houses and used car dealerships.

This increase occurred because many people had returned to their activities and tended to avoid using public transportation. As happened at the IBID auction center, where the increasing interest of buyers has increased the price of used cars auctioned off at the IBID auction center. In fact, it has almost reached the normal price pre-pandemic, in January - February 2020.

The increase in the IBID auction house was first palpable in June - July 2020. This was despite during that period the IBID auction house eliminated offline or face-to-face car auctions, IBID implemented online auction activities.

The existence of this online auction also makes auction participants come from all over Indonesia, not only by local participants in the areas where the auction was held. By buying a used car at an auction, the price is certainly relatively cheaper than the price at the merchant. That is also the reason for the increase in used car sales at the IBID auction house.

Apart from that, the odd-even traffic policy that has begun to be reinstated in the Greater Jakarta area has also slightly triggered people to look for a second car, instead of them having to use public transportation, which is more a risk in contracting the Covid-19 virus.

Both the IBID and mobil88 auction houses are the business lines of PT Serasi Autoraya (SERA), which is part of the PT Astra International group. Apart from that, SERA is also engaged in transportation and logistics with other business lines such as TRAC, which has car and bus rental services. And there is SELOG which is engaged in logistics. Want to know more about PT. Serasi Autoraya? Visit www.sera.astra.co.id.