ERJ staff report (DS)
Jakarta -- GfK has published a report on Indonesia's retail tyre business in the latest edition of its Indonesia Automotive Aftermarket report .
The publishers say, "According to GfK Indonesia's retail tracking of passenger car tyres, demand for replacement car tyres has been on the rise since mid-2009. In Jakarta and Surabaya alone, consumers bought 405,880 car tyres worth approximately USD28.9 million in the first quarter this year, translating to about 135,530 passenger car tyres being sold every month in both cities."
"GfK findings recorded a considerable 11.1 percent hike in sales value of replacement passenger car tyres in Q1 2010 as compared to Q3 2009. However, passenger car tyres only registered a much lower 4.8 percent in unit growth during that same period, indicating that consumers are increasing their unit spend on car tyres.â€ commented Mr Guntur Sanjoyo, General Manager of GfK Indonesia.
The average price of tyres has been on the rise in recent months, costing USD71 now as compared to USD64 six months ago. GfK's reports reflect rising demands for 17â€ and above car tyres since mid-2009, with corresponding dips registered in smaller rim tyres, especially in the 13â€ sized ones.
ERJ has not seen this report and can make no comment on the quality of the research or of the conclusions.
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Home page of report on GfK website