GIIAS 2015 was held in the new Indonesia Convention Exhibition (ICE), in Serpong. (JG Photo/Dandy Roesman)

Inaugural GIIAS Car Show Brings in $385 Million Over Weekend

BY :CARLA ISATI OCTAMA

AUGUST 31, 2015

Jakarta. The inaugural Gaikindo Indonesia International Auto Show closed on Sunday, booking 17,077 car sales worth total Rp 5.4 trillion ($385 million), the committee said in a statement on Monday.

Local manufacturers have been struggling after car sales dipped 21 percent to 581,941 cars in the first seven months this year.

More than 450,000 visitors attended the largest car exhibition in Southeast Asia, looking to snap up new models and large discounts, said Johnny Darmawan, deputy chairman of Indonesia Automotive Industry Assocoation (Gaikindo) and GIIAS 2015's operating committee chairman.

“There are also concerns that car prices will increase further [after the exhibition] due to the weakening rupiah, and that motivates visitors to come,” said, Johnny

GIIAS 2015 was held in the new Indonesia Convention Exhibition (ICE), in Serpong, located on the southern outskirts of Jakarta, alongside the 23rd Indonesia International Motor Show in the capital city.

Gaikindo had participated in the IIMS until last year, but broke away, saying it prefers to run its own show at ICE.

Gaikindo now expects full-year sales to fall in the range of 950,000 to one million cars this year.

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