CIMB Niaga Auto Finance Sets Ambitious 2026 Financing Target

Optimistic Outlook for Market Recovery

CIMB Niaga Auto Finance (CNAF), a subsidiary of CIMB Niaga, is projecting Rp 9.6 trillion in new financing for 2026. According to Ristiawan Suherman, CNAF's President Director, the company is optimistic about gradual market recovery despite current challenges in the automotive industry, particularly in the passenger car segment. The target represents a strategic move to capitalize on expected improvements in market conditions and consumer purchasing power.

Market Context and Business Strategy

The automotive industry, particularly the passenger car segment, is still recovering from previous downturns. However, CNAF remains confident that their financing capabilities will improve as market conditions stabilize. The company's focus on strategic growth while maintaining financial prudence positions it well for potential market improvements.

Implications for Future Growth

CNAF's ambitious target for 2026 demonstrates the company's confidence in its business model and growth prospects. The achievement of this target will depend on various factors including overall economic conditions, consumer confidence, and the competitive landscape in the automotive financing sector.