Indonesia's Automotive Financing Trends: November 2025 Update

Mixed Performance in Car Financing

The Financial Services Authority (OJK) has released the latest figures on Indonesia's automotive financing landscape. As of November 2025, the multifinance industry showed a mixed performance in car financing. Used car financing experienced a modest growth of 0.42% year-on-year, reaching Rp87.46 trillion ¹

. In contrast, new car financing contracted by 4.65% to Rp142.59 trillion during the same period ¹

Source 1

https://finansial.bisnis.com/read/20260113/89/1943844/ojk-pembiayaan-mobil-bekas-tumbuh-042-mobil-baru-turun-465-per-november-2025

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Industry Outlook for 2026

Despite the current contraction in new car financing, OJK remains optimistic about the sector's prospects for 2026. Agusman, OJK's Executive Head of Supervision, stated that used car financing is expected to remain relatively resilient. The authority anticipates that new car financing could recover as multifinance companies adjust their financing strategies and benefit from regulatory support ¹

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Electric Vehicle Financing Growth

In a related development, OJK reported that electric vehicle financing by multifinance companies reached Rp21.31 trillion in November 2025, representing a 1.99% month-on-month growth ²

. The authority is optimistic about continued growth in this segment during 2026, driven by increasing consumer interest and expanding model offerings. OJK has advised multifinance companies to strengthen their risk management practices and adapt financing schemes to the unique characteristics of electric vehicles ²

Source 2

https://finansial.bisnis.com/read/20260113/89/1943846/kredit-mobil-listrik-leasing-capai-rp2131-triliun-per-november-2025

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Overall Industry Performance

The multifinance industry's total outstanding financing reached Rp506.82 trillion as of November 2025, growing 1.09% year-on-year ¹

. On a month-to-month basis, the figure represented a modest increase of 0.30% from Rp505.30 trillion in the previous month. The industry's non-performing financing (NPF) gross stood at 2.44%, while the net NPF was 0.85%. The gearing ratio was recorded at 2.13 times ¹

Source 1

https://finansial.bisnis.com/read/20260113/89/1943844/ojk-pembiayaan-mobil-bekas-tumbuh-042-mobil-baru-turun-465-per-november-2025

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Challenges and Opportunities

Industry experts note that the growth of electric vehicle financing could be affected by the government's plans to phase out certain incentives in 2026. Ibrahim Assuaibi, an economist, suggested that the withdrawal of these incentives should be carefully considered, given the global geopolitical dynamics that could impact Indonesia's fuel import burden ²

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