KONTAN.CO.ID - JAKARTA. PT CIMB Niaga Auto Finance (CNAF) continues to record growth in new vehicle financing despite a sluggish domestic automotive market.

Data from the Association of Indonesian Automotive Industries (Gaikindo) shows a sharp decline in car sales in August 2025. Wholesale sales (factory to dealer) fell 19% to 61,780 units, while retail sales (dealer to consumer) declined 13.4% to 66,478 units compared to August last year.

CNAF President Director Ristiawan Suherman stated that as of August 2025, CNAF's new vehicle financing reached IDR 1.84 trillion, a 17% increase compared to IDR 1.58 trillion in the same period last year.

"However, CNAF is also feeling the impact of the sluggish market, as evidenced by CNAF's weaker growth compared to 2024," Ristiawan told Kontan on Friday (September 12, 2025).

Ristiawan stated that the market situation in 2025 is quite challenging and will impact all industries, including the financing and automotive industries.

To maintain this positive trend, CNAF is prioritizing a selective strategy in disbursing financing. The company is strengthening its prudential aspects by being more careful in analyzing potential customers as a form of risk mitigation.

Furthermore, CNAF is also observing the dynamics of shifting consumer demand. Ristiawan believes that the flood of new cars at competitive prices is making people prefer new vehicles over used ones.

In total, CNAF's new financing disbursement reached IDR 6.67 trillion as of August 2025, a 6% increase compared to the same period last year of IDR 6.29 trillion.