Adira Finance Records Rise in New Car Financing

Adira Finance recorded an increase in new car financing during the first semester of 2021.

DAPURPACU – In the midst of the Covid-19 pandemic in Indonesia, PT Adira Dinamika Multi Finance (ADMF) was able to record quite a positive performance in the first semester of 2021.

It is proven from the domestic economy in the second quarter of 2021 which is claimed to be better than the first quarter of 2021. This is in line with the gradual recovery of economic activity.

This is also supported by the decline in the number of daily cases of Covid-19, as well as the start of vaccine distribution since early 2021.

On the other hand, Adira Finance’s positive performance was also boosted by the automotive sales industry which was able to grow in the January – June 2021 period.

Based on this achievement, the company was able to disburse new financing with a growth of 17.3% to Rp11.8 trillion, compared to the same period last year.

President Director of Adira Finance, Hafid Hadeli said that the growth was dominated by new car financing to reach 30.1 percent.

“Followed by used car financing by 23.4% and new motorcycles reaching 13.3%,” he added during an online presentation of Adira Finance’s performance, Friday (30/7).

Hafid said, this spike was in line with data released by Gaikindo and AISI that retail sales of new cars and motorcycles grew 33.5% and 23%, to 388 thousand units and 2.4 million units, compared to the same period the previous year.

On the other hand, in line with the implementation of Emergency PPKM in Java and Bali, Adira Finance will focus more on segmented sales outside these areas.

However, said Hafid, receivables managed by the company still recorded a decline of 18.1% to Rp41.3 trillion, due to a higher portfolio rundown.

Seeing the current dynamics, Hafid hopes that through digital adoption Adiraku can make it easier for customers to do financing without having to go through a branch office.

“Adira Finance continues to innovate in preparing business strategies to respond to changes in public consumption, in response to the acceleration of digital adoption by consumers,” he added.

As of last June, the number of customers whose loans have been restructured reached 831 thousand contracts or around Rp19 trillion, representing around 36% of the receivables managed as of February 2020.

Currently, more than 80% of restructured customer loans have started paying their installment obligations. [dp/MTH]

Source: by

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