Despite the sharp decline in March, the first quarter of 2026 showed a modest increase in car sales, rising 1.7% compared to the same period in 2025. In total, 209,021 units were sold in the first three months of the year. This mixed performance highlights the volatility in the automotive market, as manufacturers and dealers navigate shifting consumer preferences and economic conditions.

Gaikindo has set an ambitious target for domestic new car sales to reach 850,000 units in 2026, representing a 5.8% increase from the 2025 total of 803,687 units. This target reflects a broader strategy to stimulate growth in the automotive sector, which has faced numerous challenges in recent years, including economic fluctuations and changing consumer behavior.

The decline in sales in March can be attributed to several immediate factors, including rising fuel prices and economic uncertainty. Reports indicate that Americans are now paying $4 or more for a gallon of petrol, a trend that could influence consumer decisions regarding vehicle purchases. Additionally, fuel economy standards, which have been in place since 1975, have led to a gradual increase in vehicle efficiency, impacting the types of cars consumers are willing to buy.

Historically, the 1970s prepared the US and the West for oil shocks, leading to significant changes in energy efficiency and a reduced dependence on Middle Eastern oil. This historical context is relevant as the automotive industry continues to adapt to evolving energy landscapes and consumer expectations.

As the automotive market in Indonesia grapples with these challenges, the first reactions from industry leaders have been cautious. Many are calling for strategic adjustments to marketing and sales approaches to better align with current consumer needs and economic realities. The focus on fuel efficiency and affordability is expected to become increasingly important in the coming months.

In summary, while the first quarter of 2026 showed a slight increase in car sales, the significant drop in March has raised alarms within the industry. Stakeholders are closely monitoring the situation as they prepare for potential shifts in consumer behavior and market dynamics.

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The Dubai property market was previously characterized by robust sales and rising prices, attracting both local and international investors. However, the landscape has shifted dramatically since late February, when geopolitical tensions escalated following US and Israeli strikes on Iran, leading to retaliatory attacks from Iran.

Recent data reveals that Dubai property sales have collapsed by 44 percent year-on-year. From February 28 to March 22, only 8,059 property sales were registered, a stark contrast to the previous year’s performance. Home prices have also taken a hit, with a decline of approximately 4-5 percent compared to the same period last year.

The median value of a residential property in Dubai now stands at around $99,250, with the per square foot price averaging $500. Despite the overall downturn, the luxury segment remains somewhat insulated, with high-end deals still occurring, some exceeding $2,000 per square foot.

Transaction volumes have also plummeted, dropping 25.7% from $7.55 billion to $5.61 billion. This decline indicates a significant retreat from the market, particularly among investors who seem to be adopting a wait-and-see approach amid the ongoing conflict.

Experts note that the Dubai Financial Market Real Estate Index has lost more than a quarter of its value in just a month, reflecting the broader concerns about the stability of the property market. An anonymous Dubai-based real estate consultant remarked, “This trend shows that the investor class is largely staying away from the market, or at least they have taken a pause given the current circumstances.”

While some areas, particularly in Downtown Dubai, continue to see steady prices and large deals, the overall sentiment is one of caution. The consultant added, “The properties that they purchased were also on the edge of the main city.”

Looking ahead, the impact of the ongoing conflict on future property sales remains unclear. Experts warn that a prolonged conflict could further erode international investment and put additional pressure on the sector.

Details remain unconfirmed.

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