KONTAN.CO.ID - JAKARTA. PT CIMB Niaga Auto Finance (CNAF) recorded used vehicle financing of IDR 3.71 trillion by July 2025. This realization grew 8% compared to the same period last year of IDR 3.44 trillion.

CNAF President Director, Ristiawan Suherman, stated that used vehicles remain the backbone of the company's business. By July 2025, their contribution reached 62% of CNAF's total financing of IDR 5.95 trillion.

Despite the growth, Ristiawan acknowledged that used vehicle financing this year was not as strong as the previous year. "The continuing weakening of public purchasing power means that performance growth will not be as significant as from 2023 to 2024," he told Kontan on Tuesday (August 19).

He further added that his company is seeing a shift in public preference toward electric vehicles. This trend is driven by increasing awareness of eco-friendly vehicles and the rapid arrival of more affordable, environmentally friendly cars with attractive designs and advanced technology.

Across its entire business, CNAF is targeting total financing of Rp 9.5 trillion by 2025. "We are optimistic that this target will be achieved through synergy with Bank CIMB Niaga in marketing financing products and digitizing the process, which will make customer applications faster, easier, and simpler," he said.