KONTAN.CO.ID - JAKARTA. PT Mandiri Utama Finance (MUF) recorded growth in new car financing at the beginning of this year. As of March 2026, MUF's new car financing had grown 12.35% year-on-year (YoY).

Acting President Director of MUF, Dapot Parasian Sinaga, stated that this achievement reflects the continued strong demand in the four-wheeled vehicle segment. However, he did not specify the amount of new financing.

"New car financing remains the largest contributor to MUF's portfolio, accounting for 59.4% of total financing disbursement," he told Kontan on Friday (April 17, 2026).

According to Dapot, this growth was driven by increasing public interest and purchases of four-wheeled vehicles.

"The improving economic conditions and the momentum leading up to Ramadan also contributed to the boost in demand," he explained.

Furthermore, vehicle availability, dealer sales programs, and increasing interest in electric vehicles also influenced the financing dynamics in this segment.

Going forward, MUF emphasized that it will continue to prioritize a prudent financing distribution strategy by maintaining asset quality and ensuring healthy growth.

Furthermore, the company is also leveraging synergies within the Bank Mandiri and BSI ecosystems, and adapting its marketing and financing distribution approaches to remain relevant to market needs, including through optimizing digital channels.

"With these steps, MUF is optimistic that financing distribution can continue to grow healthily and sustainably."

For information, according to the latest data from the Financial Services Authority (OJK), financing distribution for new four-wheeled vehicles in the multifinance industry reached IDR 143.28 trillion as of February 2026. This segment remains the largest contributor, accounting for 26.47% of the total multifinance financing portfolio.