KONTAN.CO.ID - JAKARTA. PT CIMB Niaga Auto Finance (CNAF) recorded used vehicle financing of IDR 1.98 trillion in the first quarter of 2025.

CNAF President Director, Ristiawan Suherman said that the amount grew by 33% compared to the same period the previous year which reached IDR 1.48 trillion.

"The contribution of used vehicle financing reached 67% of the company's total new financing," Ristiawan told Kontan, Wednesday (23/4).

Then followed by the new vehicle financing segment which contributed 23%, and the refinancing segment which contributed 10% to CNAF's total financing distribution.

Meanwhile, CNAF's total financing distribution was recorded at IDR 2.97 trillion in the first quarter of 2025. The company is optimistic that used vehicle financing can increase in 2025, by setting a target of IDR 6 trillion.

In order to achieve the set target, the company seeks to optimize synergy with the parent company through a cross-selling program.

"We also build and establish good relations with all partners (dealers & showrooms) to attract customers to finance at CNAF," he said.