KONTAN.CO.ID - JAKARTA. PT CIMB Niaga Auto Finance (CNAF) explained that the used vehicle financing segment is still the largest contributor to the company's total financing portfolio during the first quarter of 2025.

CNAF President Director, Ristiawan Suherman said, of the total financing distribution of IDR 2.97 trillion in the first quarter of 2025, IDR 1.98 trillion or around 67% was distributed for used vehicle financing.

"Or it can be said to have grown by 33% when compared to the same period the previous year reaching IDR 1.48 trillion," Ristiawan told Kontan, Wednesday (23/4).

Meanwhile, new vehicle financing contributed 23% of total financing, and the remaining 10% came from the refinancing segment.

Seeing the positive growth trend, CNAF targets used vehicle financing distribution to reach IDR 6 trillion throughout 2025.

To achieve this, the company seeks to optimize synergy with the parent company through cross-selling programs, as well as strengthening partnerships with dealers and showrooms.

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