The Motorcycle Development Program Participants Association, Inc. (MDPPA) said that there had been a 16.7 percent increase in motorcycle sales in the Philippines this Q1 2023 among its four members: Honda, Kawasaki, Suzuki, and Yamaha.
During the same quarter last year, there were about 127,000 units sold per month on average. Now, those numbers have increased to 149,000 during the same quarter this 2023. This year’s figures are the industry’s best yet since the pandemic began in 2020.
According to the MDPPA, there were 447,429 motorcycles sold in the market from January to March 2023. That’s a difference of only 3,500 from 2019’s 451,103 numbers, which was before the health crisis started.
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MPDDPA President Boying Mojica said that they are hopeful the performance of Q1 will be sustained as the market is so volatile due to the influence of internal and external factors. The association’s conservative forecast expects a 10% growth this year “in light of the headwinds of an imminent recession in the US and other regions.”
“If the existing business landscape will prevail, the 1.7 million units recorded sales in 2019 may be surpassed,” Mojia added.
As per MDPPA’s data, the Automatic Category or Scooters still dominated by owning 60% of the market with 269,652 units sold in Q1 2023. That’s all thanks to their easy-to-operate controls.
It’s followed by Business units or motorcycles used for commercial purposes, which make up 18.6% of the market with 83,616 units sold. It’s followed by affordable Mopeds or Underbone motorcycles at 17.2% (77,152 units).
Finally, we have Street and Big Bikes with only 4% (17,000 units).