Data published by the Motor Cycle Industry Association (MCIA) showed that registrations in October fell short of 2021’s tally by 6.1%. However, between January and October 2022, registrations remain ahead of last year by 2.9%.
Recent feedback from dealers suggests that demand for new machines was reasonably good in October, although some reported a slowdown towards the end of the month. Whilst supply chain problems remain an issue for now, and are the main bugbear for dealers, some manufacturers are optimistic that the situation will improve next year.
Although further increases in the cost of living have resulted in some consumer spending unease, there is currently little evidence to suggest a significant impact on sales. However, taking into account another hike in interest rates and the turbulent political backdrop, caution is evermore required when looking ahead.Â
Demand is strong across all two-wheel segments, but Modern Classics, Scooters and mid-range Naked machines stood out in October.
Paul McDonald
Leisure Vehicles Editor