Tuesday, March 5, 2024
HomeNEWSOctober sales encouraging says NMDA

October sales encouraging says NMDA

“It is really encouraging to see sustained growth in the figures for October. In particular, it is great to see the current market is catching up with last year as we get closer to the year-end,” said Symon Cook, head of the NMDA, commenting on the latest MCIA registration figures.

“In October, there was a 0.8% increase in registrations, rising from 8003 to 8066 units. However, the year-to-date figure is still lagging by -1.9%, with 102,037 units registered so far this year, compared to 103,961 at the same point in 2022. Nevertheless, this indicates that the market is gaining considerable ground, as it is an improvement from -2.1% in the previous month. Total moped and motorcycle sales have also increased, by 7.8% and 0.3% respectively.

“Various bike models continue growth. The ‘unspecified’ category rose from 1 unit to 12, equating to a 1100% increase for October. Year-on-year this is now a 115.3% change, an increase of 85 to 183 units. Those motorcycles designated as unspecified are those brands/models which have gone through the V55/4 registration and which MCIA have been unable to find information for. Naked models increased by 8.5%, rising from 21,079 to 22,862 units, while competition models grew by 8.4%, climbing from 4948 to 5366 units.

“For ICE-powered PTWs, the year-to-date figures reveal a substantial 26.2% increase in 751-1000cc motorbikes, rising from 14,332 to 18,089 units, with the Honda CB 750 Hornet remaining the leading model in the category.

“ICE motorbikes remain dominant over their battery-powered counterparts, with electric registrations at just 3567 for the year-to-date, a decrease of 38.3% compared with 2022. However, October saw a noticeable increase in electric registrations, rising 22.4% from 415 units in 2022 to 508 units in 2023.

“Honda remains the top-selling brand overall, with 1463 units sold. Yamaha is second with 1266 units, followed by KTM with 519 units. Electric brand Vmoto takes the final spot of the Top 10 with 204 units, seeing Ducati drop out.”

Cook concluded: “Despite the confusion surrounding the recent government announcement to push back the deadline for the phasing out of ICE vehicles from 2030 to 2035, it is positive to see an increase for electric scooters after having been on the decline for most of the year. The upcoming Autumn Statement will provide a great opportunity for the government to build on this momentum. We hope to see strong performances for powered two-wheelers as we reach the end of the year and enter the new model launch season.”


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