There are plenty of positives to take away from 2022. Trading figures reveal market growth year-on-year, which is pleasing to see against the backdrop of broader economic and political instability. The electric market is also gaining momentum and bodes opportunities for retailers if a steady supply of electric power two-wheelers can be produced,” said Symon Cook, head of the NMDA, commenting on the latest MCIA registration figures.
Overall, the MCIA’s 2022 registration figures reveal an increase of 1.9% year-on-year, from 114,371 units in 2021 to 116,534 total units in 2022. December experienced a fall of 1% from 5988 units to 5926. The highest registering style was scooters, with 26,895 extra on the road by the end of the year.
The highest growth year-on-year was in the moped category at 27.9%. The electric Power Two-Wheeler (ePTW) market in 2022 experienced an 8.3% increase in total registrations, although the figures for December recorded a fall of 3.6%.
The Honda PCX125 retains its position as the most successful PTW vehicle for the year, registering 263 new units in December, aiding Honda to continue being the highest registering franchise with 1276 new bike sales.
Symon Cook added: “Whilst motorcycle sales figures have experienced consecutive falls in registrations, including December, this is to be expected as they are typically quieter trading months. Going forward, NMDA members are optimistic that 2023 will present more opportunities, particularly if component shortages start to ease.”