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PTW registrations experience continued growth

With February being the wettest on record it is encouraging to see that registrations of new two-wheelers are experiencing continued growth. Following on from a positive January, which saw registrations rise by 4.8%, February has seen growth of 6.1%. This is even more surprising when you consider that February is the last month before the introduction of the new ’24 number plates, which, no doubt, some buyers will have been holding out for,” says Symon Cook, head of the National Motorcycle Dealers Association (NMDA).

In February, total registrations increased by 6.1% to 5106. Moped sales were down by 10.1%, whereas motorcycle sales increased by 6.5%.

The various motorcycle categories saw a range of growth and contraction this month. The adventure and modern classic categories grew by 33.4% and 17.6% respectively, whereas the competition and naked categories saw contractions of 32.7% and 13.3% respectively. Road sport machinery saw the greatest change, with growth of 39.2%, going from 324 units last year to 451 this year.

ICE motorbikes continue to dominate their electric counterparts, with electric registrations falling by 31.4% from 220 to 151 in contrast to ICE registrations, which witnessed 7.9% growth from 4594 to 4955. In terms of capacity sectors, 751-1000cc bikes saw the most significant growth, with an increase of 34.3%.

Honda remained on top for overall sales, with 1085 registrations, followed by Yamaha with 734. BMW was in third place with 377 new registrations. Piaggio, again, rounded off the top ten with 124 registrations.

Cook concluded: “These figures come in the wake of the spring budget this week, which was an altogether deflating experience for the automotive sector. The chancellor, Jeremy Hunt, announced that he would continue the freeze on fuel duty for another year, but there was not much else on offer for the industry.

“Most notably, the chancellor neglected to mention any incentives for the implementation of electric vehicles (EV). Therefore, it is not surprising to see a contraction in the electric motorcycle market, although a contraction of 31.4% is still concerning.

“February looks to have picked up where January left off with another successful month for motorcycle registrations. As the country continues to face economic and political uncertainty and an onslaught of rain, it is positive to see that the public’s desire for new two-wheelers has not dwindled.”

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