MOTORCYCLE MARKET CONTINUES TO DECLINE

Published 08/06/2017 00:00:00 in Press Releases

“Demand for motorcycles continued its downward trend in May – marking 5 consecutive months of decline in the market”, said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK.

Registrations in May fell by -10.5%, with the overall number of bikes being sold year-to-date down to 7,335 – a huge reduction of -14.1%.

Latham continued, “We put 2017’s dire market down to the surge of pre-registration Euro 3 machines that were registered in December 2016, however it is the 125cc market that is still the most depressed being down by -30.6% in May, and -32.2% behind in the first 5 months of this year so far. This equates to 5,824 less 51-125cc machines put on the road this year. The 126-650cc range is also falling behind, however less so at a -6.6% reduction in May and a -10.6% shrinking of the market for the first five months of 2017.

“The only positive news to come from May’s figures is a modest rise in 651-1000cc units from 2,891 machines in 2016 to 3,226 motorcycles registered. As usual the over 1000cc motorcycles almost came in with the same registrations as last May with 2,403 new bikes registered. Year to date, this sector is holding down well with a modest 1.3% growth for the year.

“May and June are usually very buoyant months for the industry as the summer weather attracts bikers out onto the road, however, with the uncertainty of the General Election and concerns over Brexit, motorcycle sales look set to continue to decline further over the coming few months.”

 

ENDS

NOTES TO EDITORS: Results taken from the Motor Cycle Industry Association Press Statistics May – New Motorcycle registrations.

Rupal Rawal, Press Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk Email: rupal.rawal@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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