MOTORCYCLE MARKET CONTINUES UPWARD TREND IN MAY

Published 17/06/2014 00:00:00 in Press Releases

“It is extremely positive to see that the motorcycle market was up by an impressive 8.2% in May,” said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK.

There were 10,509 more machines registered than May 2013 with sales reflecting new confidence in the market and economy.

The most significant improvement comes from the 651-1000cc sector which was up 15.7%, showing that the mature rider is returning to the market and buying new bikes - possibly motivated by the better weather conditions experienced this year.

Latham continued, “The sub 50cc light weight market increased 3.3% in May - this is the first increase in this sector for a significant period, suggesting encouragement among young riders is growing.

“In the first quarter of 2014, sales of powered two-wheelers increased by more than 12.3%. An additional 4,700 machines have been sold this year so far indicating optimism among dealers as a result of the many personal-leasing packages on offer from motorcycle manufacturers at the moment.”

 

ENDS

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

Rupal Rawal, Communications 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.

Back to Articles
Back to Articles

Cookies

This site uses cookies. Some cookies are essential to ensure our website works for you in the best possible way. You may delete and block all cookies from this site, but parts of the site may not work. To find out more about cookies on this website and how to delete cookies, click here to see our cookie statement.

Close