The latest Power Two Wheelers (PTW) registration figures for May 2022 show an increasing consumer appetite for electric models whilst registrations decrease for all other PTWs, Symon Cook, Head of NMDA, commented on the latest MCIA new registration figures.
In May 2022, all categories of PTWs experienced a decline. Motorcycles led with the least registrations at 11,237 units, an -11% decrease from May 2021. Although competition, modern classic, road sport and touring registrations increased collectively by 45.2% from the last month.
Predictably, electric registrations increased by 11.4% to 567 units. The continued increase in electric can be attributed to the cost of living crisis, environmental factors and constraints on the supply chain.
Although tricycles experienced a collective decline of -7.1%, scooters increased by 23.4% from the previous year as they are a cheaper and more efficient alternative to cars in urban environments. Scooters can therefore be expected to increase in registrations further in the coming months.
This month, the Yamaha NMAX 125 with 395 units is the highest registering model within each style. Honda CBF 125M follows second at 235 units.
Symon Cook added, 'as with the car and van market, the PTW market is showing lower registrations which can be attributed to issues in the supply chain, and the cost-of-living crisis. The market is changing in response to these issues resulting in increased electric registrations. Dealers remain optimistic but conscience of changing consumer trends.
NOTES TO EDITORS
About the RMI
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.