March’s Plate Change Pushes Increase in the PTW March

Symon Cook, NMDA Head of Business Operations, commented on the current PTW market, “March was a successful month for the Power Two-Wheeler market, credited to March’s plate change. It is positive to see Motorcycle’s continued triumph within the market, in addition to ICE PTW’s encouraging figures. Although Honda continue to dominate the market, the BMW R 1250 GS Adventure is offering great competition to their leading models.”

Motorcycles’ market succession continued with a 7.0% increase during March, as well as a 1.9% increase YTD. Naked Motorcycles and Unspecified Motorcycles were key contributors to this, listing exceptionally good monthly figures. Despite Mopeds’ struggle, PTW registrations had an overall 3.9% increase in March.

ICE Power Two-Wheelers maintain their dominant position within the market, increasing 8.4% during March and 3.9% YTD. Electric PTWs figures were less positive, however this is attributed to supply issues.

Honda continue to control the market, with the Honda PCX 125 model achieving 374 registrations.

Symon Cook, NMDA Head of Business Operations, commented saying, “We look forward to seeing how the market unfolds during April. Although demand may soften, as a result of the Easter holidays and other external factors, we remain optimistic and believe motorcycle dealers can continue to hit their targets.”