The motorcycle industry like any other is constantly changing and evolving – and whether you’re a two-wheeled vehicle veteran or part of the new generation of riders, purchasing a new motorcycle is not a decision to be taken lightly.
Careful consideration of the statistics can give you essential insight into the current state of the motorcycle world, in order to help you make the best choice.
What Do The Statistics Show?
According to the Motorcycle Industry Association (MCIA) new motorcycle registrations (not including mopeds) have actually increased by as much as 9.6% in the last 12 months. The latest figures released by the MCIA are taken from February 2017 to 2018, and show a total of 8,618 registrations from last month, compared to 7,865 the year before.
In contrast to last years’ marked decline between July 2016 and July 2017, the figures show a clear consistent increase. With the total registrations for motorcycles, mopeds and tricycles reaching 9,401, as opposed to 8,782 in 2017. The total registrations have gone up by 7%.
Custom motorbikes have seen a big increase in registrations, with 314 in February 2018 compared to 230 in February 2017. .
Even electric bikes are showing growth, with February sales increasing by 78.6% – however the rolling year is still showing a downturn of 7.2%.
When it comes to engine type, 126-650cc motorbikes have seen the biggest percentage increase in registrations 664 were registered in Feb 2017, and 806 were registered in Feb 2018 – showing a 21.4% increase.
Honda managed to dominate three of the highest registering model categories, within each style last month. Taking the adventure sport, retro style and scooter categories – with the most popular model purchased in February being the Honda PCX 125, at 139 registrations.
Amongst all the major motorcycle brands, Honda has once again been the most successful – as the table below shows:
|MAJOR BRANDS||Feb 2018 Registrations|
The popularity of Honda may be attributed to it’s diverse range, advancements in technology or simply it’s simplicity – whatever the reason they continue to stay on top of the statistics.
From looking at the MCIA figures, it’s clear that people are slowly starting to invest more in motorbikes, with a marked increase in new registrations – and Honda continues to be the go-to brand for many riders.