Motorcycle makers’ group reports 7% growth, highest sales in 5 years

A motorcycle manufacturers group on Thursday reported a 7% increase in motorcycle sales in 2024, the  highest sales figure for the sector n over five years.

The Motorcycle Development Program Participants Association, Inc. (MDPPA), a consortium of Japanese motorcycle manufacturers Honda, Kawasaki, Suzuki and Yamaha, as well as TVS Philippines, said 1,681,482 motorcycles were sold last year.

This was a significant rise from the 1,577,597 units sold in 2023; 1,564,827 units in 2022; and 1,435,677 units in 2021.

Majority of the units sold were in the automatic category, contributing to 64% of the sales, followed by the Business Unit (BU) category with 16%.

“Despite ongoing challenges in the industry, MDPPA is pleased to share that the 7% growth achieved in 2024 is the highest among our ASEAN neighbors… Indonesia and Malaysia experienced a growth of 2%, while others within the region recorded minimal growth numbers. We are hopeful that the golden years of 2019, when we recorded sales of 1.7 million units, could be surpassed this year in 2025,” said MDPPA president Alex Cumpas.

Cumpas added that the increase may have been caused by the upcoming 2025 elections, favorable economic conditions, and house bills supporting the motorcycle industry.

“The motorcycle industry has shown remarkable resilience, and as we move into 2025, we are focused on ensuring that safety, innovation, and sustainability remain at the forefront of our efforts… We believe that with continued support from both the industry and the government, we can surpass our 2019 sales figures and create a safer, smarter future for all riders,” Cumpas added. — Jiselle Anne C. Casucian/BM, GMA Integrated News