We’ve all heard about the worldwide motorcycle sales slump. Sales of motorcycles have been down for most manufacturers with a few bright spots here and there.
But perhaps the industry is turning the corner in some parts of the world. According to motorcyclesdata.com’s first quarter 2019 report, significant parts of the world are seeing sales growth. Surprisingly some are seeing very good growth.
Europe leads the market’s growth with Q1 growth reported at 23.6% increase. The country with the most growth was Poland (+87.3%) followed by Romania (+86.9%), Hungary (+72%), Lithuania (+71%), Slovakia (+54%). The “Big 5” markets fared well too, with France (+31.8%), Germany (22.1%) Spain (+19.1%), Italy (+17%) and the UK (+10%) all posting strong gains.
The ASEAN (Association of Southeast Asia Nations) region also grew at a total rate of 5.9%. This growth was mainly the result of strong increase in Indonesia whose sales are up 15% while Malaysia, Vietnam and Thailand saw losses.
Overall, Latin America saw losses, but Columbia was the bright spot posting a very significant gain of 15%. Columbia is predicted to take the third highest level of sales in the region.
So perhaps there’s a tidbit of positive news for motorcycle manufacturers. Overall, the global motorcycle market is down 5% in the first quarter, but there are signs of growth. That bodes well for manufacturers and for all motorcyclists.