The Motorcycle Development Program Participants Association (MDPPA), the premier group of motorcycle manufacturers in the country, whose members are: Honda Philippines, Inc., Kawasaki Motors Philippines, Inc., Yamaha Motor Philippines, Inc., Suzuki Philippines, Inc. and Kymco Philippines, Inc., recorded a new sales benchmark after capping its first six-month performance with a 42 percent year-on-year sales growth. MDPPA members recorded combined sales of 544,699 motorcycle units in the first half of 2016, which exceeded previous projections.
Based on previous years’ trends, July to December usually bring in better commerce, making the association bullish about reaching more than 1 million mark by the end of the year. Total sales for 2015 was at 850,509 units. In terms of sales by motorcycle type, the Moped (MP) model or the underbone motorcycle holds the most number of units sold in the first half of 2016, overtaking the Business (BU) models category which led the numbers in H1 2015. With 205,636 units sold from January to June 2016, the MP class posted a 58 percent y-o-y growth. This is followed by sales of the BU category totaling 171,035 units. The automatic category, meanwhile, with sales of 125,528 units, registered the greatest y-o-y growth of 66%. The Street (ST) motorcycle category posted an 11 percent y-o-y growth with 42,149 units.
MDPPA President Rodel Pablo attributes this outstanding mid-year performance to various factors. “The introduction of affordable but reliable motorcycle models propelled the sales performance of MDPPA member manufacturers. The traffic congestion in major cities, such as Metro Manila, also prompts commuters to look for alternative modes of transportation. Commuters consider motorcycles as a fast and affordable transportation alternative,” he shared.
“The flourishing sales figures of the motorcycle industry are a clear indication of how the country’s improving economy contributed to the group’s mid-year performance. BU motorcycle numbers, for instance, show that many of our countrymen are making a living through tricycles or that many SMEs are using motorcycles in their daily operations for delivery services,” Pablo added.
Feb 19, 2016 0
Nov 18, 2015 0