Friday 22 August 2014

UK Market Growth continues

UK Market Growth continues

According to data released by the MCIA, the UK's motorcycle industry trade association, July saw a UK motorcycle registration growth of 14.6 percent (8,800 units) over July 2013, making it the fifth consecutive month of growth in a 15 month cycle that has seen negative numbers only twice.




For the year to date, the UK market is up 13.1 percent (at 57,937 units), which represents a tenth straight month in which the UK has seen growth on a year to date basis.

With some two thirds of the year's motorcycle sales already made in the UK, it now looks likely that the British market will exceed the 1.2 percent growth that it achieved in 2013 and the 1.1 percent growth seen in 2012.


In total PTW terms, July was up 13.9 percent (9,886 units) for a fifth straight month of growth. For the year to date the UK is running up by 11.4 percent in total PTW registration terms (63,880 units).
MCIA CEO Steve Kenward comments: “The Motorcycle Industry Association is pleased to report  another month of growth, and as a result of strong sales so far this year we have revised our forecasts for 2014.  They were originally estimated at around  92,0000 units for 2014, but we are looking closer to 100,000 units”.