Spain Q1 motorcycle registrations +3.43%
According to the latest available data from ANESDOR, the motorcycle industry association in Spain, motorcycle registrations were up by +3.43% for the first three months of 2024 at 45,016 units - the best Q1 in Spain since before the 2007/2008 financial crisis.
January was up by 17.23% (15,440 units), February was +22.52% (15,237 units), with March -9.65% (16,188 units). All sectors in Spain were down in March with mopeds -12.7%, scooters -11.4% and 'electrics' -32.4% (-28.2% for Q1). In total PTW terms, Q1registrations were +2.73% at 47,614 units.
Honda was motorcycle market share leader, selling 10,678 units in Spain in Q1 for a 23.7% market share. This was followed by Yamaha (7,202 units for a 16.0% share), KYMCO (6.8% share), BMW (6.2%) and Kawasaki fifth with a 4.4% market share.
The best-selling model in Spain in Q1 was the Yamaha NMAX 125 (1,937 units), followed by the Honda PCX 125, Honda SH 125I, Yamaha X-Max 125 and the Honda Forza 125 in fifth spot. The Honda ADV 350 was sixth; the top selling large displacement motorcycle was the BMW R 1300 GS in tenths spot overall.
For the record - 2023 saw motorcycle registrations up by +13.44% (199,210 units sold) - the strongest year since before the 2007/2008 financial crisis. The five months between March and July accounted for nearly half of annual sales. Total PTW registrations for Spain were up by 11.82% at 213,821 units - also the best data for the Spanish market since 2008 (309,710 units). In displacement terms, it was larger cylinder capacity motorcycles (and therefore, typically, the most expensive models) that were the highest growth sector in Spain in 2023 with machines over 750 cc up by +24.1% and those between 125 cc and 750 cc up by +18.2%. Scooters continue to be the most popular single sector in Spain with registrations up by +14.3% (110,467 units - some 55% of sales). The total fleet (Park) of motorcycles and light vehicles in Spain is now 5,978,888 units, with an average age of 17.4 years.
