The Motorcycle Industry Association (MCIA) has recently published sales figures for December, and the full year of 2023 for new motorcycle, scooter and other L-Category vehicles.
The December market closed at 5236 registrations, taking the full year-to-date volumes to just over 113,500 units,-2.5% compared with 2022. While this represents a small decline, the market continues to be incredibly robust when compared with other retail sectors. Unlike the automotive sector, which has seen large swings in year-on-year volumes over the past three to five years, it is encouraging to see the L-Category sector remaining consistent, more predictable, and therefore a trustworthy market to do business in.
As we enter a year of further economic challenges, the industry is confident it can successfully navigate these challenges, while at the same time…