Australian Motorcycle Market is stable. After the first eight months of 2024, sales are reported at 59.668 (-0.9%). Yamaha is market leader with sales up in double-digit, while Honda follows, losing in double-digit. VMoto is leader in the fast growing electric scooter segment.
The June quarter 2024 Australian national accounts painted a picture of an anaemic economy, and whilst the challenges are not necessarily visible in key headlines, the 0.2% quarterly real GDP growth was more tepid than expected. Household discretionary consumption fell 1.1% this quarter, while the household saving-to-income ratio remained the same at 0.6%.
Taxes on production and imports rose 0.3%, with taxes on financial and capital transactions, land tax, and excise tax being responsible for most of this growth.
No surprise to see the Australian two-wheeler market (not including powersport) struggling with sales in the first 8 months of the year reaching 59.668 (-0.9%).
The market is losing more in the motorcycle segment (-1.4%), which counts for near 85% of the market, while the scooter segment is growing 2.8%, thanks to the positive performance of the electric segment, up 29.4%.
Looking at the single manufacturer, the leader is again Yamaha, with a sharp increase so far in 2024 and sales up 17.3%.
In second place, Honda struggles with sales down 13.8%.
In third the other Jap, Kawasaki, is down 3.0%, overtaking the Austrian KTM (-10.8%).
The local EV specialis, VMoto Soco dominates the scooter segment with sales up 35.8%.
