Argentine Motorcycles Market collapsed in the 2019 hit by the economic and financial crisis. With 325.312 sales, in the 2019 Argentina was the worst motorcycles market in the World (considering the Top 50 markets) as year-on-year score and the sales level was the worst in the last 20 years. Honda has consolidated the leadership while Zanella lost 60%.
United States Motorcycles Market is moderately declining in the 2019, following the previous three years decline. Both motorcycles and ATV segments are losing terrain. Harley-Davidson is still the leader in the motorcycles while the gap towards the top challengers, Honda, could be closed in a couple of years. KTM, BMW and Triumph project the 2019 at new all time record.
Colombian Motorcycles industry in the 2019 is one of the fastest growing in the World and is projected at the best score out of the last five years. Indeed, sales in the first ten months of the year have been 505.000, up 11.4% with October at 52.169, +4.5%. Bajaj Auto is market leader ahead of the Honda and AKT while Starker and KTM are booming.
Brazilian Motorcycles Market continue to fly projecting the year over 1.1 million units. Indeed in the first ten months of the year sales have been 918.436, up 14.3% with October sales at 102.545, up 11.6%. Despite the already huge market share, Honda keeps gaining terrain over all competitors, while Suzuki is fast growing and Ducati is finally positive.
Ecuador Motorcycles Market in the 2019 has been hit by the economic crisis and is sharply declining. Indeed, in the first nine months of the year sales have been 89.733, down an heavy 28.7% and the perspectives for the remaining part of the year are not encouraging. The market leader is the Chinese Shineray with 17.4% of market share, followed by Suzuki.
Latin America motorcycles market in the first nine months of the 2019 was almost negative with sales at 2.27 million, down 6.8% from the correspondent period last year, despite the two largest markets, Brazil and Colombia grew up in double-digit. Several markets are rally collapsing, including Argentina, Chile and Ecuador.
Peruvian Motorcycles Market in the Q3 2019 is recovering after a shy start of the year and despite the political, social and economic environment are worsening. Year to date August sales were 216.067 (-3.9%). Honda is market leader despite losing 20%, followed by the local brand Wanxim and the Indian Bajaj Auto.
Guatemala Motorcycles Market continue to grow year after year and is the second largest in Central America after Mexico. The positive economic environment and the arrival of several new players have boosted the market in recent years up the 2018 24th position at global level.
Paraguay Motorcycles Market is the 29th largest in the World, despite in the 2018 was far from the over 200k record reported in the 2011. Last year sales felt 7% due to the not favorable economic environment. Over 95% of models sold are locally produced and the market is concentrated in local brands hands.