Brazilian Motorcycles Market continue to fly in the 2019, following the 2018, when it was the fastest growing market within the World’s top 25 global. With the +8.8% scored in May, the industry kept growing in double digit. Under the Honda dominion, Suzuki booms 166% and Triumph kept growing.
Latin America motorcycles market in the first quarter 2019 felt down 4.9% hit by the sharp fall reported by Argentina and Ecuador and by the slow speed of Mexico. The largest market is Brazil, which counts 28% of the total and is growing in double-digit.
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.
Argentine Motorcycles Market is collapsing hit by the economic and financial crisis and in the first five months of the 2019 have lost 49% of volume, being the worst market globally. Honda has consolidated the leadership while Zanella dropped in third place, overtaken by Motomel. The italian Benelli is leader among the premium brands.
Colombian Motorcycles industry boomed 27% in May reinforcing the already magnificent and scoring a year to date 2019 increase of 12.9%. Yamaha and Honda are reducing the gap from the market leader, the Indian Baja Auto. The fastest growing brand so far has been Victory.
Peru Motorcycles Market started the 2019 with a moderate decline after the quite positive end of the 2018, the best year in this decade. Sales at February felt 1.9% mainly due to the trimotors decline. The market is stable despite the negative effect of the ISC tax, which increased duties by 10% since May 2018. While over 300 brands are fighting in the market, Honda dominates.
Ecuador Motorcycles Market in deep fall during the first quarter 2019, following the outstanding performance scored in recent years. Hit by a deceleration in the domestic demand and cloudy economy, the market ended the quarter with 28.980 sales, down 30.9%. The market leader is the Chinese Shineray with 17.4% of market share, followed by Suzuki.
United States Motorcycles Market has lost 3% in the 2018, with volumes back at 2012 level. However inside the market a revolution is in a place and Americans will be shocked to see in 2-3 years that Harley will not even be the market leader. In addition Harley Davidson is one of the most damaged American company by the “American First” protectionist strategy