Argentine Motorcycles Market finally gave a sign of recovery i September after 25 months of decline. Sales have been 28.462, up 49.5% with year to date figures at 184.932 (-29.0%). However, next month can confirm is the negative trend is really over.
Two-Wheeler market in September
September finally reported a positive year on year data for the motorcycles industry, actually dropped at lowest level in this century.
Sales have been 28.462, up 49.5% with year to date figures at 184.932 (-29.0%).
Brand-wise, in the first nine months of the year, Honda is on top of the list with 43.370 sales (-28.4%), followed by Motomel with 24.478 (-28.3% and Corven with 24.415 (-19.3%).
In fourth place Gilera with 19.753 (+4.4%) ahead of Keller with 12.019 (-33,0%) and Yamaha with 11.483 (-31.4%).
2020 Motorcycles Market Data & Outlook
The financial and economic crisis which invested the country in the last two years have severely hit the motorcycles industry with sales and production dropped down by near two-third in the last three years.
Already before the covid 19 arrival, the 2020 outlook was negative with sales deeply declined in the first two month. When the first actions to contain the virus spread have been taken, the market kept dropping, ending the first quarter with only 67.954 sales (-37.3%) .
In the second quarter the environment was – of course – really negativ and the total motorcycles sales at the end of the first half were only 1.7.495 (-39.6%) hitting the lowest level in the last 50 years.
The third quarter signed a progressive recovery, with July down 23.8% and August dwon 4.0%.
Market Outlook 2020-2025
In the Beyond Covid19 project, we are revising on monthly basis and sharing with our Clients the 2020-2025 motorcycles market outlook. Demand for a more individual mobility and the increased offer of more performing electric scooter is speeding up the industry trend.
Actually the outlook for Argentina is improving but we must wait for October figures to confirm a new trend. The 2020 is projected at 244.446 units (-23.6%).