Brazilian Motorcycles Market is skyrocketing. The market speed declined during the second quarter 2022, while remaining widely positive. In April and May sales increased respectively by 12.6% and 19.5% with Year To Date May figures over half a million (+24.5%).
Brazilian Motorcycles Industry Trend and Perspectives
The Brazilian Motorcycles Market started the 2022 very well, following the strong consumer demand and thanks to more products available from plants, after a long short supply.
In the first quarter scooter and motorcycles sales have been 272.793 (+33.4%), the fastest speed in Latin America, although the previous five years growth.
The market speed declined during the second quarter, while remaining widely positive. In April and May sales increased respectively by 12.6% and 19.5% with Year To Date May figures over half a million (+24.5%).
The main factor behind the growth is with increased capacity for parts and components in the Honda plant, after the long difficulties related to the supply chain disruption last year. Issues are not all solved, but the quarter production was finally strong and Honda, by far market leader, increased sales by 27.7%.
Similar the situation for the Chinese Shineray, which boosted production and sales (+224%).
The electric market is finally showing some news, with the local start up, Voltz, moving up at record 2.439 sales so far (from just 144in the correspondent period last year).
While this speed cannot be maintained in the rest of the year, the mood will remain up and the market is set up to hit the new best in the decade.