Brazil 2024. Motorcycle Market Kept Momentum In The First Quarter

18828
Mottu Sport 110
Mottu Sport 110

Brazilian Motorcycles Market is skyrocketing. During the first quarter 2024 new motorcycles sales have been 412.414 (+16.1%) a huge increase after the +21.3% scored last year. Honda, Yamaha and Mottu on the podium.

 

Brazilian Motorcycles Industry Trend and Perspectives

Following the already outstanding last years pathway, with the domestic market boomed from below 1 million in 2018 to 1.57 million in 2023, reaching the seventh place in the world, it seems the demand for new two-wheelers is still strong and we are going to assist at a new record this year.

Indeed, during the first quarter 2024 new motorcycles sales have been 412.414 (+16.1%) a huge increase after the +21.3% scored last year.

While motorcycle segment is growing at 10.2% pace, the scooter segment accelerates and is up 28.7% this year, so far.

Still very small, but even the electric segment is contributing with sales up 7.2%.

Looking at top manufacturer’s performance, Honda is still on top with sales up 17.3% selling near 0.3 million vehicles

In second place Yamaha is growing as well (+5.2%) while the local manufacturer Mottu is in third place with sales up 11.5% and a narrow gap over the closer follower, the Chinese Shineray (+80.4%).