Paraguay 2024. Motorcycles Market Up 26% After 4 Months

Honda Transalp 750
Honda Transalp 750

Paraguay Motorcycles Market is in a positive mood. Year to Date April figures at 24.901, up 26.3% The local manufacturer, Kenton, is by far market leader ahead of Taiga and Honda.

The motorcycles market in Paraguay represents the primary individual device for local people, still living with one of lowest per-capita income in the region. 

Most of vehicles sold are motorcycles imported from China and locally assembled and sold with local brands, while international OEMs, like the Japanese and the Indian have a marginal rule and premium brands, like BMW or Triumph have just very little sales.

In recent years the market was between the 50 and 60 thousand annual sales, with 2023 ended at 58.829 (+18.1%)

The start of 2024 was very positive with Year to Date April figures at 24.901, up 26.3%

Over two-third of the market consists in motorcycles, while scooter count one third and are not growing.

The electric segment is still very small, but so far this year reported an encouraging +57%

The market is dominated by the local manufacturer Kenton, which increased 27.7% this year. In second place Taiga (+22.3%) and in third Honda (+37.1%).