Ecuador Motorcycles industry in the last decade boomed becoming a strong reality for the Latin America market. In 2020 the market was resilient with 160.900 sales (-7.5%), scoring the third highest level ever. The Chinese Shineray is market leader ahead of two local manufacturers.
Argentine Motorcycles Market kept recovering. In the first half of the year, two-wheeler sales were 168.427, up 51.6% vs the 2020 and -8.8% vs the 2019. While the market leader Honda struggles, local manufacturers are fast growing.
Latin America motorcycles market (16 countries) in the 2020 was sharply hit by covid19, economic crisis and currencies depreciation with full year sales down in double digit at 2.6 million. All top markets declined including Brazil, Colombia, Argentina, Ecuador.
United States Motorcycles industry roars ahead in the 2021 with a spectacular increase reported for the first quarter with all segments in great shape. Quarterly sales, near the 0.2 million, were up 33% from the previous year. Honda is leader in the two-wheeler segment and Polaris in the 4-wheelers.
Zanella is an Argentine brand leader in the motorcycles production and sales in South America, established 70 years ago and icon of Argentinian industry, employing near 1.000 people and selling just over 100 K per year. In The 2018, while celebrating the 70th anniversary, they have lost the leadership in the home market.