Because the motorbike trade copes with the post-COVID-19 world, we’ve seen each European and Asian markets expertise durations of spikes and slumps. These rollercoaster gross sales charts could not qualify as the best progress fashions, however they’re all of the envy of Australia’s motorbike and scooter market.
By the top of 2022, the Land Down Below’s two-wheeled gross sales shrunk by practically 20 p.c. Whereas the nation slowed the bleeding in Q1 2023, it nonetheless registered an 8.1-percent drop in comparison with the identical interval in 2022. Essentially the most vital lower occurred throughout the scooter phase, the place Aussies solely bought 1,434 items. In opposition to the 1,696 autos bought within the first three months of 2022, that accounts for a 15.4-percent gross sales plummet.
The off-road phase didn’t fare significantly better both. Promoting simply 8,242 items, the class reported a 14.5-percent dip in comparison with the 9,644 bikes registered in Q1 2022. Then again, on-road fashions returned a extra modest lower. Between January and March, 2022, Australian prospects bought 9,723. Throughout that very same interval in 2023, sellers moved 9,150 items, equating to a 5.9-percent decline.
The market’s solely saving grace was the OHV phase, which incorporates ATVs and side-by-side autos. Although the category solely recorded 3,548 items bought, that’s an 8.3-percent enchancment over the three,275 examples bought in Q1 2022. Total, customers purchased 22,374 autos within the first three months of the 12 months, leading to an 8.1-percent market contraction when in comparison with the 24,388 items bought through the first quarter of 2022.
Just like the 2022 year-end figures, Australia’s Federal Chamber of Automotive Industries’ (FCAI) report doesn’t embody gross sales numbers from manufacturers like Royal Enfield, Benelli, MV Agusta, Segway, CFMOTO, or Kymco. Given these exemptions, critics estimate that complete Q1 2023 gross sales could possibly be nearer to 30,000 items. Sadly, with out information to again up these claims, the FCAI can solely relay one other quarter of struggling gross sales.