The Motorcycle Development Program Participants Association (MDPPA) announced that sales figures for 2016 have exceeded expectations with a 35% year-over-year growth or 1.14-million units sold.
In a press event, the MDPPA reported that the Moped or Underbone category hit an all-time high with 418,043 units sold, accounting for 37% of sales in 2016. Following closely was the Business Motorcycle category which sold 368,270 units or 32% share of the sales pie.
Meanwhile, Automatic Transmission Motorcycles posted 274,104 units sold last year. This category experienced the highest growth with a 51% increase from 2015.
The group is optimistic that it can replicate or even surpass this feat this year due to consumer demands for a more mobile and more fuel efficient mode of transportation in major cities. They conservatively predict that 2017 will bring a 12 to 15% growth in sales.
MDPPA consists of motorcycle brands such as Honda Philippines Inc., Kawasaki Motors Philippines Inc., Yamaha Motors Philippines Inc., Suzuki Philippines Inc., and Kymco Philippines Inc.
Latest News
-
DPWH says NLEX Harbor Link passable by December 2018 / News
The Department of Public Works and Highways acquires their right-of-way for NLEX Harbor Link Segment 10.
-
VW’s EV production facility set to commence operation by 2020 / News
Volkswagen shall be able to quickly deploy a high volume of EVs in China.
-
2018 Mini Festival exposed visitors to the brand and its lifestyle / News
It would have been the best place to convince yourself or your family that you need a Mini in your life.