Connect with us

Hi, what are you looking for?


Motorcycle sales up 16.7% in Q1 as demand rises 

PHILIPPINE motorcycle sales increased by 16.7% in the first three months of the year amid surging demand, said a sellers’ association, as it expects a 10% sales growth for 2023.

Motorcycle Development Program Participants Association, Inc. (MDPPA) said in a statement on Thursday that the motorcycle sales of its group members — Honda, Kawasaki, Suzuki, and Yamaha —reached 447,429 units, short by 3,674 units from 2019 sales of 451,103 units. 

Of the total first-quarter sales, scooters accounted for a share of 60% or 269,652 units, followed by business units with an 18.6% share or 83,616 units, mopeds or underbond motorcycles with a 17.2% share or 77,152 units, and street and big bikes with 4% or 17,000 units.

“We hope that the performance of the first quarter will be sustained. The market is so volatile as influenced by internal and external variables,” MDPPA President Norminio C. Mojica said.

Amid improving sales, Mr. Mojica disclosed that MDPPA is aiming to reach a 10% sales growth this year.

“Our conservative forecast this year is 10% growth, in light of the headwinds of [an] imminent recession in the US and other regions. If the existing business landscape will prevail, the 1.7 million units recorded sales in 2019 may be surpassed,” Mr. Mojica said.

According to MDPPA, around 149,000 units were sold on average per month in the first three months, which is higher than the monthly sales average of 127,000 units in the same period last year.   

“This makes the three-month totals of 2023 the best-recorded sales in comparison to the first quarters of the three previous pandemic years, including 2020, 2021, and 2022,” the MDPPA said.

In 2022, MDPPA members sold 1.54 million units, up 9% compared with 1.43 million units sold in 2021, led by scooter sales. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



THE PESO may move sideways against the dollar this week ahead of the release of May inflation data, which could affect the central bank’s...


PHILIPPINE SHARES may trade sideways ahead of the release of May inflation data and after US President Joseph R. Biden signed the debt limit...


By Luisa Maria Jacinta C. Jocson, Reporter THE Department of Finance (DoF) said it is studying options like lump-sum payments to reduce its potential...


THE Department of Trade and Industry said the new Philippine Export Development Plan (PEDP) will be launched on June 15.   Trade Secretary Alfredo...


THE Metropolitan Waterworks and Sewerage System (MWSS) said it is still awaiting the approval of the National Economic and Development Authority (NEDA) to proceed...


THE GOVERNMENT should not grow too dependent on “sin” taxes, which are regressive, and needs to focus on improving tax administration, analysts said. Ateneo...

You May Also Like


Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...


The number of small businesses planning to increase prices to their customers is set to rise dramatically this quarter, further fuelling inflationary pressures. A new quarterly analysis of...


Canary Wharf Group and The Felix Project, a food redistribution charity have agreed a long-term partnership that will see them join forces to tackle...


THE MARCOS administration’s plan to revive the Philippine Sugar Corp. (PHILSUCOR) has raised concerns from stakeholders, who said this may duplicate other agencies’ existing...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.