Although in the first five months of the year the sale of motorcycles accumulates 286,780 units in the national market, this volume is 16.6 percent below those placed and registered in the same period of 2022. This is shown by the monthly report of Andi and Fenalco released on the morning of this Fridays, which shows, however, that only in May 56,936 motorcycles were registered in Colombia, 10.9 percent more than in April“which shows some signs of accuracy in the noticeable slowdown in this market.”
Also read: Car sales in Colombia fall again: in May they fell 30.1%)
The cumulative drop in sales of this means of transport, highly positioned among low-income people and young people, for whom it is also a key work tool, They are attributed to factors such as the high prices of the economy, high interest rates and uncertainty regarding the near future.especially in the less favored classes, they will notice in Andi and Fenalco.
What the monthly report of this market shows is that The motorcycles that are moving the most in the country are those whose cylinder is between 111 and 135 cubic centimeters (cc), of which 22,692 units were registered in May, nearly 4,000 fewer than those registered in the same month last year. That number of motorcycles placed last May in that segment represents 40 percent of the total sold in that month.
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According to the unions, Colombian families prefer motorcycles for their benefits in saving time and money, being the best-selling vehicle class in the country. However, note thatthat difficulties persist for new motorcycle buyers to acquire the Compulsory Traffic Accident Insurance (SOAT), above all, in some regions such as the Caribbean, which has had a negative impact on the sector.
Cundinamarca, with 19.2 percent; Antioquia, with 16.4 percent, and Valle del Cauca, with 10.2 percent, stands out as leading the top three departments with the highest sales of these vehicles, representing 45.4 percent of the total with 130,295 units.
