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Tuesday 7 March 2023

UK new motorcycle registrations

UK: Motorcycles +2.01% for 2022

The latest available data from the MCIA (the motorcycle industry trade association in the UK) show full-year UK new motorcycle registrations at +2.01% compared to 2021 at 108,510 units for the year, the highest since 2016.

Given the economic circumstances in the UK, this is a good result. However, growth evaporated in the second half of 2022 with five out the six months negative; two of those months were greater than -11% down. Based on trend, excepting for an unlikely bounce in the first half of 2023, the UK motorcycle market is clearly already in recession, with the second half of 2022 down by almost 7%.

Total new PTW registrations in the UK in 2022 were +1.95% for the full year at 115,633 units - the second-best market performance since 2009. However, the second half negative trend is baked into all sectors of the powered two-wheeler market in the UK. Within that data, total scooter sales in the UK were +1.9% for the full year.