March Powered Two-Wheeler Registration Statistics - Market Regaining Ground
MCIA today released the March month and year to date new vehicle registration figures for motorcycles, scooters, and other L-category vehicles.
March month closes at a very encouraging 3.9% up on the same month in 2022 which as expected has made up for the negative year on year volumes from January and February. With the strong month of March, the year-to-date market is now back in line with the 2022 volumes. What is very encouraging is the strong motorcycle segments which experienced a 9.8% growth in March but surprisingly scooters are currently facing challenging market conditions which is being influenced by a drop in demand for last mile delivery solutions.
Overall, we are encouraged to see the market recovering from a slow January and February and expect to see strong demand as we enter the spring and early summer period.
Tony Campbell, CEO of MCIA said, “It's encouraging to see the market regain the lost ground from earlier in the year. We expect demand to remain strong but are keeping a close eye on the scooter segments and in particular, battery electric. We are continuing to work with Government on addressing the reduction of the Plug-In grant and will be working with our members on putting together a more complete proposal for Government to consider ensuring the potential is fully realised for the sector”.
More details on the March registration figures can be found here.
Please credit MCIA when quoting this information.
Notes for Editors:
The MCIA is the body that represents the UK Powered Light Vehicle (PLV) industry. PLVs can be defined as motorised lightweight scooters, motorcycles, tricycles and quadricycles, typically with zero or low-emission power.
Within regulation they are defined L-Category vehicles (Regulation 168/2013), they are an answer to the traffic congestion and air quality challenges created by personal and goods transportation.
For more information about the work of the MCIA and Powered Light Vehicles, or to interview MCIA CEO, Tony Campbell, please contact Gina Evans at email@example.com