New motorcycle market fell by 16% in 2022

Last year, residents of the Russian Federation purchased 15.5 thousand new motorcycles. This is 15.9% lower than in 2021, experts of the agency "AUTOSTAT" reported with reference to the data of JSC "PPK"*. If for first three months of 2022, sales of motorcycles by Russians was on the rise and showed a positive trend, then the market began to go negative. Moreover, the largest drop occurred in May, when the number of purchased motorcycles decreased by about 40%. In the summer months (from June to August), the situation began to change for the better: seasonal demand corrected the situation on the market. However, since autumn, we have again seen a drop in this segment, expressed in double digits.

So, in December 2022, the market of new motorcycles in Russia fell by 34%. The agency's experts also noted that the Russian market of new motorcycles has undergone major changes in the breakdown by country of origin. So, if a year ago the share of manufacturers from China in this market segment was 31.9%, now it has grown to 48.5%. The market share of Indian motorcycles also increased from 13.3% to 15.1%. But the share of new Japanese and German motorcycles in Russia decreased more than 2 times: Japanese - from 14.3% to 7.1%, German - from 15.4% to 6.8%.

* JSC "PPK" ("Passport Industrial Consulting") is a joint venture of JSC "Electronic Passport" and LLC "AUTOSTAT".