MDPPA nearly breaches 500k-sales mark in Q1 2023

The Motorcycle Development Program Participants Association, Inc. (MDPPA) nearly breached the half-million sales mark after delivering 447,429 units to customers in the initial quarter of 2023.

With such volume in sales, the group composed of Honda, Kawasaki, Suzuki, and Yamaha experienced a 16.7-percent sales increase — from an average of 127,000 motorcycles in January-March 2022 to 149,000 vehicles delivered to clients per month.

In addition, the group boasted that the overall first quarter sales figure is only 3,500 units short of the 451,103 vehicles turned over to buyers in 2019.

 “We hope that the performance of the first quarter will be sustained. The market is so volatile as influenced by internal and external variables. Our conservative forecast this year is 10 percent growth, in light of the headwinds of 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,” MDPPA President Norminio Mojica said.

Holding the biggest share of the motorcycle market in the opening quarter of 2023 is the scooter segment after turning over a total of 269,652 units to customers (60 percent).

Nameplates under the business units (those used for commercial purposes) were hailed as the group’s second best-selling models after rolling out 83,616 examples to buyers and cornering 18.6 percent of the market.

The underbone motorcycles (mopeds) took 17.2 percent of the total sales with 77,152 units sold while the Street and Big Bikes had the remaining four percent with 17,000 units sold.

Photos from Ruben Manahan IV, Motorcycle Development Program Participants Association Inc.

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