Negosyante News

February 22, 2025 6:02 am

Philippine Motorcycle Sales Surge 7% in 2024, Highest in Five Years

The Motorcycle Development Program Participants Association, Inc. (MDPPA) reported a 7% increase in motorcycle sales in 2024, marking the highest sales growth in over five years.

Record-Breaking Sales Figures

A total of 1,682,482 motorcycles were sold in 2024, surpassing previous years:
2023 – 1,577,597 units
2022 – 1,564,827 units
2021 – 1,435,677 units

The automatic category led the market, accounting for 64% of total sales, followed by the Business Unit (BU) category at 16%.

Philippines Leads ASEAN Motorcycle Growth

MDPPA president Alex Cumpas highlighted that the Philippines outperformed its ASEAN neighbors, with Indonesia and Malaysia only recording 2% growth.

“Despite ongoing challenges, this 7% growth is the highest in the region. We hope to surpass the golden years of 2019 when sales hit 1.7 million units.”

Factors Driving Growth

Cumpas attributed the sales boom to:
📌 Upcoming 2025 elections
📌 Favorable economic conditions
📌 Government support through motorcycle-friendly legislation

He emphasized that the industry remains focused on safety, innovation, and sustainability, with hopes of surpassing 2019’s record sales in 2025.

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