Scribd Logo
Upload

Welcome to Scribd!

  • 67 views

    Colombia: Motorcycle Sales Show The Best Score in The Last Five Years

    Uploaded by

    HARISH ROHAN
    Colombia's motorcycle industry experienced its best year in the last five years in 2019. Motorcycle sales grew 13.4% in the first half of the year and were projected to reach 590,000 units for the full year, the highest annual total in five years. The growth has made Colombia the second largest motorcycle market in South America. The leading brands in Colombia are Bajaj, Yamaha, and Honda. Motorcycles now make up 57% of Colombia's vehicle fleet, having surpassed cars as the preferred mode of transportation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Colombia: Motorcycle Sales Show The Best Score in The Last Five Years

    Uploaded by

    HARISH ROHAN
    67 views2 pages
    Colombia's motorcycle industry experienced its best year in the last five years in 2019. Motorcycle sales grew 13.4% in the first half of the year and were projected to reach 590,000 units for the full year, the highest annual total in five years. The growth has made Colombia the second largest motorcycle market in South America. The leading brands in Colombia are Bajaj, Yamaha, and Honda. Motorcycles now make up 57% of Colombia's vehicle fleet, having surpassed cars as the preferred mode of transportation.

    Original Title

    577808

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Colombia's motorcycle industry experienced its best year in the last five years in 2019. Motorcycle sales grew 13.4% in the first half of the year and were projected to reach 590,000 units for the full year, the highest annual total in five years. The growth has made Colombia the second largest motorcycle market in South America. The leading brands in Colombia are Bajaj, Yamaha, and Honda. Motorcycles now make up 57% of Colombia's vehicle fleet, having surpassed cars as the preferred mode of transportation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    67 views2 pages

    Colombia: Motorcycle Sales Show The Best Score in The Last Five Years

    Uploaded by

    HARISH ROHAN
    Colombia's motorcycle industry experienced its best year in the last five years in 2019. Motorcycle sales grew 13.4% in the first half of the year and were projected to reach 590,000 units for the full year, the highest annual total in five years. The growth has made Colombia the second largest motorcycle market in South America. The leading brands in Colombia are Bajaj, Yamaha, and Honda. Motorcycles now make up 57% of Colombia's vehicle fleet, having surpassed cars as the preferred mode of transportation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 2

    Colombia: motorcycle sales show the best

    score in the last five years

    During 2019, the Colombia´s motorcycle industry has been one of the fastest growing
    in the world and is at the best score out of the last five years.

    The Colombian motorcycle industry has experienced a positive year, along with
    Brazil in the region. Due to the current year gain and the simultaneous fall of the Argentine
    market, Colombia becomes the second largest motorcycles industry in South America. The
    growth has been strong since the beginning of the year, with sales in the first 6 months
    accounting for 291,422 units and representing up 13.4%.

    During the second semester, the market kept the growing tendency, with 9.8% in the
    third quarter and is projected to end the year at 590,000 units, the best score in the last five
    years and the third best level ever.

    The market leader is the Indian brand “Bajaj Auto Ltd.” with 116,403
    units, up 4.9%, Bajaj also holds represents the best-selling model,
    with the Boxer 100 CT.

    In second and third position are the Japanese brands


    “Yamaha” with 92,621 units, up 11.0% and “Honda”
    with 86,978 units, up 17.3% respectively, followed by
    the Colombian company “AKT Motos” with 71,255,
    up 4.4%.

    In the fifth and sixth place is “Suzuki” with 41,188


    (+15.5%) and the Indian company “Hero Motorcorp
    Ltd.” with 20,413 (+15.2%) respectively.

    Finally, the last places are occupied by the local


    brand “Victory” with 20,081 (+14.0%) and the
    Taiwanese brand “Kymco” with 19.637 (+9.6%).

    Thai Trade Center Phone: +56 2 2203 3386


    Av. Andrés Bello 2777, Of.2802, +56 2 2203 3387
    Las Condes, Santiago, CHILE E-Mail: thaitrade@ttcsantiago.cl
    It is worth noting that there are six motorcycle manufacturers in Colombia (the oldest
    is active since 1942) which operate assembling in partnership with top international firms,
    such as Honda, Kawasaki, KTM, Kymco, Victory, Yamaha, Suzuki, Hero producing both for
    domestic market and export.

    Motorcycle displace cars


    In Colombia, with almost 50 million inhabitants has a fleet of 14,486,716 vehicles, of
    which 8,313,954 are motorcycles, with 57% of market share, according to the latest figures
    2018, informed by the Colombian RUNT’s National Single Transit Registry. Indeed, last year,
    810,938 new vehicles were registered, of which 546,963 representing 67% were motorcycles,
    followed by 140,058 automobiles which accounted for 17% and the rest corresponds to
    trucks, pick up and buses (16%).

    The largest number of motorcycles are founded in Bogotá, followed by Envigado,


    Girón Sabaneta and Cali. On average, there is one motorcycle for every 5 people living in
    the country.

    Colombians prefers choosing a motorcycle over other vehicles, due to the increase of
    purchasing power in the medium class and the effort to find new alternative of independent
    job, such as deliveryman. Another reason is that Motorcycles are considered easy and fast
    means of transport to the university or workplace, in order to avoid the traffic and to save
    time.

    Motorcycles are becoming part of Colombian´s


    lifestyle, since the country has been chosen as a production
    hub by several Asian manufacturers. The sector has
    been developing rapidly, and related products such as
    accessories, equipment and clothing are also necessary,
    specially, good quality safety equipment. According to
    some local newspapers, more than 600 motorcyclists
    passed away in traffic accidents within this year,
    corresponding to 47% of total vehicles accidents

    Source: www.america-retail.com
    www.caracol.com.co
    www.motorcyclesdata.com
    www.larepublica.co
    Thai Trade Center, Santiago - Chile
    December 2019

    You might also like