With the participation of business associations from Mexico, Argentina, Chile, Ecuador, Peru, Venezuela, Uruguay and Colombia, the first Bulletin of the Regional Market of Motorcycles and Vehicles in Latin America.
This newsletter seeks to provide reliable data on the motorcycle and mobility sector and trends in each country in the region.
In this first report, data on activity in the main countries of the region were disseminated.
In September 2024, the motorcycle market (2, 3 and 4 wheels) in Latin America recorded an increase in sales of 14.7% compared to the same period in 2023, with Peru and Colombia leading regional growth with 19.2% and 16.1%, respectively.
Peru, Colombia and Argentina achieved the highest increases in year-on-year sales of 2-wheeled motorcycles, with increases of 22.2%, 16.8% and 16.1%, respectively, without showing decreases in this segment.
In the 3-wheel motorcycle segment, Ecuador and Peru stood out with a growth of 118.7% and 12.5%, respectively, while in the 4-wheel segment, Colombia, Chile and Ecuador achieved increases of 83.3% , 32.6% and 5.4%.
Iván Darío Garcíatechnical secretary of the Motolatam Alliance, in which the Argentine chamber CADAM participates, pointed out that “this report is a reflection of the hard work that has been consolidated in the Alliance during recent months and this is one of the first deliverables that we are consolidating in favor of the motorcycle sector in the region, united and solid. Proof of this is that we recently had the accession of CADIMO, the association of motorcycle importers from Uruguay. This interest is a result of the impact that we are already generating in the region with the projects that are being carried out, including future standardization and road safety exercises.”
On the occasion of the launch of this report, García expressed concern “about the recent restrictive measures that some cities in the region, especially in Peru, have been trying to impose on the circulation of motorcycles on certain roads. These types of restrictions disproportionately affect the less advantaged classes who depend on motorcycles as an accessible and efficient means of transportation. Furthermore, these decisions are not supported by empirical evidence that justifies their implementation; In fact, studies carried out in Colombia have demonstrated the ineffectiveness of such measures in improving citizen safety or road flow.”
Source: Ambito
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