Motorcycles sales in the Philippines increased 13 percent in the first half to 613,896 units from 544,788 units in the same period last year, an industry group said Wednesday.
The Motorcycle Development Program Participants Association Inc. said the figure in the first half was in line with full-year growth forecast of 12 percent to 15 percent.
MDPPA president Armando Reyes said the association was confident of maintaining the strong sales momentum throughout the second half to match the growing market demand.
“Besides the good economy and more people having increased purchasing power, the strong market performance for the first six months of 2017 reflects the continued bullish demand for motorcycles. This is because motorcycles provide a practical and effective transportation alternative in the face of the worsening traffic conditions, particularly in Metro Manila. They are also very trendy and cost-efficient,” Reyes said.
