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New motorbike registrations for July shoot up 11 per cent

This year shows an increase in motorbike registrations
This year shows an increase in motorbike registrations
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By Ingeborg Holba

New motorcycle registrations are up 11 per cent leading to a revised forecast for 2014

New motorcycle registrations are up for the seventh consecutive month this year according to the Motorcycle Industry Association's (MCI) press statistics, and the numbers are pretty impressive.

Steve Kenward, CEO of MCI said of the rise: "At the beginning of the year, we forecast the sale of around 92,000 motorcycles. As a result of strong performance, we have revised this to around 100,000 units for 2014."

With those remarkably high numbers, it looks like our story on the global motorbike market being worth $50bn by 2016 might look set to ring true and then some - especially if numbers continue to rise; 14.5 per cent more bikes were registered in July of this year, compared to July 2013, thus representing an overall increase of 11.4 per cent (year to date).

The biggest increase was seen in naked bikes as new registrations at an astounding 37.7 per cent year to date, and up 38.2 per cent compared to July last year.

To read the latest statistics in MCI's July 2014 and year to date comparisons for new registrations by style in more detail click here.

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