Site Map You are here: Home > Bike insurance news > Jun 09 > Motorcycle market dips
Motorcycle market dips
Breaking news provided by MotorCycle Direct - specialists in bike insurance.
Written by Paul Jarvis, 08/06/09
Looking for a bike insurance quote?
The UK motorcycle market saw a fall in sales during May as the recession continues to affect the industry, but the sector is expecting to see a strong future ahead.
According to the latest figures from the Motorcycle Industry Association (MCIA), 11,592 new motorcycles, mopeds and scooters were registered in May 2009, representing a 16.6 per cent dip compared to the same month in 2008.
However, the organisation said there remain reason to be optimistic over the future of the industry, particularly for its long-term health after the recession is over.
The MCIA explained 24 per cent of all new registrations were motorcycles up to 125cc, which is considered to be an important class for novice and new bike riders and suggests many will be taking out bike insurance for the first time and offers hope of the creation of a new generation of riders.
Sheila Rainger of the MCIA said the industry has a bright future ahead, pointing out that a significant advantage of riding a motorbike is the reduced costs over running a car.
"Starting with the Met Office's confident forecast of a long hot summer, and ending with the return of the controversial fuel duty escalator in September, the coming months will prove once again that there’s never been a better time to make the switch to two wheels," she explained.
Meanwhile Yamaha, which was top of the MCIA's survey in terms of new registrations during May, has unveiled its new Majesty 400 model, which it claimed will ensure every ride is a special occasion.
Bookmark with:
What are bookmarks?
Previous Bike Insurance News
Increase in bike riders on the roads
Honda offers still on
Test ride the Aprilia Mana 850 at Motorexpo
Bike Insurance News
08/02/12 - Triumph takes award for Motorcycle Live exhibition. Triumph is celebrating after being named the best exhibitor at Britain's leading motorcycle show.
08/02/12 - Yamaha extends low-finance offers. Yamaha has extended the range of motorcycles covered by its Street Wise finance promotion.
01/02/12 - David Robb leaves BMW post. The man responsible for transforming the BMW Motorrad motorcycle brand has left the company after 18 years.
