FCAI announced industry motorcycle sales of 42,541 for the 6 months to June 2024. This is down 5.6% from last year (sales were 45,085). Total decline in sale across industry was 2,544. FCAI releases January – June 2024 motorcycle sales - FCAI
In comparison, sales were down 11.0% for the 3 months between January to March 2024. Sales were 19,903 (FY2024) vs 22,374 (FY2023). Total decline in sale across industry was 2,471. FCAI releases January-March 2024 Motorcycle Sales - FCAI
Given it is overlapping period, this means sales in the quarter April to June were pretty much in line with the prior year.
Also, positively MTO’s announcement was that retail sales held during the half year. To me that means that MTO has continued to take market share from their competitors.
MTO Price at posting:
$1.24 Sentiment: Buy Disclosure: Held
