São Paulo – The Brazilian motorcycle industry expects to have made over 1 million units by the time the year ends. As per estimates made public this Wednesday (12) by the Brazilian Motorcycle, Moped and Bicycle Manufacturers Association (Abraciclo), total production could be 1.035 million motorcycles. The association revised up its forecast from a prior 980,000 units – which would mean a 17.2% hike over 2017.
Manufacturers have changed the forecast based on the results so far. January to November saw 968,860 motorcycles made, up 19% from the year-ago period.
Abraciclo’s chairman was quoted in a press release as saying the performance reflects the recovery of the economy, widening credit availability and increasing confidence from buyers. “Another key factor was a significative increase in new product launches, with over 40 models entering the market, up from 32 in 2017,” he said.
In 2019, the industry expects output to be up 4.3% to 1.08 million motorcycles.
Translated by Gabriel Pomerancblum
