The Motorcycle Development Program Participants Association (MDPPA), an organization comprised of the Philippines' major motorcycle manufacturers like Honda, Kawasaki, Suzuki, Yamaha, and Kymco, have breached the 1 million sales mark for the first time as it capped off 2016 with a 34 percent year-on-year sales growth.
With its 2016 sales at 1,140,338 million units, the MDPPA has exceeded its target for the year of 952,570 units or a 12 percent sales growth forecast from 2015's sales. This gives the MDPPA the highest growth among the members of the Federation of Asian Motorcycle Industries (FAMI) which counts as its members six other motorcycle associations from Indonesia, Japan, Malaysia, Thailand, Taiwan, and Vietnam.
The MDPPA's sales growth for 2016 was bolstered by the robust demand for motorcycles in the first half of the year, with its midyear sales at 544,669 units--over 162,000 more than its sales for the same period in 2015.
Leading the growth for motorcycle sales in 2016 was the moped category with 418,043 units for a 37 percent share of the market followed by the business motorcycle category at 368, 270 units for 32 percent. The 274,104 unit sales for motorcycles with automatic transmissions also grew by 51 percent from 2015's sales which, in turn, contributed significantly to 2016's sales.
For 2017, the organization has a conservative sales target of a 12-15 percent growth. The MDPPA also announced that its members will switch to manufacturing products that will meet the Euro 3 emission standards.