Yamaha’s Prediction, Next Year’s Motorcycle Market Still Battered?

Jakarta

PT Yamaha Indonesia Motor Manufacturing (YIMM) is optimistic that motorcycle sales in the automotive industry in 2022 can reach 5.4 million units. This is in line with the improving national economy as a result of the easing of the Corona virus pandemic (COVID-19).

YIMM’s Executive Vice President Director, Dyonisius Beti said that the increasingly widespread vaccination has boosted public confidence in mobility. Several sectors are also predicted to increase. This condition is expected to be a driving force to boost economic growth which is getting better, so that it has a positive impact on people’s purchasing power.

“Compared to 2020, and 2022, the demand will be even better. Because one, Covid is relatively low, vaccination is high and will soon be a booster, we are among the best countries in the world. The second factor is very good commodity prices, such as palm oil and coal. all purchasing power increases, and PPKM will relax because covid is better. So everyone needs motorbikes,” said Dyonisius when met at the Sentul Circuit, Bogor, West Java, Thursday (16/12/2021).

“The World Bank and the IMF predict Indonesia will grow between 5.2 to 5.9 percent. Now, Indonesia’s need for motorcycles will be very high, our prediction is 5.1 to 5.4 million units in 2022,” he added.

This prediction is still below the target of the domestic motorcycle market as before the pandemic in 2019 which reached 6.4 million units.

“Because there is a global supply problem. Until now, this microchip is still unstable around the world. And the car industry for certain brands must stop because we are waiting for spare parts, we cannot produce maximum gaspol because this part is disturbing,” he said.

This figure is no different from the Indonesian Motorcycle Industry Association (AISI), the growth in demand for new motorcycles in the domestic market will increase to 5.1 million to 5.4 million units next year.

Head of Commercial Division of AISI Sigit Kumala said the potential for an increase in motorcycle sales next year can be seen from the realization of sales until September 2021 which has reached 3,761,407 units or grew by almost 31% compared to the January-September 2020 period.

“Indeed, there was a decline in sales when the second wave of the pandemic rose in July and August. However, in line with the control of COVID-19, the market began to improve. Overall this year we predict the motorcycle market will reach 5 million units. Previously we predicted 4.3 million-4.6 million units. We expect this positive trend to continue into next year which we predict will grow 2%-8% or 5.1 million-5.4 million units. This will provide a positive multiplier effect for the related industry, “said Sigit in his official statement, Monday (11/8/2021).

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