Industry News

The Federal Chamber of Automotive Industries (FCAI) has released sales figures for new motorcycles and Off Highway Vehicles (OHVs) year to date ending 30th September 2020.

A total of 79,623 vehicles were sold across the period, representing a 26.4 per cent increase on the same period last year when 62,971 vehicles were sold.

Tony Weber, chief executive of the FCAI, said these strong sales results were in direct contrast to the majority of Australian industry sectors, many of which had reported negative growth during the COVID-19 pandemic.

“Achieving such a strong sales performance in the current market conditions is simply remarkable. And it is due, for the most part, to the rising popularity of off-road bikes (up 39.9 per cent) and strong demand for OHVs (up 44.4 per cent).

“Off-road bikes have grown in popularity as people turn to close-to-home recreational pursuits during the pandemic restrictions.

“And OHVs – which include both ATVs and SSVs – are in strong demand due to the implementation of controversial Government legislation which will see the quality ATV brands exit the Australian market,” Mr Weber said.

The early availability of up to $20,000 (In two lots of $10,000) in superannuation fund has also played a big part in the sales growth according to a number of dealers and industry insiders we have spoke too.

Note: The FCAI no longer supply segment breakdown figures. The September quarter data, along with all sales figures going forward, has been published in an abbreviated format which aligns with the publication of corresponding information in the United States of America and Europe.