The National Association of Colombian Businessmen (ANDI) presented the first Bulletin of the Regional Market of Motorcycles and Category “L” Vehicles in Latin America.
According to the guild, the report emerges as an essential tool for those who require reliable data and detailed documentation for decision making in the motorcycle and mobility sector.
“This bulletin is the result of the efforts of the associations that make up our Latin American alliance of motorcycle sector associations – MOTOLATAM, which seek to promote a comprehensive view of the industry in Latin America,” ANDI states on its official website.
They emphasize that the publication contains key data, market analysis and projections that will contribute to a better understanding of the development and trends in each country of the region.
You may also read: Colombia Reaffirms the Need to Improve Infrastructure in Response to Climate Change
Relevant Figures
The bulletin highlights the overall market growth, indicating that in September 2024, the motorcycle market (2, 3 and 4-wheelers) in Latin America registered an increase in sales of 14.7% compared to the same period in 2023, with Peru and Colombia leading the regional growth with 19.2% and 16.1%, respectively.
In the 2-wheeler segment, Peru, Colombia and Argentina achieved the highest year-on-year increases in sales of 2-wheel motorcycles, with increases of 22.2%, 16.8% and 16.1%, respectively, with no decreases in this segment.
In the 3- and 4-wheel segments, Ecuador and Peru stood out with growth of 118.7% and 12.5%, respectively, while in the 4-wheel segment, Colombia, Chile and Ecuador achieved increases of 83.3%, 32.6% and 5.4%.
Iván Darío García, Technical Secretary of the Alliance in the 2024-2026 period, said that the report is a reflection of the hard work within the Alliance during the last few months.
“Proof of this is that we recently had the adhesion of CADIMO, Uruguay’s association of motorcycle importers.
This interest is a result of the impact we are already generating in the region with the projects being carried out, including future standardization and road safety exercises,” he said.
Latam Mobility in the Region
After a successful 2024 tour, Latam Mobility consolidates itself as the most important sustainable mobility community in Latin America, by generating synergy between the actors involved to massify decarbonization.
In 2025, the Invest In Latam network will continue its impact in the region with confirmed meetings in Colombia, Brazil, Chile and Mexico.
Learn more about our meetings and become an agent of change here.
