The Motorcycle Development Program Participants Association, Inc. (MDPPA), a consortium of four major Japanese motorcycle manufacturers—Honda, Kawasaki, Suzuki, Yamaha, and its newest member, TVS Philippines, has reported a 7% increase in motorcycle sales for 2024.
The total wholesale sales recorded by MDPPA members reached 1,682,482 units in 2024, marking the highest sales figure in the past five years. This is a significant rise compared to 1,577,597 units sold in 2023. In comparison, motorcycle sales in 2022 and 2021 were 1,564,827 units and 1,435,677 units, respectively. Prior to the pandemic in 2020, MDPPA’s total sales were around 1.2 million units. The 2019 sales figure remains a peak year, with 1.7 million units sold.
“Despite ongoing challenges in the industry, MDPPA is pleased to share that the 7% growth achieved in 2024 is the highest among our ASEAN neighbors,” Alex Cumpas, President of MDPPA, noted. “Indonesia and Malaysia experienced a growth of 2%, while others within the region recorded minimal growth numbers. We are hopeful that the golden years of 2019, when we recorded sales of 1.7 million units, could be surpassed this year in 2025.”