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Motorcycle production rises 10.8% in March, says Abraciclo

by ace
Motorcycle production rises 10.8% in March, says Abraciclo

The production of motorcycles in March 2020 was 101,425 units, informed the manufacturers' association, Abraciclo, on Tuesday (14). The volume represents a 10.8% increase compared to the same month of 2019, when 91,535 motorcycles left the assembly lines.

According to the association, the March result is explained by the strong industrial activity after the carnival, a period in which the sector's performance tends to fall. However, after measures of social distance imposed by the new coronavirus, industries reduced activity.

“About 60% of the companies associated with Abraciclo in the motorcycle segment announced temporary stoppages in the production of their factories due to the impacts of the coronavirus pandemic (covid-19). The stoppages occur in different periods, starting on March 30 and extending until May 5, ”said Marcos Fermanian, president of Abraciclo in a note.

In the first quarter of this year, the motorcycle sector grew by 7%, with 296,159 units produced, compared to the 276,760 units manufactured in the same period in 2019.

The entity informs that the prospect of low commercial activity due to preventive actions to contain the population in their homes was also a factor considered in the decision to temporarily suspend production.

"The results will be felt in the balance sheet for April," said Fermanian.

According to Abraciclo, 75,372 motorcycles were licensed in March, 10.1% less than the 83,798 units registered in the same month of 2019 and 5.6% lower compared to February this year (79,812 units).

In the first quarter, retail sales totaled 246,848 units, a volume 4.6% lower than that achieved in the same period last year (258,652 units).

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