MCIA has today published the new vehicle market data for the month of December, and the full year 2024. This includes mopeds, scooters, motorcycles and other L-Category vehicle segments.   
New registrations for December closed at 114% above December 2023. This equates to total market volumes for the month of 11,206 compared to 5,236 of previous year.

The market for the final quarter 2024 has been heavily distorted by the registration of Euro 5 products, as from January 2025 all new vehicles registered* must meet the Euro 5 plus criteria which came into effect from 1st January 2025. 

Owing to these market distortions, the full year for 2024 closed at 116,399 which represents a 2.5% market increase comparing to 2023.

Tony Campbell, CEO of MCIA, said: “The slight growth in the market is purely a result of unusual registration activity and not an indication of growth. 2024 has been an incredibly challenging year for the sector, with several dealer closures and rising pressure on businesses to maintain positive cashflow to ride out the next few months.    

The Motorcycle and Scooter sector has historically fared challenging market conditions well, and whilst the current economic circumstances are concerning, I am confident the sector will adjust quickly again, and no doubt be leaner and fitter as a result.

We hope, with the arrival of the New Year, the new Government will finally realise that the October 2024 budget was ill-thought out and will not result in economic growth, as is already becoming apparent. An urgent change of economic policy direction is needed, and we encourage the Government to act quickly.

The L-Category sector is ready and waiting to support the new Government in its mission to decarbonise transport, adopting a realistic and pragmatic approach where the already green credentials of our sector must be fully understood and appreciated.