BusinessMirror

Japan’s consumers turn to motorcycle­s

-

JAPAN’S motorcycle manufactur­ers, which cast their gaze abroad long ago to make up for shrinking domestic sales, are seeing a jump in demand from an unexpected place: their home market.

Sales of bikes with engines larger than 251cc rose 32 percent to 51,035 units in the first half, according to data released by the Japan Light Motor Vehicle and Motorcycle Associatio­n this week. “I never thought I would see anything like this,” said Hideaki Iwami, head of sales at Honda Motorcycle Japan.

For the past few decades, Honda Motor Co., Yamaha Motor Co. and Kawasaki Heavy Industries Ltd. have operated under the assumption that local sales would shrink, in line with the aging population. But that trend has reversed, at least for now, thanks to changing consumer habits. The pandemic has left people with more disposable income and a desire to spend more time outdoors, while a persistent parts shortage is forcing people to wait months, or even years, for a new car.

That’s making motorcycle­s an attractive option for potential buyers such as Yurika Kakiuchi, a 40-year-old office worker who lives in Urayasu City, next to Tokyo. She recently obtained a driving license for motorcycle­s with a displaceme­nt of as much as 400cc, and plans to step up to the next level for bigger bikes. “I wanted to learn something new,” Kakiuchi said.

In terms of sales this year, Honda

ranked No. 1 with 15,142 units, up 54 percent. Kawasaki came in second with a 69-percent jump, while Suzuki Motor Corp. saw a gain of 19 percent. Yamaha Motor, however, saw unit sales decline by 6.8 percent.

Iwami said people are taking a fresh look at motorcycle­s. They have more money saved up from eating out less and taking fewer trips, and bikes are also seen as a way to get around and avoided crowded public transport. If robust demand continues, domestic unit sales “may exceed” 100,000 units this year for the first time since 1998, he said.

Motorcycle­s sales in Japan peaked in the 1980s when they were widely used for local shopping and commuting. In addition to changing demographi­cs, a crackdown on illegal parking and the rising popularity of electrifie­d bicycles have contribute­d to a steady decline.

The market is seeing the return of elderly riders, who are buying motorcycle­s to enjoy in retirement. Also, younger buyers are attracted to the relative affordabil­ity of bikes compared with cars, according to Iwami, who said that 70 percent of the buyers of Honda’s popular CBR400R model and 65 percent of the Rebel 250 are in their 30s or younger.

Iwami remains cautiously optimistic, noting that the pandemic is easing and that consumer tastes may change again. But for now, “there are huge backorders and production can’t keep up.”

Newspapers in English

Newspapers from Philippines