Industry / Australia
Motorcycles Provide Bright Spot As Fuel Prices Rise
July 2011 | Industry Trend AnalysisAustralia's motorcycle market is outperforming its four-wheel counterpart, as sales rose 3.1% year-on-year (y-o-y) in H111, compared with a 6.6% decline in sales of cars and commercial vehicles. BMI expects the motorcycle market to average growth of 7% over the next five years, and the rising cost of car ownership seems to be creating a fitting environment for this growth to take hold.
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