Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


LAMS finding favour in sluggish motorcycle market

Media Release 10 January 2013



LAMS finding favour in sluggish motorcycle market


While other sectors of the motor industry showed an improvement in sales during 2012, on-road motorcycles went against the trend, recording the lowest level of sales since 2003.

The 5,765 units recorded was 611 units (9.6 percent) lower than 2011, and continues the decline which first began in 2009.

Motorcycles over 60cc were up by 63 units (2 percent) on 2011, however smaller motorcycles/mopeds (under 60cc) were down 674 units (28 percent). This is surprising.

It would appear that motorists have become used to the increasing price of petrol. The steady flight towards mopeds and scooters that was evident 18 months ago has clearly stopped, with this sector hit particularly hard last year.

Motor Trade Association (MTA) spokesperson Ian Stronach says, “One significant factor that became evident towards the end of the year was the implementation of the Learner Approved Motorcycle Scheme (LAMS). This safety initiative saw a small but noticeable growth in a range of motorcycles not previously popular with motorcyclists.”

LAMS is a new motorcycle rating system, brought into effect on 1 October 2012. This new system was introduced to improve rider safety by determining appropriate motorcycles for learner and restricted Class 6 (motorcycle) licence holders.

LAMS-approved motorcycles are determined by two factors: a maximum power-to-weight ratio of 150 kilowatts per tonne (the power is that specified by the manufacturer, and the weight is the weight specified by the manufacturer plus 90kgs for the rider and riding gear); and an upper engine capacity limit of 660cc.

Since the introduction of the scheme, motorcycles in the 251-750cc range have enjoyed a noticeable increase in sales. Compared to the three-yearly average, sales in the 251-400cc category have more than doubled (166 percent) and those in the 401-750cc category have increased by more than half (68 percent).

Stronach adds, “The new LAMS rating system means people are now able to buy larger motorcycles on a learner or restricted motorcycle licence, which wouldn’t have been possible under the previous system. It’s clearly going to increase the appeal of motorcycles in these categories, which suit the commuter market.”

Overall Suzuki took top spot for the year with 998 units sold and a 17 percent market share. Honda took second spot with 663 units and an 11.5 percent share, and Harley Davidson came in third spot with 533 units and a 9.2 percent share.

*A full list of approved and prohibited motorcycles for learner and restricted licence holders is available on the New Zealand Transport Agency website.

*Figures supplied by NZTA.

ENDS

Motorcycle_Sales_by_Month.pdf
Motorcycle_Sales_Engine_Size.pdf
Motorcycle_Sales_Yearly.pdf

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news