Suzuki Q1 and Q2 2024 worldwide sales has increased, so much so that the maker has adjusted their forecast higher for the entire year.
Suzuki sold 523,000 bikes in Q1 and 499,000 bikes in Q2 this year, compared to 479,000 in Q1 and 494,000 in Q2, 2023. Should the trend continue, Suzuki will see a 4.5 percent increase in revenues, 10.4 percent increase in profits, and 4.9 percent rise in global motorcycle sales.
The manufacturer’s annual sales has been increasing steadily since 2020 when the Covid-19 pandemic struck. They had sold 1,535,000 motorcycles that year, 1,634,000 in 2021, 1,859,000 in 2022, and 1,912,000 in 2023. So, the higher projections for FY 2024, given their current performance should see sales above the 2,000,000 mark.
Breaking performance down by region, Asia continues to be the best performer by notching up 1,225,000 sales from 2020-2023. The Asian countries which saw the biggest sales during the same period were India with 557,000 units, China (374,000), and the Philippines (136,000). Other Asian countries contributed 158,000 of sales, altogether.
Suzuki hopes that the new 2024 Suzuki V-Strom 250SX which we reviewed recently will strengthen their sales in the Asian region.
