Yamaha sees 6.6 per cent growth in global markets

Yamaha has recorded a 6.6 per cent increase in revenue for the first half of 2017 in global markets and an 86.6 per cent growth in net income.

The manufacturer credits the increase in revenue to developing markets like Thailand, Taiwan, Vietnam, and the Philippines, but it also saw a slump in sales in countries like Europe and the USA. Yamaha blamed the Euro 4 emission requirements for the sales drop in Europe and there is a weak demand for motorcycles in the US overall. 

Yamaha sold 76,000 units in the US in the first half of this year. That is 1000 units lower than the 77,000 units sold in the same period in 2016. But given the sales figure of 89,000 units sold in the same time in 2015, the manufacturer has seen a major dip in sales in three years. Meanwhile in Europe, Yamaha sold 209,000 units in the first half of 2015, the number dropping down to 208,000 in the same period for 2016. However, the manufacturer does expect an overall increase of 3 per cent by the end of this year.

The US market seems to be dipping as manufacturers like Harley-Davidson also saw a decrease in sales by 9.3 per cent.