Motorcycle sales in Malaysia have dropped since the implementation of GST, according to Koji Onishi, chief executive officer of Boon Siew Honda.

Speaking at the launch of the Honda Wave Dash FI at Berjaya Times Square, Kuala Lumpur, today, Onishi said between April and December 2015, 261,851 motorcycles were sold in Malaysia, compared to 324,180 units for the same period in 2014.

This represents a 19.22% decrease in sales numbers. “Retail sales were slower in October, November and December, with an average 6,600 unit sales monthly. In a nutshell, the motorcycle market is shrinking due to the economic downturn,” Onishi explained.

The launch of the Wave Dash FI is part of Honda’s plan to revitalise motorcycle sales in Malaysia. “Honda is putting effort into developing new models in order to sustain competitiveness. Boon Siew Honda will be launching more new models as part of efforts to re-energise the motorcycle market and increase overall sales volume,” Onishi said.