Honda Builds Motorcycle Plant in Peru 

LIMA, Peru, November 29, 2006– Honda announced a plan to build a wholly-owned manufacturing subsidiary, Honda Selva del Peru S.A. (HSP), which will begin construction of a new plant in Iquitos, Loreto, in December. HSP will begin production of motorcycles in 2007, in order to meet the current fast growing market in Peru.

Growth Creates Expansion

In Peru, the amount of people buying motorcycles has been booming since 2004. The total market reached approximately 63,000 units in 2005, a 29% increase from 2004, and is expected to reach 90,000 units in 2006. That also leads most to believe the cutomer base in Peru may soon reach the level of 200,000 units annually, mainly due to the continuous growth of population and income average.

Motorcycles in Peru - Primary Transportation

Honda’s motorcycle sales in Peru reached approximately 12,000 units in 2005, a 35% increase from 2004. The average person can travel to work easier than ever before as well as enjoy for personal recreation. Honda expects to sell approximately 20,000 units in 2006, with further expansion expected in the future.

Worldwide Motorcycle Growth Trend

Honda continues to provide the world great motorcycles products and expands it's infrastructure anywhere in the world to meet the growing demand for Gold Wings and all the other Honda motorcycles worldwide. We at Wingstuff.com have noticed a large increase of younger couples riding the GL1800 Honda Goldwing motorcycle. Because of its high performance features, comfort options for both the rider and passenger, the Honda Goldwing motorcycle is attracting riders of all ages.

Honda Expanding Worldwide

Motorcycles riding in the United States is mainly recreational, In most other countries it's the exact opposite.  In most places in the world, motorcycles are the smarter way to get around for primary transportation, as well as recreation. Here in the USA, that trend is also growing due to higher gas prices. It just shows motorcycles, especially the Honda Gold Wing, are getting more popular every day all over the world.

Ride Safe!, see you on the open road.. 

Rick Arnoldo
Wingstuff.com