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Motorcycles Harley-Davidson Q1 Financial Report Has Good News and Bad News

21:26  07 may  2018
21:26  07 may  2018 Source:   msn.com

Harley-Davidson to Launch Electric Motorcycle Within 18 Months, Kansas City Plant to Close

  Harley-Davidson to Launch Electric Motorcycle Within 18 Months, Kansas City Plant to Close Sales in 2017 were down 6.7 percent worldwide, and 8.5 percent in the U.S. , which has typically been H-D's stronghold. The motorcycle company will also be closing its Kansas City, Missouri plant and rolling operations into its York, Pennsylvania plant. Sales drops and layoffs have sadly become a trend for H-D. Research Research New Used New & Used Make (e.g. Cadillac) Model (e.g. ATS Sedan) But there is a silver, or rather an electric lining to the story. Harley-Davidson also announced that it is just 18 months away from releasing its first production electric motorcycle.

Revenue is up, sales are down, and market share is just barely over 50 percent for Harley - Davidson .

Harley - Davidson Q 1 Financial Report Has Good News and Bad News . Harley - Davidson ’s first quarter market share was 50.4 percent including on retail sales of new motorcycles, (vii) balance production volumes for its new …

a motorcycle parked on the side of the road© Harley-Davidson

Harley-Davidson had a rough year in 2017. Sales were down despite the introduction of a fully revamped Softail lineup and a factory was shut down due to decreasing demand. But 2018 is a new year. Has Harley turned things around in the first quarter? The answer is a little complicated. The financial results for the first quarter of the year for Harley-Davidson have some good news, some bad news, and not a lot of surprises. We won’t bore you to death with every single number, so here are some of the highlights.

Revenue is up 2.7 percent over last year despite motorcycle shipments going down a fairly significant 9.7 percent. How can you increase revenue with a decrease in shipments? Likely with service, higher transaction prices, and of course, selling lots of Harley-Davidson branded trinkets like t-shirts, boots, bandanas, paperweights, etc. Net income is down 6.2 percent and earnings per share is down 1.9 percent. U.S. retail market share is down a slight 0.9 percent to 50.4 percent for 601 cubic centimeters and bigger motorcycles.

Harley-Davidson Recalls 174,636 Bikes for Potential Brake Problem

  Harley-Davidson Recalls 174,636 Bikes for Potential Brake Problem If the brake fluid isn't changed every two years as directed, components may stick, including the ABS module.The National Highway Traffic Safety Administration issued a recall notice for a wide variety of recent Harley-Davidson motorcycle, all for the same problem. The concern is that owners are not changing their brake fluid every two years, a practice that is specified on the maintenance schedule.

harley • Latest News . This RSS feed. Unknown source / Mon, 30 Apr 2018 20:06:12 GMT. The Drive: Harley - Davidson Q 1 Financial Report Has Good News and Bad News .

Harley - Davidson Q 1 Financial Report Has Good News and Bad News . Harley - Davidson ’s first quarter market share was 50.4 percent including on retail sales of new motorcycles, (vii) balance production volumes for its new …

Now for the good news. International sales are up a slight 0.2 percent and the operating income for Harley-Davidson Financial Services is way up with a 20.8 percent increase over the first quarter of 2017. H-D is also seeing some nice tax savings thanks to the 2017 Tax Cuts and Jobs Act.

Despite a lot of these numbers being down compared to last year, they actually beat some of Harley-Davidson’s estimates. It’s hard to see some of these as a plus, but the fact that the sales and earnings numbers aren’t even worse is a small win. Harley-Davidson is facing a bit of a challenge heading into peak motorcycle season in 2018. The iconic American brand’s resilience will be tested and we’ll keep an eye on how it shakes out.

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Triumph Issues Recall on 2018 Street Triple Range .
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