Features

Harley U.S. sales dip, but income rises

Thanks in large part to improved financial services results, Harley-Davidson Inc. increased its third-quarter income compared to a year ago, the company reported.

Harley’s U.S. retail motorcycle sales, however, remain below last year’s levels. Harley’s U.S. retail sales dipped nearly 9.5 percent in comparison to a year-ago. That, however, was better than the 650cc-plus industry as a whole, which was off more than 14.5 percent compared to the year-ago quarter, the company said.

Harley also provided further guidance on how many motorcycles the company expects to ship this year. That number, 207,000-212,000 units, will amount to a 5-7 percent decrease compared to 2009.

The company’s net income for the quarter rose to $93.7 million, a 66 percent increase over the year-ago quarter. Harley-Davidson Financial Services contributed greatly to that increase as it finished the quarter with nearly $51 million in income after losing $31.5 million a year ago.

See more on Harley’s third quarter in an upcoming edition of Powersports Business.

  • For more of the latest news, click here.
  • To see the contents of the current print issue of PSB, click here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
EPG Brand Acceleration
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.