Harley-Davidson’s Revenue, Income Drop
Harley-Davidson Inc.’s net income for January-March fell 26% to $186 million as retail sales of its iconic motorcycles slipped 4% to 55,000 bikes.
First-quarter revenue fell 14% to $1.5 billion, dragged down by a 6% drop to 33,300 units in the U.S. The company says the decline reflects a decision to delay shipments of 2017 models so dealers could sell down inventories of last year’s inventory.
The company, which controls 51% of the U.S. market for bikes with engines that displace more than 601 cc, aims to achieve annual U.S. production of 2 million bikes by 2027 and build its international business to 50% of sales from about 39% currently.
Ford has made an accomplishment that will never be bested, never even be tied.
What happens if that $2.29 a gallon goes up by a couple of bucks a year from now? How are the pickup, SUV and crossover sales going to be then?
Last year Buick sold 219,231 vehicles in the U.S.