Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .