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 CEO Reaffirms Availability of Electric Motorcycle in 2019

  Harley-Davidson CEO Reaffirms Availability of Electric Motorcycle in 2019 The dream of an electric Harley-Davidson is alive and well.Normally motorcycle companies like to keep their plans for future products under wraps. However, Harley-Davidson isn’t in a normal position right now. The iconic American brand finds itself with slumping sales, especially in its home market. H-D has fallen behind in marketing its traditionally old-school motorcycles to a younger crowd who can’t get excited about paying a premium price for a bike that looks just like the one their dads rode when they were kids. Part of Harley’s solution to this problem is bringing an electric motorcycle to production.

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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Outlaw Bikers Stick With Harley Despite Foreign Production .
There is little loyalty like a Harlista’s loyalty.The Hells Angels are probably the most obvious association to H-D there is. Not all Harley riders are Angels but most Angels are Harley riders. After the motorcycle maker announced earlier this week it might have to move more production overseas to get around looming EU import tariffs, the question arose: were the Hells Angels going to turn their back on H-D? In an interview with the Toronto Star, representatives from the gang’s Canadian branch were adamant: their riders had no plan to change their allegiance.

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