Why are Harley-Davidson sales declining?
Retail sales in the United States – the company’s biggest market – fell for the 16th straight quarter, resulting in an 8 percentage-point decline in big-motorcycle market share. The decline comes at a time when motorcycle sales have gone up on the back of a demand for socially distanced recreational outdoor activity.
Why is Harley-Davidson struggling?
With its motorcycle sales dealt a blow by the pandemic, Harley-Davidson Inc. … The company’s U.S. retail motorcycle sales fell 27% in the quarter, the steepest decline in at least six years and partly attributed to COVID-19 production cutbacks and temporary closures of dealerships this spring.
How is Harley-Davidson doing financially?
Harley-Davidson generated $163 million of cash from operating activities during Q1 2021, $171 million favorable to Q1 2020. Cash and cash equivalents were $2.3 billion at the end of the first quarter, up $856 million to the end of the prior year first quarter.
How is Harley doing in 2021?
Harley expects revenues from its motorcycle business to surge 30% to 35% in 2021, compared with a 20% to 25% increase estimated in February. Adjusted earnings for the quarter came in at $1.68 per share, above the 88 cents per share estimated by analysts in a Refinitiv survey.
Do Harleys hold their value?
Bikes made by Harley-Davidson, BMW, and Ducati, in fact, seem to hold their MSRP value better than any others. By brand, according to data compiled by the Kelley Blue Book Official Motorcycle Guide, Harley-Davidson motorcycles retained an average of 84% of their value over a five-year period.
How many miles will a Harley last?
For sports bikes, 25,000 miles can be a lot. Harley-Davidson® motorcycles are built to last much longer. If a bike has good maintenance records, no signs of damage and no oil leaks, even a bike with 40,000 to 50,000 miles can be expected to last a long time.
What is the average age of a Harley-Davidson owner?
But there is another statistic associated with these legendary bikes that is startling, all the more so if you don’t ride: The average age of a Harley owner these days is 44. In fact, more than eight out of 10 Harley owners are over 35; almost one in five is 55 or older.
Does Kawasaki own Harley-Davidson?
Kawasaki Motor Company, LTD. is the parent company of Harley-Davidson Motor Company (as of now…
Are stock Harleys loud?
Factory-produced Harleys are loud, yes, but not louder than is permitted under the law. Federal law stipulates an 80-decibel limit for all motorcycles. Harley-Davidson has to comply with this law, and every bike coming out of an H-D factory is not louder than 80db.