Connect with us
Close Sidebar Panel Open Sidebar Panel

News

Harley-Davidson Reports Q3 Down 8.1 Percent in the U.S.

Harley’s worldwide retail motorcycle sales were down 6.9% compared to the same period in 2016. Harley-Davidson U.S. retail motorcycle sales were down 8.1%, with the overall U.S. industry down 9.2% for the same period.

Advertisement

Click Here to Read More
Advertisement

Harley-Davidson Q3 numbers are in and they are down again. Third quarter net income was $68.2 million on consolidated revenue of $1.15 billion vs. net income of $114.1 million on consolidated revenue of $1.27 billion in the third quarter of 2016.

“The continued weakness in the U.S. motorcycle industry only heightens our resolve and the intensity we are bringing to the quest to build the next generation of Harley-Davidson riders,” said Harley CEO Matt Levatich.

Harley’s worldwide retail motorcycle sales were down 6.9% compared to the same period in 2016. Harley-Davidson U.S. retail motorcycle sales were down 8.1%, with the overall U.S. industry down 9.2% for the same period. Harley-Davidson’s U.S. market share was 53.1% in the 601cc-plus segment, up compared to the same quarter in 2016. Harley-Davidson’s international retail motorcycle sales decreased 4.6% compared to the third quarter in 2016.

Advertisement

Through nine months, Harley-Davidson stock is down 16.9% from one year-ago. Net income was $513.4 million on consolidated revenue of $4.42 billion compared to nine-month 2016 net income of $645.0 million on consolidated revenue of $4.89 billion. For the first nine months, worldwide retail motorcycle sales were down 6.1% compared to the same period in 2016.

Harley-Davidson new retail motorcycle sales in the U.S. were down in the third quarter compared to the third quarter of 2016, primarily driven by weak industry conditions including the impacts of hurricanes in the southeast and Texas. International new retail motorcycle sales were also down in the quarter compared to the same period in 2016, driven by weak performance in Japan, Australia and Mexico.

Advertisement

Harley-Davidson Retail Motorcycle Sales

In units as reported by H-D dealers

3rd Quarter

Nine Months

2017

2016

Change

2017

2016

Change

U.S.

41,793

45,469

(8.1)%

124,777

135,581

(8.0)%

Canada

2,575

2,663

(3.3)%

8,763

8,946

(2.0)%

Latin America

2,306

2,605

(11.5)%

7,003

7,064

(0.9)%

EMEA

10,078

10,224

(1.4)%

37,475

37,947

(1.2)%

Asia Pacific

7,457

7,994

(6.7)%

22,628

24,141

(6.3)%

International Total

22,416

23,486

(4.6)%

75,869

78,098

(2.9)%

Worldwide Total

64,209

68,955

(6.9)%

200,646

213,679

(6.1)%

Harley-Davidson continues to expect to ship 241,000 to 246,000 motorcycles to dealers worldwide in 2017, which is down approximately 6 percent to 8 percent from 2016. In the fourth quarter, the company expects to ship 46,700 to 51,700 motorcycles compared to 42,414 motorcycles shipped in the year-ago period. The company continues to expect full-year 2017 operating margin to be down approximately 1 percentage point compared to 2016. The company continues to expect 2017 capital expenditures to be $200 million to $220 million.

Links:

Advertisement
Click to comment
Connect
Motorcycle & Powersports News