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and its not pretty. The North American market continues its sales decline, there was the tiniest of bumps in sales for Q2 but Q1 was down over five thousand units and now Q3 is down nearly six thousand. I will ascribe that to interest rates and lending are more difficult but also because I suspect a good number of people want to see a refresh of the entire tour line before buying
Say what you want to about the MoCo, but I am seeing sales down all across the board. Our company came off a record year in 22 and currently my sales group is off close to 20%. It hurts, but several market sectors we sell to are down. We have customers laying off people at this time which is a really bad sign. Look at repos of both automobiles and motorcycles at a very high level. Just yesterday it was reported that mortgage rates high a 23-year HIGH.
I guess the one metric on this report that surprises me is the Asia market. With the new model for that region I would have hoped to see growth.
Just yesterday I received an email from a local dealership offering 1.99% financing on select 22 and 23 models. That speaks volumes!
Thank you Joe F'n Biden.
Last week, I saw a snake in the back yard. Never saw no snakes under Trump. Thank you Joe F'n Biden.
Warning, the forum software is not preserving my scaling - I tried to shrink it but it does not work.
This first slide shows a real problem, dealer inventory is balloon to record levels again. This is great if you are a buyer as dealers are going to start if they have not already cut some good deals. I expect Harley to provide a lot of financial incentives, I keep getting 1k offers off new 23 tour models by US mail.
The other slides of concern is that credit losses have passed a dangerous level. HDFS is experiencing what is happening in the auto market, a lot more people are not paying on their loans
Say what you want to about the MoCo, but I am seeing sales down all across the board. Our company came off a record year in 22 and currently my sales group is off close to 20%. It hurts, but several market sectors we sell to are down. We have customers laying off people at this time which is a really bad sign. Look at repos of both automobiles and motorcycles at a very high level. Just yesterday it was reported that mortgage rates high a 23-year HIGH.
I guess the one metric on this report that surprises me is the Asia market. With the new model for that region I would have hoped to see growth.
Just yesterday I received an email from a local dealership offering 1.99% financing on select 22 and 23 models. That speaks volumes!
Economy sucks in spite of what Mr. Potato Heads administration wants us to believe. Ergo buying of goods that are more in the wants category versus needs category are gonna suffer. A crappy economy coupled with Middle East instability and impending war involvement will only further impact every segment of the economy resulting in a retraction of purchasing worldwide. HDs woes are the same as every other manufacturers right now and the future is bleak for everyone except makers of weapons of war.
Say what you want to about the MoCo, but I am seeing sales down all across the board. Our company came off a record year in 22 and currently my sales group is off close to 20%. It hurts, but several market sectors we sell to are down. We have customers laying off people at this time which is a really bad sign. Look at repos of both automobiles and motorcycles at a very high level. Just yesterday it was reported that mortgage rates high a 23-year HIGH.
I guess the one metric on this report that surprises me is the Asia market. With the new model for that region I would have hoped to see growth.
Just yesterday I received an email from a local dealership offering 1.99% financing on select 22 and 23 models. That speaks volumes!
Thank you Joe F'n Biden.
Last week, I saw a snake in the back yard. Never saw no snakes under Trump. Thank you Joe F'n Biden.
..local dealership offering 1.99% financing on select 22 and 23 models..
New '22's left at the end of '23?
Well, my take is HD would reverse this trend if they would install a management team that is in touch with their clientele, make stuff that potential buyers want, and sell it to them at affordable prices.
Not so long ago, HD executives rode the bikes. Now...HD has a German shoe salesman as CEO and board members that couldn't tell a motorcyle from a two base hit. Why shouldn't that work?
Not so long ago, HD executives rode the bikes. Now...HD has a German shoe salesman as CEO and board members that couldn't tell a motorcyle from a two base hit. Why shouldn't that work?
Exactly. He's made it clear he wants to focus on "unit profitability." He's alienating his base consumer. Remember the Maybach!
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Slideshow: The bar-and-shield logo shows up on far more than motorcycles, some of the company's most unexpected products have nothing to do with riding.
Slideshow: From the troubled AMF years to modern misfires, these bikes earned reputations for reliability issues, questionable engineering, or disappointing performance.
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Slideshow: The Swiss custom shop has taken a Harley Softail and stretched it into something so long and low that it looks closer to a rolling sculpture than a conventional motorcycle.
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Slideshow: A standard cruiser becomes an intricate metal canvas in the hands of a Swiss custom house known for pushing Harley-Davidson platforms far beyond their factory brief.
Slideshow: Harley-Davidson's challenges aren't abstract; they show up in dropping shipments, shrinking dealer traffic, and strategic decisions that aren't yet translating into growth.
Well 2023 Q3 Results are in...
