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Tuesday, 18 July 2017 13:42

Lower sales of new motorcycles ding Harley-Davidson

Written by http://business.financialpost.com

news feeds icon 150MILWAUKEE — Shares in Harley-Davidson tumbled nearly 10 per cent after the company reported lagging retail sales and shipments as new riders opted for used motorcycles over newer, more expensive ones.

The company lowered its guidance for motorcycle shipments in 2017 by about 6 to 8 per cent as retail sales of Harley-Davidson motorcycles fell 9.3 per cent in the U.S. and 6.7 per cent globally from the same quarter last year. READ ON

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