Harley earnings up
#31
10-26-2018, 04:52 AM
Stellar HDF Member
As announced a few days ago the MOCO sales figures have taken another huge hit for the last quarter. Comparing them to the same quarter of last year it indicates a drop off of 13.7%. Now that is a hit in any accountants book. But, the spin meisters say that "profits are up though". Well, what has occurred here is that the MOCO chieftans have known that sales are plunging so they pull out all the stops to cut costs. This is exactly what has occurred. Then, to make matters worse yet they get hit with what they are calling a 35 million dollar expense to recall the 2017 and 2018 touring bikes for clutch problems.
In short what has occurred here is that the MOCO has followed the cardinal rule in management which is to get YOUR COSTS INLINE WITH SALES. Slashing costs if fairly easy to do. Increasing sales is not, especially if your sales have been falling since the model year 2006.
In short what has occurred here is that the MOCO has followed the cardinal rule in management which is to get YOUR COSTS INLINE WITH SALES. Slashing costs if fairly easy to do. Increasing sales is not, especially if your sales have been falling since the model year 2006.
#32
10-26-2018, 06:54 AM
#33
10-26-2018, 10:51 PM
Tourer
#34
10-27-2018, 04:13 AM
HOG is facing a massive cliff drop ahead. A company can only jack prices on their remaining loyal customers in a declining unit sales market before REALLY BAD things begin to happen. https://realmoney.thestreet.com/arti...HOO&yptr=yahoo
Last edited by Heatwave; 10-27-2018 at 04:23 AM.
#36
10-28-2018, 10:22 PM
Tourer
Originally Posted by supernac
" Your gonna pay more for a US built bike, US labor is expensive."
#37
11-04-2018, 05:49 AM
Stellar HDF Member
Originally Posted by Felix 808;17780922[b
]That should read U.S. Union labor is expensive. [/b]Honda did it for years building great bikes out of Ohio staying well under Harely's prices.
#38
11-04-2018, 06:02 AM
I have visited a lot of showrooms in the past few months and they are packed with both new and used bikes. Look inside the window when they are closed, every available space is taken up. The aisles between the clothes rack, the lounge, the hallways, the service area all full of bikes. They roll all those outside when they open. I was in the Indian dealer last weekend in Daytona. The place was jammed full of motorcycles inside and with a bunch outside wrapped around two sides of the building. The guy tells me I should have seen it the week before leading into Biktoberfest as they had sold a **** ton of bikes during the event. I don't now where they would have put them.
I hope we have another surge in popularity like we did in the eighties.
I hope we have another surge in popularity like we did in the eighties.
#39
11-04-2018, 07:06 AM
A very nice, and ACCURATE, difference in labor rates. And since union labor has been on a downslide for decades, I doubt that U.S. labor is expensive at all, comparatively speaking. Union membership just isn't that much of a factor anymore, so it can't have that much of an impact on prices.
#40
11-04-2018, 07:10 AM
The following users liked this post:
TomcatCV62 (11-05-2018)
Thread
Thread Starter
Forum
Replies
Last Post
46knuck
General Harley Davidson Chat
47
09-24-2009 03:15 PM
Heritage07
General Harley Davidson Chat
4
02-03-2007 05:34 PM