July 12, 2024

Taylor Daily Press

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Harley-Davidson sells more motorcycles in the US market

Harley-Davidson sells more motorcycles in the US market

Photo: ANP

Harley-Davidson sold more motorcycles in its key U.S. domestic market last quarter. Sales around the world have been declining as the company has pulled out of some markets following the arrival of CEO Jochen Zeitz. But delivery disruptions took longer to deliver to the US engine maker.

Harley-Davidson sold nearly 34,000 motorcycles a quarter in the United States, up 2 percent from the same period last year. Overall, the number of motorcycles shipped fell 6 percent to 50,800.

Harley-Davidson recorded sales of nearly $ 1.4 billion or 1.2 billion euros in the third quarter. This is 17 percent more than the same period last year. Net profit rose 36 percent year-on-year to $ 163 million. The results were generally better than researchers expected.

Zitz took over in February 2020 from Harley-Davidson, who was in trouble at the time. The former Puma CEO then reduced costs and the number of dealers. In addition, the motorcycle manufacturer wants to focus on electric models such as LiveWire.

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