Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Harley-Davidson warns that sales of motorcycles slow down

Harley-Davidson warns that sales of motorcycles slow down

The company has delivered nearly 69,000 bicycles for the quarter, which is 5% less than the same period last year. Total sales fell 6 percent to $ 1.4 billion. some tariffs and motorcycle builds closer to European and Asian customers who are more interested in Harley products than American customers. Harley supplies motors from around the world from the United States.

The company recently received the necessary regulatory approvals to supply Thai-fitted motorcycles to the European Union, which would reduce the tariffs Harley has to pay. But this approval process took "significantly longer" than the company planned by eating its profit, which dropped 1

9 percent to 195.6 million dollars in the last quarter. The company has reduced the number of bikes it expects to deliver this year between 212,000 and 217,000. The Milwaukee-based company previously said it expects to deliver between 217,000 and 222,000 motorcycles in 2019.

Harley's sales have declined for several years as interest in young people is declining. President Donald Trump supported a boycott when Harley announced his plans to displace some productions abroad in response to tariffs.

In an attempt to renew her business, Harley focuses on international sales and new bikes.
Earlier this year Harley released photos of two light concepts for electric vehicles that resemble reduced motorbikes or electric bicycles without pedals. He refused to say whether the prototypes would come into the market.
The company also made a deal in June to make small motorcycles in China. The country is a bright spot for Harley: Sales in the country grew by 27% in 2018 compared to the previous year
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