Harley-Davidson Inc. said Thursday its third-quarter profit fell sharply, as the slowing economy took its toll on sales of its iconic motorcycles. The Milwaukee-based company also cut its earnings outlook and estimate for motorcycle shipments for the remainder of the year, in a sign that the credit crunch and the global economic slowdown will continue... [Continue reading...]
Motorcycle Market Holds Up Well During Credit Crunch!
Motorcycle sales in September dropped by 9.7 per cent – less than half the 21.2 per cent monthly decline recorded yesterday by the UK car industry. Total registrations of powered two wheelers (PTWs) last month were 16,431 against 18,204 a year ago, according to figures from the Motor Cycle Industry Association (MCI). While the motorcycle market... [Continue reading...]