Harley-Davidson’s SEC filing backs up a leaked MIC research update stating sales of Harley motorcycles jumped 25.5% in the first quarter of 2012 domestically compared to a year ago figures.
A day ahead of the official release of its 2012 first quarter earnings, American motorcycle manufacturer Harley-Davidson apparently has confirmed retail sales of its motorcycles rose 25.5% in the first quarter here in the States. The Motor Company confirmed the findings in a U.S. Securities and Exchange Commission filing after information leaked out in a research update inadvertently released by a member of the Motorcycle Industry Council.
In the SEC filing, Harley-Davidson mentioned the Motorcycle Industry Council had just released quarterly retail sales statistics to its members which are “subject to terms of applicable restricted-use agreements.”
“The company learned that one of the members of the Motorcycle Industry Council, in apparent violation of those terms, disclosed information in a research update, presumably based on the contents of the Motorcycle Industry Council report,” wrote Harley-Davidson in the filing.
The Milwaukee-based company’s first quarter started Jan. 1 and ended April 5 and official first quarter results will be released tomorrow. The big jump in domestic sales bodes well for the motorcycle manufacturer who was hit hard at the start of the recession but has been making the necessary moves to return it to prosperity. These include restructuring
its US plants, the return of Harley-Davidson Financial services to prosperity, and expansion into international markets like India. Harley’s final fourth quarter report of 2011 showed an 11.8% increase in domestic sales, compared to the same period a year ago, and Harley-Davidson sales worldwide were up 5.9% overall in 2011.