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MIC Leak Says Harley US Sales up 25.5%

Tuesday, April 24, 2012
Harley Davidson Motorcycles
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

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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.

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Comments
woodco100   April 26, 2012 05:52 PM
I have a 4WD SUV, why would I ride a MC in the snow.
Piglet2010   April 25, 2012 11:05 PM
Gee woodco100, why do find so many low mileage H-D cruisers for sale? Guess people must not ride them much. On the other hand, I will be riding all year around, including winter with snow on the roads on my Yammie TW200 - try that on a "Big Twin".
woodco100   April 24, 2012 05:35 PM
Hey pigly wigley, where is your comment about how horrible a place America is because we do not embrace generic 125s for basic transportation like the rest of the world? We actually buy bikes we like to ride and...gasp...look at! As Judge Schmels would say "Well...were waiting" (you can find a suitable quote from CaddyShack for any situation)