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Choose from Sport, Cruiser, Adventure Touring, Grand American Touring, Trike, and CVO options all available under one roof. House of Harley-Davidson is committed to providing you with an exceptional riding experience. Explore our dealership to find an exceptional selection of new motorcycles.
arley-Davidson®FXLRS - Low Rider® S
Total cash and cash equivalents ended at $1.5 billion, which was $97 million lower than at the end of Q1 prior year. This consolidated cash number includes $141 million at LiveWire. Additionally, as part of our capital allocation strategy and in line with our commitment to return capital to our shareholders, we bought back 2.5 million shares of our stock at a value of $98 million in Q1 of 2024. As we look to the rest of 2024 we remain excited about our new 2024 motorcycle lineup and as Jochen discussed, we are reaffirming our full year guidance with the exception of the improvement noted in LiveWire operating loss. HDFS operating income was $54 million, down $5 million or 8% compared to last year. The Q1 decline was driven by higher borrowing costs, a higher provision for credit losses, and higher operating expenses.
arley-Davidson®FXLRST - Low Rider® ST
With our expansive showroom and massive inventory, we offer one of the largest selections of bikes and merchandise in the area! Whether you're searching for a classic model or the latest release, we have it all. Our commitment to excellence extends beyond our products.
arley-Davidson®FLSB - Softail® Sport Glide®
With a diverse range of options available, our knowledgeable staff can assist you in finding the perfect bike to suit your needs. Whether you're drawn to Adventure Touring or prefer the classic Cruiser style, we offer a variety of models to consider. Experience a new level of riding with models like the Electra Glide, Fat Bob, Fat Boy, Forty-Eight, and 883 Iron.
As the proud home of Milwaukee's very first H.O.G.® chapter, we embrace the spirit of camaraderie and adventure that defines the Harley Owners Group®. Our chapter includes iconic figures such as Willie G., Nancy Davidson, Bill Davidson, and Steve Piehl, the founder of H.O.G.®. By visiting our dealership, you become part of this rich heritage and can connect with fellow riders who share your passion.
Harley-Davidson® Road King® Special Black
You can see our commitment to capital returns since 2022 on page 15. Since the beginning of 2022 and through Q1 2024, we've bought back $773 million in shares and paid out $214 million in dividends. We are committed to putting customers at the forefront of our products and experiences. H-D Flex does just that, while providing them with another innovative financing option to make Harley-Davidson motorcycle ownership fit the individual budget and lifestyle.
Harley-Davidson dealers gear up for Labor Day weekend rally in southeast Wisconsin - Milwaukee Business Journal - Milwaukee Business Journal
Harley-Davidson dealers gear up for Labor Day weekend rally in southeast Wisconsin - Milwaukee Business Journal.
Posted: Tue, 31 Aug 2021 07:00:00 GMT [source]
At Los Angeles Harley-Davidson®, we value the opportunity to create a long-term relationship with our customers, and we do that by making sure to exceed your expectations. Discover an array of new motorcycles for sale and receive full support throughout the purchasing process at our dealership. Our team will assist you in determining the riding style that best suits your personality and preferences. Once identified, explore our inventory and find the motorcycle that resonates with you.
For the first time in our history this innovative loan option provides an alternate way to purchase a Harley-Davidson motorcycle. While we offer a wide selection of new and used motorcycles, including cruisers, trikes, and touring models, we’re here to help with everything else. In fact, you can learn how to ride with our team of experienced experts or you can stay up-to-date with Harley-Davidson® of Glendale through our newsletter! We even carry a selection of vintage motorcycles that are available to rent so you can experience the heritage that the Harley-Davidson® brand was built on. Get in touch with our Glendale, CA motorcycle dealership to learn about all the options we can assist with. In Q1 HDFS' annualized retail credit loss ratio was 3.7%, which compares to an annualized retail credit loss ratio of 3.2% in Q1 of 2023.
arley-Davidson®FLHX - Street Glide®
Visit us in Milwaukee today and be part of a legacy that continues to thrive through the spirit of Harley-Davidson®. LiveWire is fully committed to the electrification of the sports by building the best product and delivering an unmatched customer experience. Harley-Davidson, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). The Harley-Davidson® Riding Academy New Rider Course is designed to get you comfortable on a bike and give you the skills you need to ride with confidence.
House of Harley-Davidson is committed to serving customers at our motorcycle dealership in Greenfield, serving Brookfield, Milwaukee, New Berlin, Oak Creek, Waukesha, Wauwatosa, and beyond. The lower revenue was due primarily to product mix and a one-time adjustment relating to a change in their retail partner strategy. Selling, engineering and administrative expenses remained relatively flat compared to the prior year.
We are proud to carry a large selection of new and pre-owned inventory. What makes us different from other California dealers – we say yes. In addition to providing parts and accessories for customization, we also offer rider training through our Riding Academy.
And lastly on Pillar 6 inclusive stakeholder management, we are looking forward to formally unveiling the new community park at our Juneau Avenue headquarters on June 24. And as the riding season is starting to get into gear, we're excited for our riders and fans both inside and outside of North America to get to experience the next era of Harley-Davidson Touring motorcycles. As usual, I will now briefly address select Hardwire strategic pillars and our delivery of them, starting with pillar one, profit focus. Overall, we are very pleased with our new model year launch and in particular our newer Touring lineup, which is being received very positively by customers, dealers and media alike.
The increase in credit losses was driven by several factors relating to the current macroeconomic environment and the related customer and industry dynamics. In addition, the retail allowance for credit losses for the first quarter remained flat at 5.4% from Q4 of 2023. Total retail loan originations in Q1 were up 2%, while commercial financing activities were up 22% to $1.5 billion. Total quarter end net financing receivables, including both retail loans and commercial financing was $7.9 billion, which was up 4% versus prior year. For the LiveWire segment, electric motorcycles revenue decreased in the first quarter of 2024 compared to the prior year period despite higher unit sales in the quarter. We are proud to serve the Fullerton area, offering the best in new Harley-Davidson® and pre-owned motorcycles.
As you will hear from Karim now, for the full year Livewire is revising its operating loss guidance and now expects an improved operating loss of $105 million to $115 million from previous guidance of an operating loss of $115 million to $125 million. Lastly, I would like to reinforce our commitment to returning excess free cash flow to our shareholders. We plan to continue to optimize our returns through share repurchases and appropriate dividend payments.
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