sales

Harley-Davidson Has 22% Upside as Sales Start to Heat Up, Says Analyst

Sales of Harley-Davidson (NYSE:HOG) motorcycles are roaring back to life, according to one Wall Street analyst who believes that’s worth lifting his price target on the stock from $55 per share to $60, or 20% above where the bike maker’s stock closed on Thursday.

Wedbush analyst James Hardiman tells investors in a research note that his channel checks show Harley-Davidson is gaining traction among motorcycle buyers again. April sales were running 5% to 7% above the levels they hit in 2019 while May sales were sprinting higher by low double-digit rates.

If those figures pan out, it could mean the motorcycle manufacturer truly has found the bottom of its yearslong sales slide.

Harley-Davidson Pan America 1250 motorcycle being ridden in the desert

A Harley-Davidson Pan America 1250. Image source: Harley-Davidson.

Investors have been burned before by overly optimistic assessments of Harley-Davidson’s ability to pull out of its sales decline, but there could be something this time to Hardiman’s

Read More

Find Clearance Sales On A New Automotive!

Car & Automotive,automotive industry,Car & Mechanical,Car & Classic,motorcycleTransport infrastructure consists of the fastened installations, including roads , railways , airways , waterways , canals and pipelines and terminals resembling airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (together with fueling docks and fuel stations ) and seaports Terminals may be used both for interchange of passengers and cargo and for maintenance. CLASS ACTION WAIVER. THESE PHRASES DO NOT ALLOW CLASS OR COLLECTIVE ARBITRATIONS, EVEN IF THE AAA PROCEDURES OR GUIDELINES WOULD. HOWEVER ANOTHER PROVISION OF THESE TERMS, THE ARBITRATOR COULD AWARD MONEY OR INJUNCTIVE REDUCTION ONLY IN FAVOR OF THE PERSON SOCIAL GATHERING SEEKING RELIEF AND SOLELY TO THE EXTENT OBLIGATORY TO PROVIDE THE AID WARRANTED BY THAT CELEBRATION’S PARTICULAR PERSON CLAIM. ARBITRATION OR COURT PROCEEDINGS HELD BENEATH THESE PHRASES CANNOT BE INTRODUCED, MAINTAINED OR RESOLVED ON BEHALF OF OR BY A CLASS, AS A NON-PUBLIC LAWYER-NORMAL, OR IN SOME OTHER … Read More

Harley-Davidson Sales Finally Hit Paydirt Again

Harley-Davidson (NYSE:HOG) finally turned in a good quarterly earnings report Monday as first-quarter U.S. motorcycle sales jumped to their highest level in four years and earnings per share nearly quadrupled.

The gains follow a change in when the bike maker introduces its new models, from late summer to early in the calendar year, to coincide with when bike riders are most interested in buying, and suggests the “Rewire” roadmap CEO Jochen Zeitz has laid out for turning the company around is gaining traction.

Harley-Davidson Pan America adventure touring motorcycle

The new Pan America 1250 adventure touring motorcycle. Image source: Harley-Davidson.

A broad-based recovery

Revenue of $1.4 billion in the first quarter was up 10% year over year as motorcycle segment revenue rose 12% from 2020 on the back of strong demand for Harley’s touring bikes. That’s also without the full benefit of the introduction of its first adventure touring bike, the Pan America

Read More

Thailand auto sales and production to stabilise in 2021 – analyst | Automotive Industry News

After signs of a rebound in December, an analyst forecasts that Thailand’s market will bottom out in 2021, even as volumes for the year are still expected to be down on 2020.

Thailand’s new vehicle market rebounded strongly in December 2020, with sales rising by over 7% to 95,636 units from 89,285 units in the same month of the previous year, according to wholesale data compiled by the Federation of Thai Industries (FTI).

While the rebound came against weak year-earlier sales, the vehicle market had become much more stable in the last few months. Day-to-day domestic economic activity in the country had largely returned to normal after the government eased social and business restrictions towards the end of the second quarter as the threat of COVID-19 receded.

The economy was still under significant pressure from weak private consumption and investment, however, while business and consumer confidence remained weak.

The Federation

Read More