Posted on 07/25/2018 7:03:56 AM PDT by Red Badger
When the President of the United States is an incredibly powerful and successful businessman, there literally is nowhere to hide for companies choosing to invest their resources outside of our great nation.
What President Trump lacks in political experience, he more than makes up for in business acumen, and he has brought that incredible and extraordinarily unique spin to the Oval Office with him. Originally coined the Trump Effect, the fact that the President is one of modern historys most consummate and prosperous real estate developers has propelled our American economy forward in ways that we could only dream about under democratic rule.
And its not only a boost for those companies choosing to engage with the American workforce either. Companies who defy the United States ingenuity are finding themselves suffering as well.
Harley-Davidson said Tuesday that international sales of its motorcycles grew while domestic sales decreased in the second quarter, after the company angered President Trump by announcing it would shift some U.S. production overseas in response to his trade agenda.
The Milwaukee-based company reported that motorcycle sales in the U.S. dropped 6.4 percent to 46,490 for the quarter that ended on June 30, while international sales rose 0.7 percent to nearly 31,938. European sales grew 3.6 percent and Latin American sales grew 9.1 percent, while sales in Asia dropped 7.1 percent.
Total revenue dropped slightly to $1.53 billion for the quarter, as overall motorcycle sales dropped 4 percent. Net income dropped 6.3 percent to $242 million.
The Americana-centric brands announcement about the exporting of production irked not only the President, but a great many Americans who saw the move as downright treachery.
If Harley Davidson believes that they can simply turn this around, after offending the American people so thoroughly, they ought to have a long conversation with NFL commissioner Roger Goodell and ask him how thats going for him.
Yup, they fell victim to the ‘must increase revenue’ trap. Single brand, single product (basically) saturate the market with “skin the sheep” market practice rather than sheer the sheep — you can shear a sheep many times but only skin them once.
They have the name brand, they built in America they could have just settled for consistent revenue with flat growth on single product, then go out and buy something to try and build more revenue streams.
HD's are made for 6 foot wide riders..................
So does their domestic market.
The “outlaw” look sucks...
My last bike was a ‘72 850 Commando. Black with gold script on the tank.
Bought used, it had failing valve stem seals. On cold start up, a squirt of oil would shoot out of each tail pipe.
We were living in the Twin Cities back then. I ran a for sale ad and an Australian guy drove up in a U-haul van and peeled off 100 bills for the bike and title.
He had several BSAs and Triumphs in the van and said he was creating them up and shipping them to Australia for triple the money he paid in the US.
...ping....
LOL! Yes it does!................
DING! DING! DING!
We have a winner!
HD had already discussed moving more of their production overseas BEFORE the tariffs! This is just HD trying to push off their poor sales and bad business models onto Trump.
Thanks for the ping.
What are the execs at HD THINKING?
The customized Hogs will live on, not the new Harley.
True, Dat!
I wouldn’t tell them that..................
The revived Indian brand has also taken a lot of market share away from HD.
Let me clarify so I don’t piss off the Outlaws MC. The HD production outlaw look sucks when you apply it to every model you make.
This is what I have also been hearing. The young people are not buying them.
They ride bikes and filthy trains.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.