Sharp declines in sales in the year's first quarter were the story
for Harley-Davidson Inc., the company reported Tuesday.
manufacturer reported declines in revenue and profit in the first
quarter. The $186.4 million it reported in net income is down over
25 percent from the same quarter in 2016 ($250.5 million).
in the first quarter was $1.5 billion, which was also down compared
to the first quarter last year when it reported $1.75 billion in
Financial Officer John Olin said in a news release that the company
has tried to manage demands and think toward the future, which
includes offering its dealers incentives to sell its stock of
leftover motorcycles while limiting its 2017 supply of new-model
shows our resolve to make sure that we are aggressively managing
supply in line with demand," Olin said.