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Why Harley-Davidson (HOG) Shares Are Plunging Today - Harley-Davidson (NYSE:HOG)

Harley-Davidson Inc (NYSE: HOG) reported third-quarter FY23 HDMC sales of $1.297 billion, 

Harley-Davidson profit slumps on weakening demand, shares tumble 11%

[1/4] Harley-Davidson motorcycles are seen at a dealership in Queens, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing…

Harley-Davidson profit slumps on sluggish demand

Harley-Davidson posted a 24% dip in third-quarter profit as customers cut back on discretionary spending due to higher borrowing costs and inflationary pressures.

Motorcycle sales are jumping but chip shortage is a roadblock

Emerging-market demand is a chief engine of motorcycle velocity. Increasingly mobile populations coupled with crowded cities make motorbikes the preferred choice of transport for millions of people, while the advent of on-demand services has given commercial impetus to buy a new model and make money as a delivery driver

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