Indian Motorcycle is growing at a faster rate than its motorcycle rivals, a welcome sign for Polaris (NYSE:PII) as it seeks growth in the U.S. and beyond.
Polaris is competing for a bigger piece of a market long dominated by Harley-Davidson (NYSE:HOG), which controlled about 51% of U.S. motorcycle sales in the first quarter. Globally, Harley-Davidson’s quarterly motorcycle revenue increased 5% to $1.3 billion, far exceeding Polaris’ sales total of $188 million including parts and accessories.
Still, Polaris says … More
Shares of Harley-Davidson went into a skid after an analyst said he expected the bike maker to report a steep drop in sales.
Harley-Davidson’s stock tumbled 13% last week after Wall Street said it could no longer buy into the bike maker’s rosy outlook and that its main rival was stealing market share from it.
Harley-Davidson’s fourth-quarter earnings report gave the company a boost as it seemed to suggest that the company had managed to just make its numbers while providing investors with an outlook that perhaps the … More
In the US motorcycle market, Harley-Davidson has long been the choice of bikers who want a big, loud, comfortable cruiser, or a bike with some deep, made-in-the-USA credibility.
Sure, there are some big bikes and cruisers from other manufacturers, but this particular style of motorcycle has long been associated with a roaring Harley V-Twin-engined hog.
At least until … More