Steve Di.
Active Member
Have any of you guys seen yesterday's article in the Wall Street Journal?
It was an interesting article. It seems the bulk of Harley's problems are due to consumer financing. With the down-turn in the economy, there was a resulting spike in repossessions. This caused a drop in the resale value of used bikes, but has created a great buying opportunity. The article mentioned the finance companies are looking to liquidate the bikes in an attempt to protect their portfolios. The article did not give any information regarding the when and where of the repo sales.
Harley's Skid Spills Uneasy Riders - WSJ.com
It was an interesting article. It seems the bulk of Harley's problems are due to consumer financing. With the down-turn in the economy, there was a resulting spike in repossessions. This caused a drop in the resale value of used bikes, but has created a great buying opportunity. The article mentioned the finance companies are looking to liquidate the bikes in an attempt to protect their portfolios. The article did not give any information regarding the when and where of the repo sales.
Harley's Skid Spills Uneasy Riders - WSJ.com