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“From ownership to marketing, sales, parts, motor clothes, and every detail in between, this H-D family has been nothing less than welcoming and outstanding.
Riding Academy
Our dealership is here to assist you with any questions or concerns. Explore our motorcycle dealership in Greenfield, near Brookfield, Milwaukee, Oak Creek, Waukesha, and Wauwatosa. We have similar plans for STACYC with the first bike being shipped to Europe as we speak. While we plan to expand our market leadership, our teams are working on design, engineering and sourcing initiatives to reduce the cost of our product.
Schedule a service
For those seeking something extraordinary, explore the Pan America, Street Glide, or Road Glide. Schedule your test drive today and visit our dealership, operating as House of Harley-Davidson, conveniently located in Greenfield, Wisconsin, near Brookfield, Milwaukee, Oak Creek, Waukesha, and Wauwatosa. At HDFS, we expect operating income to be flat to up 5%, reflecting retail and wholesale portfolios and customers settling into the existing macroeconomic backdrop.
arley-Davidson®RA1250S - Pan America™ 1250 Special
Harley-Davidson® Trikes, CVO™, Anniversary, Icons and Fast Johnnie Enthusiast models are excluded. Eligible Trade-in Motorcycle and purchase of Eligible Motorcycle must be made at the same participating dealership. All trade-ins subject to participating dealership standard policies, rules and regulations.
arley-Davidson®FXLRST - Low Rider® ST
The decrease of 450 basis points was driven by lower operating leverage and the revenue factors I just spoke about, as well as continued modest cost inflation of 1% to 2%. The majority of the units shipped in the first quarters of 2024 and 2023 were produced in the preceding fourth quarters in advance of the new model year launch. Production volumes were down 24% in the fourth quarter of 2023 compared to the fourth quarter of 2022, which resulted in a higher fixed cost per unit on motorcycles shipped in Q1 of 2024 compared to Q1 of 2023. The unfavorable impact of lower operating leverage was offset by other productivity savings related primarily to logistics during the quarter.
arley-Davidson®FLTRX - Road Glide®
We expect 163,000 to 178,000 retail and wholesale units. This results in HDMC revenue coming in flat to down 9% versus prior year. Last, I will touch on a couple of additional items in terms of capital investments and capital allocation. We continue to expect total HDI capital investments in the range of $225 million to $250 million. The increase in operating cash flow was due primarily to lower net cash outflows for wholesale financing and favorable changes in working capital compared to Q1 of 2023.
Record Attendance at the 2023 Harley-Davidson Homecoming Festival - Motorcycle & Powersports News
Record Attendance at the 2023 Harley-Davidson Homecoming Festival.
Posted: Tue, 18 Jul 2023 07:00:00 GMT [source]
We're also very pleased that LiveWire has become the market leader for on road EV motorcycles in the U.S. this past quarter. And with the company increasing its focus on vehicle and operational costs, it will also consolidate its operations in Milwaukee at Harley-Davidson's historic headquarter at Juneau Avenue. In February, through HDFS, we launched Harley-Davidson Flex Financing.
As a testament to our commitment, we proudly house Milwaukee's inaugural H.O.G.® chapter, featuring esteemed members such as Willie G., Nancy Davidson, Bill Davidson, and Steve Piehl (the founder of the Harley Owners Group®). I was equally impressed by how I was treated by Eric in sales, Mike in parts, and Piero in finance. Our accolades speak volumes, having received more awards from Harley-Davidson® than any other dealership globally. At House of Harley-Davidson®, your journey is our passion. Experience the difference where heritage and modernity ride side by side.
arley-Davidson®FLTRX - Road Glide® Custom
We are also planning to reduce spend and closely manage cash across the operation to get the most out of our strategic investments. To that effect, we will centralize all of our operations in Juneau Avenue in Milwaukee, including the relocation of LiveWire lab operations from California to enable synergies and efficiency. We will take this opportunity to streamline and revisit the organization's structure to achieve simplicity in everything we do.
This is flat to down 100 basis points from the 2023 level. The project, which has been pioneered by the Harley-Davidson Foundation, will look to further connect the company, our brand and our employees to the local community, reinforcing our commitment to our hometown, Milwaukee. We could not be more excited to show you our neighborhood on the near West Side. Before I hand over to Karim to cover LiveWire, I would like to cover our outlook for the rest of the year. As we said earlier in the year, for HDMC, we expect retail units to be flat to up 9%.
Dealer inventory at the end of Q1 was up approximately 26% as compared to the end of Q1 in 2023. We believe current dealer inventory and product availability are in healthy positions overall as we approach the spring 2024 riding season. This is important with the recent launch of new model year 2024 motorcycles, especially with the positive reception to our new Street Glide and Road Glide Touring models.
Whether you're interested in personalizations or add-ons, we'll provide you with a comprehensive quote. Trust our dealership to find the financing solution that aligns with your budget. You can even expedite the process by applying for a loan online and receiving a credit decision within minutes.
Upon completion, you may receive a Basic Rider Course Completion Card, which may grant exemptions for the riding portion of your license exam in most states. Our courses cater to beginners (novice) and experienced riders, offering the skills necessary to ride confidently. Discover more options at our Harley-Davidson dealership in Greenfield, near Brookfield, Oak Creek, Oconomowoc, Waukesha, and Wauwatosa. I would like to put some unit numbers to our 2024 outlook that Jochen cited earlier, and these are in line with what we said on our last earnings call, which took place in February. At HDMC we expect that retail units sold and wholesale unit shipments will move together on a balanced basis in 2024.
We offer a certified service center that can help with routine tune-ups and more extensive repairs. We even offer an H-D® Express Lane so that you can skip scheduling an appointment and handle your repairs through our team of motorcycle mechanics. We’re also your source for Harley-Davidson® parts that will help you make the most of your Softail®, Sportster®, or Street model! Visit our team Tuesday through Saturday to handle all your motorcycle needs in one convenient Glendale, CA location. We have the equipment and experience to keep your bike in prime shape, whether you’re riding for pleasure, racing around the track, or tearing it up on the trail.
These increased costs were partially offset by higher interest income. Total interest expense was up $15 million or 21% versus the prior year. The increase was driven by a higher cost of funds as lower interest rate debt matured and was replaced with current market rate debt.
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