If you've been perusing powersport industry financial reports for any length of time, then you may have noticed a trend over the past few years. As things continued taking a turn for the worse with Harley-Davidson's financial reports, there was still one segment of the company that consistently reported good results: Harley-Davidson Financial Services.
And now, Harley-Davidson announced that it has sold part of HDFS—for regular folks, that's the segment that handles financing for the purchase of Harley-Davidson motorcycles, as well as its loan portfolio. To explain this properly, I need to talk about how Harley divides its business into segments for the purposes of its financial reporting.
In its financial reports, there's the big umbrella organization, Harley-Davidson, Incorporated. Underneath that, there are three segments. They are as follows:
