Why Harley-Davidson’s Earnings May Stay Weak in Q2 2018
Previously, we discussed how Harley-Davidson (HOG) has continued to underperform auto stocks (XLY) Tesla (TSLA), Ferrari (RACE), and General Motors (GM). Despite softening US car sales, stronger demand for pickup trucks and utility vehicles continued to benefit mainstream automakers in Q1 2018. In contrast, Harley-Davidson’s struggle to boost sales in its home market is expected to continue in the near term.