Harley-Davidson Withdraws 2025 Outlook Amid Industry Strain

Harley-Davidson has withdrawn its financial outlook for 2025, citing ongoing uncertainty from global tariffs, high interest rates, and inflation, which have weakened demand and contributed to a 23% drop in revenue and a 33% decline in global motorcycle shipments in the first quarter. Despite reporting a net income of $133 million, global retail motorcycle sales fell 21%, with North America particularly affected. The company is responding with cost controls, supply chain management, and reduced dealer inventory. Industry instability has prompted similar actions from peers such as Polaris, reflecting broader volatility in U.S. trade policy. Internally, Harley-Davidson faces pressure from an activist investor seeking board changes and is currently searching for a new CEO. These developments highlight the challenges facing the motorcycle industry amid global economic uncertainty.