(Reuters) -Harley-Davidson reported a lower second-quarter profit and did not provide an annual forecast on Wednesday, as U.S. President Donald Trump’s tariffs continued to weigh on the motorcycle maker.
Leisure vehicle demand has been on a decline in the U.S., with consumers rethinking non-essential purchases in an uncertain economy.
Harley’s sales have taken a hit over the years as its bikes struggle to resonate with younger riders, who are looking for fuel efficient models instead with modern safety features.
The company’s quarterly profit fell to $108 million, or 88 cents per share, from $218 million, or $1.63 per share, a year ago.
(Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel)
Brought to you by www.srnnews.com