Dealers as an incentive for them to shift a backlog that has restricted sales of its latest models, three dealers and two analysts said.
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The Milwaukee-based company commands slightly more than half of the.S.
Shares fell.8 percent,.95.'Not Normal though Harley has been known to offer attractive financing schemes and extended warranties to customers when there is a seasonal overhang of motorcycles, two of the sterling baby gift set three dealers said they had never before been offered a rebate.To flush out the excess inventory that was restricting sales of its latest models, Harley took the rare step of offering rebates on its 2016 motorcycles to US dealers in the first quarter.Amazon Cash Back, up to 8 Cash Back, weekly Deals.The motorcycle maker, which had previously forecast flat to modestly down full-year shipments, said it expects to ship 241,000 to 246,000 motorcycles in 2017, compared with 262,221 a year earlier.Motorcycle maker's margins in the first half of the year, the analysts said.Shop Now, the Body Shop 10 Cash Back, extra 10 off Entire Order Free Shipping Any with code: tbsfreeship10.The unusual promotion, which the dealers expect to run until the end of April, is likely to weigh on the.S.Warmer-than-usual weather, meaning an earlier start to the annual riding season, would have also helped shipments last quarter, dealers and analysts said.Enjoy Special Prices on Clarks Shoes!The dealers spoke to Reuters on condition of anonymity as the information is confidential.Demand for Harley's motorcycles in the United States has slowed as its loyal baby boomer demographic ages and rivals such as Indian-motorcycle maker Polaris Industries Inc.Shop Now, cos Bar 5 Cash Back, complimentary Shipping on 49 Orders 3 Beauty Samples with Every Order.Thats a far cry from the nearly 350,000 it shipped each year about a decade ago.Two of the three dealers said they had been able to clear most of their 2016 inventory, and the third said it could take another month or two to shift last year's models.Harley-Davidson shares lost nearly 6 percent on Tuesday after the motorcycle maker reduced its full-year shipments forecast, underscoring slowing demand as the companys loyal baby boomer customer base ages.Shop Now, crowne Plaza Hotels 6 Cash Back, as a Member, You Now Get Better Savings When You Book Direct with Your Rate.Harley's touring bikes are among its costliest, with the price of a 2016 Road King starting from 18,749.As a result, he said, Harley would limit shipments of its 2017 models, including touring motorcycles with the new "Milwaukee-Eight" engine.Shop Now, neiman Marcus 5 Cash Back 50 off 200, or 100 off 400 Regular Priced Purchase with code savenow."It's not normal a Harley dealer in the western United States said.
James Hardiman, an analyst at Wedbush Equity Research, said the rebates were likely to hit Harley's gross margins in the first and second quarters.