How Harley-Davidson Killed Itself
Video Statistics and Information
Channel: FortNine
Views: 3,341,225
Rating: 4.8709345 out of 5
Keywords: harley davidson, collapse, fail, bankrupt, shutting dowm, hd, america, usa, united states of america, economy, coronavirus, covid19, pandemic, businesses failing, motorcycles, motorcycle industry, cruisers, sportster, dyna, glide, road king, fat bob, fat boy, xr1200, canada, explained, fortnine, revzilla
Id: EOwxxsPaogY
Channel Id: undefined
Length: 14min 11sec (851 seconds)
Published: Sun May 17 2020
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"their best selling model is basically a mobility scooter"
There are so many good zingers in this one. If im understanding his thesis:
I came to the same conclusion as him. HD should accept that their brand is shrinking and adjust accordingly. I'm not an HD/cruiser hater and I do think that there is still room in the market for a premium cruiser, but it will continue to shrink as time goes on. It's clearly a market that's worth being the king of due to the profit margins, but it's not a hill to die on.
If they want to expand again, then they probably need to create a holding company and split off HD into its own company. Their diversification should be spearheaded by having separate brands with different marketing campaigns. It's old hat to say that keeping Buell would have put them in a better position today(and I don't think that it would've), but maybe MV Agusta would have. It gives the holding company a clean slate and the HD side can freely use them as a hate-sink if the HD diehards complain about the new models.
I'm in the market for a cruiser and I'd love to get a HD Street Bob, but I can't justify spending $20k on a new bike, and the used market is still typically above $10k for older models that are decked out in tassels and chrome.
I make a decent income and I still can't afford HD so no wonder their market in stalled.
Itβs pretty obvious that the Harley riders themselves are to blame for their bad image, I have been riding Japanese motorcycles since the early 70βs, I wave to all approaching bikers, the only ones that donβt wave back are the HD riders. Riding what you want should have nothing to do with a brand name, put yourself on something that makes you happy. Iβm always happy on my V-Strom. π
I just donβt want to buy into the brand because of the toxic culture.
I always wave to everyone, Harley dudes wave maybe 10% of the time. All because my R6 isnβt a βreal bikeβ.
Itβs ruined it for me.
A couple of other things probably holding back young buyers is location and/or living situation. Lots of young people are living in cities, where having a big, heavy bike is less convenient than smaller ones or scooters. I have a hard enough time parking my car, let alone the fact I don't have a garage to protect it from snow. Who is going to park their new Harley year round on city streets? It seems like something for a home owner. And that's kind of the 2nd part: many millenials are living at home longer, putting off marriage until later, and avoiding home ownership. There are a bunch of reasons, and this varies a lot based on where you are in the country, but it's probably a factor. If someone wants to go on big long rides, the heavy highway touring bikes make sense, but I think people of my generation want to spend their free time or vacations exploring urban areas rather than guys only road trips, where the bikes that made Harley famous like the Fatboy just don't fit as easily.
He overlooked another huge factor- for decades now it wasn't enough to be "pro" Harley Davidson as an owner, it was expected to be "anti" every other bike brand made.
The barrel bodies and gray beards that rode them went out of their way to insult fellow motorcycle enthusiasts at every opportunity. And all because they didn't own a 900 pound oil leaking overpriced slow pile of shit with terrible handling.
Now they want to win over riders from other brands and court new riders?
Ya, fuck off with that. You burned that bridge years ago
Throughout history when a manufacturer was in trouble they built a simple, low-cost, reliable small vehicle and sold LOTS of them.