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Harley-Davidson Financial Losses Hit Six-Year High Amid Oil Sector Troubles

Larissa Padden
Pictured are motorcycles lined up for auction at the Dallas, Texas-based National Powersport Auctions facility.
Pictured are motorcycles lined up for auction at the Dallas, Texas-based National Powersport Auctions facility. Among those were a high percentage of repossessed Harley-Davidson motorcycles. / Photo Credits: Natalie Mattila

BOSTON — Despite indications of slow recovery in the oil and gas sector, turmoil in the energy market has sparked higher losses for Harley-Davidson Financial Services.

Annualized net losses at HDFS have reached the highest level the captive has seen in six years. Net losses reached 1.98% last quarter, compared with 2.04% in 2Q10. Additionally, 30-day delinquencies were up on a year-over-year basis to 2.88%, from 2.64%.

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