HDFS Loan Portfolio Drives Upward in 1Q
Harley-Davidson Financial Services saw a climb in both originations and outstandings in the first quarter.
HDFS originated $628 million in new and used retail motorcycle loans in the first quarter, up from $491.5 million in the previous quarter, and up 3.2% year over year prior when originations were at $608.7 million, according to the company’s first quarter earnings.
The company’s outstandings were also up 6.66% year over year to $6.98 billion in the first quarter, $ 5.58 billion from retail, and $1.40 billion from wholesale.
This origination and portfolio growth came as HDFS’s retail 30+ day delinquencies dropped to 2.64%, down from 4Q14’s rate of 3.61%, and down from the same time a year prior when the rate was at 2.66%.
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