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Increased credit loss provisions, borrowing costs dampen HDFS income

HDFS annual operating income declined 23%

Johnnie Martinez II

Harley-Davidson Financial Services’ provision for credit losses ticked up and borrowing costs rose, resulting in declining operating income in the fourth quarter despite the captive’s portfolio growth.  HDFS’ outstandings totaled $7.1 billion, up 2.9% compared with Q3 2022 and 8.6% year over year, according to Harley-Davidson’s earnings presentation. The financier did not break out originations, […]

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