Harley-Davidson Financial Boosts Loss Provisions in 4Q | Auto Finance News | Auto Finance News

Harley-Davidson Financial Boosts Loss Provisions in 4Q

DSCN3633Harley-Davidson Financial Services loan-loss provision shot up 119% year over year — to $39.8 million — in 2016, driven by higher retail credit losses.

The decline came amid a 2.3% year-over-year decline in originations, to $3.1 billion. Losses — up 40 basis points to 1.8% in 4Q16 — continue to reach record highs unseen since the fourth quarter of 2010, when losses hit 2.11%.

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