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%.