HDFS Losses 'Temper,' Yet Continue to Rise in 1Q | Auto Finance News | Auto Finance News

HDFS Losses ‘Temper,’ Yet Continue to Rise in 1Q

DSCN3635Harley-Davidson Financial Services originated $709.8 million — up 3.8% year-over-year — in the first quarter, according to the company’s earnings call today.

Annualized net losses — at 2.3% in 1Q — were up 33 basis points from the prior-year quarter, and to top the highest level the captive has seen since the fourth quarter of 2010, when losses were at 2.11%.

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