Harley-Davidson, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and offers a complete line of motorcycle parts, accessories, apparel and general merchandise. Its subsidiary, Harley-Davidson Financial Services, provides wholesale and retail financing as well as insurance program to dealers and customers.
In an April 13,2005, press release announcing first-quarter results, CEO Elect Jim Ziemer, said, "Looking ahead, we expect Harley-Davidson's business to continue to grow and 2005 to be our 20th consecutive record year. At the same time, U.S. retail sales of Harley-Davidson motorcycles during the first quarter of 2005 have been relatively flat with the same period last year -- falling short of our expectations. Despite our continued optimism for the year, we feel it is prudent to limit short-term production growth, maintaining demand in excess of supply."