Continued Coverage of Bean’re in ASIA

River crossings by motorcycle in Asia

To see ,ore of his amazing journey, visit EVERYTHING BEAN’RE

 

There is a lot of ways to get across the rivers here in Asia.

Even when they have bridges, they can be very sketchy and you have to walk across them just to test if they will hold the weight of you and your bike.

Sometimes you are just better off riding across.

Rivers need to be walked to check the depth or you can watch some one else and decide how to go about crossing. Locals usually know the best way.

Sometimes you can find a good makeshift ferry to carry your bike across.

But most of the time it is just an ordinary boat. Basically an over sized canoe that is used to carry people across.

There are no docks and the boats can’t pull up onto the beach. You usually have to bring the bikes into the water to load and unload them but that is just one obstacle.

The beaches have soft sand which you have to cross to get to and from the boats and it doesn’t stop there.

Most beaches are below steep hills or even cliffs that you must get up and down.

Basically you just have to be prepared to get a little dirty like in all good adventures!

Here is a video where I had a little fun with a bridge crossing…….

 

Margie Siegal’s New Harley History Book

margie siegal bookBack years ago when Dennis Stemp first started the original Iron Trader News one of his first acts was to get Margie Siegal on board to write about antique motorcycles and the history of motorcycling. Over the years Margie has entertained and enlightened our readers in every issue with her vast knowledge and expertise in the field of antique motorcycles.

Now she has written a new book about the history of Harley-Davidson titled: Harley-Davidson, A History of the World’s Most Famous Motorcycle. This 96 page book is being published by Random House and will go on sale in stores on May 20, 2014 for $9.95. But the book is available for preordering right now from Barnes & Noble, and Amazon.com. This book should be a ‘must buy’ for anyone who considers themselves a true Harley enthusiast.

Source: Random House
Image: Amazon.com
Posted by Sam Kanish

HARLEY-DAVIDSON DELIVERS CONTINUED GROWTH FOR FOURTH QUARTER & POSTS SALES / GROWTH FOR 2013

HARLEY-DAVIDSON DELIVERS CONTINUED GROWTH FOR FOURTH QUARTER and FULL YEAR / 2013 GROWTH & SALES NOTED BELOW

Full-Year EPS Rises 20.6% on 5.7% Revenue Growth

New Harley-Davidson Motorcycle Retail Sales Grow 5.7% Worldwide in Fourth Quarter
and 4.4% for Full Year

MILWAUKEE, Jan. 30, 2014 – Harley-Davidson, Inc. (NYSE:HOG) earnings and dealer new motorcycle sales continued their growth in the fourth quarter of 2013 and for the full year, compared to the year-ago periods.

Fourth-quarter diluted earnings per share increased 9.7% to $0.34, primarily on strong operating results in the Motorcycles segment, including higher revenue and lower operating expense, compared to the year-ago period. Fourth-quarter net income was $75.4 million on consolidated revenue of $1.19 billion, compared to net income of $70.6 million on consolidated revenue of $1.17 billion in the year-ago period.

Worldwide retail sales of new Harley-Davidson motorcycles grew 5.7% in the quarter and 4.4% for the full year, compared to the year-ago periods.

For the full year 2013, Harley-Davidson net income was $734.0 million on consolidated revenue of $5.90 billion, compared to full-year 2012 net income of $623.9 million on consolidated revenue of $5.58 billion. Full-year 2013 diluted earnings per share were $3.28, up 20.6% from EPS of $2.72 in 2012.

“Without question 2013 was an outstanding year for Harley-Davidson. We unveiled game-changing motorcycles like Project Rushmore and Street, launched surge manufacturing, celebrated our 110th anniversary with customers around the globe and delivered continued financial growth,” said Keith Wandell, Chairman, President and Chief Executive Officer of Harley-Davidson, Inc.

“Harley-Davidson has been relentless at driving improvements throughout the organization that enable us to design, build and deliver motorcycles with unprecedented speed, efficiency, safety and quality. Together with our dealers, we continue to broaden our customer base and inspire riders to experience our brand. In 2013, retail sales of new Harley-Davidson motorcycles to outreach customers in the U.S. grew at more than twice the rate of sales growth to core customers, and we continued to expand the reach of our brand in international markets.

“None of these results would be possible without the great efforts of our employees, dealers and suppliers, working as one team and moving in one direction to fulfill customers’ dreams,” said Wandell. “Moving forward, we believe we are well positioned to leverage our momentum, expand our reach among new and existing customers, and further strengthen Harley-Davidson’s position as one of the world’s leading brands.”

Retail Harley-Davidson Motorcycle Sales

Dealers worldwide sold 45,875 new Harley-Davidson motorcycles in the fourth quarter of 2013, compared to 43,405 motorcycles in the year-ago quarter. In the U.S., dealers sold 27,387 new Harley-Davidson motorcycles in the quarter, up 6.3% compared to sales of 25,753 motorcycles in the year-ago period. In international markets, dealers sold 18,488 new Harley-Davidson motorcycles during the quarter, up 4.7% compared to 17,652 motorcycles in the year-ago period, with unit sales up 6.1% in the Asia Pacific region, 5.5% in the EMEA region and 13.3% in Canada, and down 2.8% in the Latin America region.

For the full year 2013, dealers sold 260,839 new Harley-Davidson motorcycles worldwide, compared to 249,849 motorcycles in 2012, with retail unit sales up 4.4% in the U.S., 9.8% in the Asia Pacific region, 13.1% in the Latin America region and 4.6% in Canada, and down 1.0% in the EMEA region, compared to the full year 2012.

Harley-Davidson Motorcycles and Related Products Segment Results

Fourth-Quarter Results: Operating income for the Motorcycles and Related Products segment (the Motorcycles segment) grew 14.3% to $60.7 million in the fourth quarter of 2013, compared to operating income of $53.1 million in the year-ago period. Operating income in the quarter benefited from higher revenue and lower operating expense compared to the prior-year period.

Revenue from sales of motorcycles to dealers and distributors grew 1.4% to $781.8 million, compared to revenue of $771.1 million in the year-ago period. The Company shipped 46,618 motorcycles worldwide during the quarter, compared to shipments of 47,067 motorcycles in the year-ago period.

Revenue from motorcycle parts and accessories was $169.3 million during the quarter, up 4.8% compared to the year-ago period, and revenue from general merchandise, which includes MotorClothes® apparel and accessories, was $75.9 million, up 2.5% compared to the year-ago period.

Gross margin for the Motorcycles segment was 31.5% in the fourth quarter of 2013, compared to 31.8% in the fourth quarter of 2012. Fourth-quarter operating margin for the Motorcycles segment was 5.9%, compared to operating margin of 5.3% in last year’s fourth quarter.

Twelve-Month Results: For the full year 2013, the Company shipped 260,471 motorcycles to dealers and distributors, a 5.2% increase compared to 2012. Full-year revenue from motorcycles grew 8.0% to $4.07 billion, revenue from parts and accessories grew 1.5% to $873.1 million and revenue from general merchandise decreased 1.2% to $295.9 million, compared to 2012. Full-year gross margin for the Motorcycles segment was 35.4% and operating margin was 16.6%, compared to 34.8% and 14.5% respectively in 2012.

Financial Services Segment Results

Operating income from financial services was $61.3 million in the fourth quarter of 2013, compared to $63.0 million in last year’s fourth quarter. Full-year 2013 operating income from financial services was $283.1 million, compared to $284.7 million in 2012. Results for the fourth quarter and full year reflect an increased provision for credit losses, partially offset by favorable net interest income. 

Guidance

Harley-Davidson expects to ship 279,000 to 284,000 motorcycles to dealers and distributors worldwide in 2014, an approximate 7% to 9% increase from 2013 shipments. In the first quarter of 2014, the Company expects to ship 76,500 to 81,500 motorcycles, compared to 75,222 motorcycles shipped in the year-ago period. The Company expects full-year 2014 operating margin of 17.5% to 18.5% for the Motorcycles segment. The Company expects 2014 capital expenditures for Harley-Davidson, Inc. of $215 million to $235 million.

Restructuring

Harley-Davidson realized a restructuring benefit of $0.4 million in the fourth quarter of 2013, and a restructuring benefit for the full year of $2.1 million. With the completion of restructuring activities in 2013, Harley-Davidson incurred total restructuring costs of $479 million in the Motorcycles segment since the inception of restructuring in 2009. The Company realized savings of $310 million in 2013 from restructuring. The Company continues to expect the now-completed restructuring activities to result in annual savings of approximately $320 million beginning in 2014.

Income Tax Rate

For the full year 2013, Harley-Davidson’s effective tax rate was 34.1%, compared to 35.1% in 2012. The lower effective tax rate was primarily driven by the retroactive reinstatement of the Research and Development Tax Credit.  The Company expects its full-year 2014 effective tax rate will be approximately 35.5%.

 

Cash Flow

Cash and marketable securities totaled $1.17 billion at year-end 2013, compared to $1.20 billion at year-end 2012. In 2013, Harley-Davidson generated $977.1 million of cash from operating activities, compared to $801.5 million in 2012. On a discretionary basis, the Company repurchased 2.7 million shares of Harley-Davidson, Inc. common stock during the fourth quarter of 2013 at a cost of $176.3 million. For the full year 2013, Harley-Davidson repurchased 7.7 million shares of its common stock at a cost of $455.6 million. In the fourth quarter of 2013, there were approximately 222.2 million Harley-Davidson weighted-average diluted common shares outstanding. At the end of 2013, 8.6 million shares remained on board-approved share repurchase authorizations.

Company Background

Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Harley-Davidson Motor Company produces custom, cruiser and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear and apparel, and general merchandise. Harley-Davidson Financial Services provides wholesale and retail financing, insurance, extended service and other protection plans and credit card programs to Harley-Davidson dealers and riders in the U.S., Canada and other select international markets. For more information, visit Harley-Davidson’s Web site at www.harley-davidson.com.

Conference Call and Webcast Presentation

 

Harley-Davidson will discuss fourth-quarter results on a Webcast at 8:00 a.m. CT today. The Webcast presentation will be posted prior to the call and can be accessed at http://investor.harley-davidson.com/. Click “Events and Presentations” under “Resources.” The audio portion of today’s call will also be posted at harley-davidson.com beginning approximately two hours after the conclusion of the call for one year. The audio may also be accessed until Feb. 13, 2014 by calling 404-537-3406 or 855-859-2056 in the US, pin number 2699 0236#. 

 

Forward-Looking Statements

The Company intends that certain matters discussed in this release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company “believes,” “anticipates,” “expects,” “plans,” or “estimates” or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets, guidance or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated as of the date of this release. Certain of such risks and uncertainties are described below. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this release are only made as of the date of this release, and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

The Company’s ability to meet the targets and expectations noted depends upon, among other factors, the Company’s ability to (i) execute its business strategy, (ii) adjust to fluctuations in foreign currency exchange rates, interest rates and commodity prices,  (iii) manage through inconsistent economic conditions, including changing capital, credit and retail markets, (iv) manage through the effects inconsistent and unpredictable weather patterns may have on retail sales of motorcycles,  (v) implement and manage enterprise-wide information technology solutions, including solutions at its manufacturing facilities, and secure data contained in those systems, (vi) anticipate the level of consumer confidence in the economy, (vii) continue to realize production efficiencies at its production facilities and manage operating costs including materials, labor and overhead, (viii) manage production capacity and production changes, (ix) manage changes and prepare for requirements in legislative and regulatory environments for its products, services and operations, (x) provide products, services and experiences that are successful in the marketplace, (xi) manage risks that arise through expanding international manufacturing, operations and sales, (xii) manage the credit quality, the loan servicing and collection activities, and the recovery rates of HDFS’ loan portfolio, (xiii) continue to manage the relationships and agreements that it has with its labor unions to help drive long-term competitiveness, (xiv) manage supply chain issues, including any unexpected interruptions or price increases caused by raw material shortages or natural disasters, (xv) develop and implement sales and marketing plans that retain existing retail customers and attract new retail customers in an increasingly competitive marketplace, (xvi) adjust to healthcare inflation and reform, pension reform and tax changes, (xvii) retain and attract talented employees, (xviii) manage the risks that our independent dealers may have difficulty obtaining capital and managing through changing economic conditions and consumer demand, (xix) continue to have access to reliable sources of capital funding and adjust to fluctuations in the cost of capital, (xx) continue to develop the capabilities of its distributor and dealer network, and (xxi) detect any issues with our motorcycles or manufacturing processes to avoid delays in new model launches, recall campaigns, increased warranty costs or litigation. 

In addition, the Company could experience delays or disruptions in its operations as a result of work stoppages, strikes, natural causes, terrorism or other factors. Other factors are described in risk factors that the Company has disclosed in documents previously filed with the Securities and Exchange Commission.

The Company’s ability to sell its motorcycles and related products and services and to meet its financial expectations also depends on the ability of the Company’s independent dealers to sell its motorcycles and related products and services to retail customers. The Company depends on the capability and financial capacity of its independent dealers and distributors to develop and implement effective retail sales plans to create demand for the motorcycles and related products and services they purchase from the Company. In addition, the Company’s independent dealers and distributors may experience difficulties in operating their businesses and selling Harley-Davidson motorcycles and related products and services as a result of weather, economic conditions or other factors.

 

Harley Announces Sales And Revenue Growth For 2013
Harley-Davidson has announced that sales of its new motorcycles grew 5.7% worldwide during the 4th quarter of 2013 and were up 4.4% for full year as compared to 2012. Net income for the 4th-quarter was $75.4 million on revenue of $1.19 billion, compared to $70.6 million on revenue of $1.17 billion in the year-ago period.

“Without question 2013 was an outstanding year for Harley-Davidson. We unveiled game-changing motorcycles like Project Rushmore and Street, launched surge manufacturing, celebrated our 110th anniversary with customers around the globe and delivered continued financial growth,” said Keith Wandell, Chairman, President and Chief Executive Officer of Harley-Davidson, Inc.

“Harley-Davidson has been relentless at driving improvements throughout the organization that enable us to design, build and deliver motorcycles with unprecedented speed, efficiency, safety and quality. Together with our dealers, we continue to broaden our customer base and inspire riders to experience our brand. In 2013, retail sales of new Harley-Davidson motorcycles to outreach customers in the U.S. grew at more than twice the rate of sales growth to core customers, and we continued to expand the reach of our brand in international markets.

“None of these results would be possible without the great efforts of our employees, dealers and suppliers, working as one team and moving in one direction to fulfill customers’ dreams,” said Wandell. “Moving forward, we believe we are well positioned to leverage our momentum, expand our reach among new and existing customers, and further strengthen Harley-Davidson’s position as one of the world’s leading brands.”

Harley dealers worldwide sold 45,875 new motorcycles in 2013’s 4th quarter as compared to 43,405 motorcycles in 2012. U.S., dealers sold 27,387 new motorcycles in the quarter, up 6.3%. International dealers sold 18,488 new motorcycles during the quarter, up 4.7% compared to the year-ago period, with sales up 6.1% in the Asia Pacific region, 5.5% in the EMEA region and 13.3% in Canada, the Latin America region was down 2.8%. Dealers sold 260,839 new motorcycles worldwide in 2013, compared to 249,849 in 2012, with retail unit sales up 4.4% in the U.S., 9.8% in the Asia Pacific region, 13.1% in the Latin America region and 4.6% in Canada, and down 1.0% in the EMEA region, compared to 2012.

Source: Harley-Davidson
Post and image Sam Kanish

IMS Results from Phoenix

Information by Jeff Najar, Bikerpros.com

While the majority of the United States experienced extreme winter weather, the Phoenix edition of the J&P Cycles Ultimate Builder Custom Bike Show was treated to balmy mid-seventies temperatures.

The Ultimate Builder is known for the diversity of styles and Phoenix, AZ was a treat for enthusiasts checking out the show. It had everything including an Arlen Ness inspired 80’s era FXR, Radical Baggers and cool  bobbers and choppers.

At each J&P Cycles Ultimate Builder show over $8,000+ in cash and prizes is spread over 5 classes with a grand total of $100,000+ awarded in the series. Each show begins on Friday and runs through Sunday.

People’s Choice Award – Shannon Venturo won with her 2011 Softail Deluxe called Dazln. SHO DOG Awards – Caren Cooper won the Garage Leathers solo bag (http://garageleathers.com) and Shannon Venturo won the Rocking K Custom Leather chain wallet. (http://rockingkcustomleather.com).

Ultimate Builder FreeStyle Class

Sam Baldi took 1st place in the FreeStyle class with Lost Angel and won the $2,500 check. Lost Angel is a custom 2013 build with an EVO Patrick Racing 113 mil softail with trans brake, centrifugal clutch and Paul Cox seat. Paint is by One Xtreme.

  1. Sam Baldi – Lost Angel, 2013 Custom
  2. Caren Cooper, Big Sky Motorcycle –Fire & Ice, 2012 Big Sky Bobber
  3. Bill Nethercutt, Hatred Customs – Confused, 2008 HD Streetglide

Ultimate Builder MOD Harley Class

Joe Watts of Knucklehead Cycles finished is MOD Harley custom build just hours before the kick off of the Phoenix inaugural of the J&P Cycles Ultimate Builder Custom Bike Show. Was that effort rewarded? Oh Yeah, he took the point in the class and came home with the $1,500 check for his efforts.

  1. Joe Watts, Knucklehead Cycles – Negra, 1986 Harley Softail
  2. Shannon Venturo – Fatty Girl, 2014 HD Break Out
  3. Jeff Five, Bob’s Cycle Supply – Apple Crate, 1988 FXR

Ultimate Builder Retro MOD Class

From show to show you never know how your custom bike will perform in the competition. Cherry Blossom from Hudson Motorycles took 2nd in Long Beach, CA earlier in the season but took the gold in Phoenix, AZ. It features a multi-cylinder Honda with ATP Turbo, S&S carb, ARD Magneto, RC Engineering exhaust and oil in the frame. Paint was applied by Love Ear Art.

  1. Hudson Motorycles, Kios Garage – Cherry Blossom, 1970 Kios Garage
  2. Eric Danuser – Twisted, 1988 EVO
  3. Terradon Choppers – Sexy Beast, 1979 HD FXEF

Ultimate Builder Performance Custom Class

Caren Cooper of Big Sky Motorcycle rolled in her 1997 Buell Mutant and you could tell by the looks of this blacked-out fireball that it was made for speed. It turns out that Miss Caren is a racer at hart and she drag raced this custom sled for many seasons. The bike features a pumped-up Buell mill in a rigid pro-street chassis from Redneck Eng.

  1. Caren Cooper, Big Sky Motorcycle – Mutant Buell, 1997 Buell

Ultimate Builder MOD Street Class

Talking to Tom Garber you get the sense that he spent a considerable amount of time considering the platform for his custom build. His platform of choice? A 1999 Yamaha Road Star, which are plentiful and relatively inexpensive. He transformed the cruiser into a slick little bobber. Perfect!

  1. Tom Garber – 1999 Yamaha Road Star
  2. Hudson Motorcycles – BMW M Series Tribute, 2012 S1000RR

 

New Harley Davidson Street takes Center Ice at X Games, Aspen

We are excited to bring the reveal of the Harley-Davidson Street motorcycle to the United States. Please see the attached press release about our exciting announcement in conjunction with the Winter X Games.

The official video from ESPN will post later tonight after its airing on TV. In the meantime, we have a teaser here: http://youtu.be/rfoVQq_9TWQ.

We are planning for the launch of Street motorcycles later this year for the United States. We are also excited to announce in conjunction with this reveal of Street at the Winter X Games, the Street motorcycle will start to be on display at the remaining International Motorcycle Shows this year: Phoenix, Cleveland, Chicago and Seattle.

 

NEW HARLEY-DAVIDSON STREET™ TAKES CENTER ICE AT X GAMES ASPEN

 

Dark Custom™ Bike Poised to Star at ESPN’s Flagship Action Sports Event

ASPEN, Colo. (Jan. 23, 2014) – The world’s hottest new motorcycle hits the ice today at X Games Aspen. Harley-Davidson – one of the newest X Games sponsors – is teaming with ESPN to feature motorcycle ice racing as an X Games Aspen exhibition sport. Following Harley-Davidson’s customer-centric approach, fans will help decide if the sport is extreme enough for future X Games winter events via social media.

Taking center ice for the exhibition is the all-new Harley-Davidson Street™ 750 – the first all-new motorcycle platform from the company in 13 years. The new motorcycle will be available in dealerships nationwide later this year.

“While the Street was designed to handle urban environments, its instant throttle response, lean chassis and super-low seat height make it perfect to ride anywhere,” said Dino Bernacchi, Director of North American Marketing Communications, Harley-Davidson Motor Company. “We modified several Street motorcycles by adding steel screws to the tires and let the world’s best flat track racers tear up the ice at high speeds. We think fans will be captivated by the extreme attitude and beauty they’ll see on the ice.”

The Street 750 from Harley-Davidson features the all-new liquid-cooled Revolution X™ engine, designed to match the demands of stop-and-go traffic. The new engine is housed in a narrow and lean chassis built for agility, with a new suspension and a broad handlebar sweep that provides confidence and maneuverability when managing tight turns and fast moves. It also has a premium, minimalist style that serves as a blank canvas for riders to customize.

 

Fans to Decide if Sport will Stick

Harley-Davidson will showcase the ice racing exhibition during ESPN’s X Games Aspen today,  Jan. 23.  Fans will influence whether the sport comes to future X Games winter events by sharing their comments via the Twitter hashtag #XGIceRace. ESPN will share comments from fans during the last day of the games. Learn more at www.darkcustom.com/iceracing.

The exhibition race will feature Harley-Davidson Factory Flat Track Team rider Brad Baker, the reigning AMA Pro Grand National champion, AMA Pro star Jared Mees, winner of the 2012 AMA Pro Grand National Championship, and his wife and fellow AMA Pro flat track racer Nichole Mees.

“The attitude and capabilities of the Street were influenced by thousands of young adults in cities around the world,” added Bernacchi. “So while we think ice racing is hardcore, it’s only fitting that Harley-Davidson is having extreme sports fans around the world help decide the X Games fate of the sport.”

 


Winter X-Games Harley-Davidson Ice Racing / Page 2

 

Motorcycle Racing on Ice

While it’s difficult to pin down when and where someone had the idea of putting a motorcycle on ice, the first records of ice racing date from Sweden in 1924. Today, ice racing is primarily on quarter-mile, half-mile and road course tracks setup on frozen lakes or indoor arenas. 

 

The sport usually is divided into classes for full-rubber and studded tires with speeds regularly approaching 80 miles per hour on straightaways and 60 miles per hour in the turns.

“Harley-Davidson has been pioneering action sports before they were even defined as action sports,” added Bernacchi.  “In fact, archive photos in the Harley-Davidson Museum show enthusiasts racing on frozen lakes almost a century ago, so it’s exciting to see us back racing on ice with a new generation of riders on the newest addition to the Dark Custom motorcycle lineup.”

 

For more information about the Harley-Davidson Street™ 750 visit www.h-d.com/street.

About Harley-Davidson Motor Company

Harley-Davidson Motor Company produces custom, cruiser and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear and apparel, and general merchandise. For more information, visit Harley-Davidson’s website at www.h-d.com.

For Further Information

Contact: Jen Hoyer 414-343-7092ice

 jennifer.hoyer@harley-davidson.com

Contact: Mike Roach 414-581-0385

 mike.roach@harley-davidson.com