While U.S. sales remain slow, Harley Davidson is planning to up the number of dealers selling the Motor Company’s bikes in Brazil.
The company reached an agreement with HDSP/Grupo Izzo, its exclusive dealer in Brazil, that will allow for appointment of new retailers in the future, according to a statement today that didn’t provide details. Costs of the planned expansion will reduce profit this quarter by as much as 6 cents a share, Milwaukee-based Harley said in a regulatory filing.
Harley has sold bikes in Brazil since 1993 and assembled them there since 1999. Harley also recently announced the construction of an assembly plant in India. Looks like they’re focused on growth in international markets while waiting for the U.S. economy to get back on the road.