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Motorcycle loans may show bikers are riding out of recession too

Fewer bikers seem to be in default on their loans motorcycle according to a report by Fitch Ratings, a rating agency to work with Harley-Davidson ffnancial Services (HDFS) division.

Harley-Davidson Funding Corp. (HDFC) is a 100% wholly owned subsidiary of Harley-Davidson Credit Corporation which itself is 100% owned subsidiary of HDFS.Basically, HDFS is the finance company of Harley-Davidson used when a rider is financing the purchase of a new motorcycle.

In a financial transaction regarding loans Harley-Davidson "in his books" Fitch noted HDFS benefited from improved performance in 2010 compared to other recent years. Fewer bikers are in arrears with their monthly payments The delinquency rate of 30 days down almost 1.50% compared to 2009.

losses on loans, or loans that bikers simply stopped paying on, also improved for HDFS.

"Losses on HDFS 'managed loans motorcycle detail was 2.11% for the year ending December 31, 2010 compared to 2.86% in 2009’ the report notes. However, while the number of loans that went bad may have been fewer, the report also notes the improving market for previously owned motorcycles is again gaining strength. This would allow for any repossessed motorcycles to be sold for a better price than they may have the year before.

And it appears that HDFS are raising the credit standards of who they’ll lend money to, with more underwriting scrutiny usually producing a stronger loan portfolio.

Finally, the rough road Harley-Davidson has taken on reducing inventory levels coming out of factories and found on the floors of rooms dealer seems to be helping, "Improving the levels of inventories at dealers improve supply dynamic supply and demand, the recovery rate stabilization.

Apparently, not only keep some bikers riding where the world of two wheels craze subsided, but they finally reach a clearer sky in this economic storm.

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