It Looks Like Harley Davidson Replicates The U.S. Economy

Most recently Harley Davidson (NYSE: HOG) published its 2015 results. Looking at the annual company's vehicle shipments I have spotted an interesting pattern:

The chart demonstrates changes in annual shipments. If there is an increase in shipments it is depicted in green. And vice versa - if there is a decrease, it is depicted in red.

It is interesting that in 2007, one year before the last financial crisis, Harley Davidson reported a decrease in shipments. A similar situation happened last year - for the first time since 2010 shipments went down 1.6%.

Well, it looks like Harley Davidson, a flagship U.S. company, behaves like the U.S. economy. Currently it is slowing down.