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Is Harley-Davidson the Worst Motorcycle Money Can Buy?
by Rich Smith, The Motley Fool Feb 17th 2014 12:30PM
Updated Feb 17th 2014 3:42PM
Is Harley-Davidson the worst motorcycle money can buy? Let's get this out of the way right now. No.
It's actually the second worst.
At least, according to Consumer Reports.
Harley-Davidson Forty-Eight Sportster. Photo: Harley-Davidson.
Long a recognized authority on automotive quality and value for your money in cars, Consumer Reportsbegan branching out to reviewing motorcycles last year, publishing its first-ever report on the most reliable motorcycles from five of the biggest brands -- Harley, BMW , Honda , Kawasaki, and Yamaha. (Polaris' Victory and Indian brands had apparently not made enough of a dent in the market to attract CR's attention by the time of the survey.) What CR discovered from its research is that quality varies "significantly" among brands -- and the best brand, Yamaha, is about six times more reliable than the worst, BMW.
Only about one Yamaha bike in 10 has experienced a major problem or required a serious repair over the past four years, according to the 4,424 motorcycle owners surveyed by CR. In contrast, about one BMW motorcycle in three has suffered from such a complaint -- and one Harley in four. Here's how the numbers break down:
Subtler variations in vehicle reliability were found within brands as well. CRcategorized them according to "class" of motorcycle, noting that touring motorcycles were most problematic, and cruisers the least. This may have something to do with the fact that, according to CR, "accessories" were the most common problems encountered with bikes. Touring bikes, being designed for comfort in long-distance travel, are likely to be outfitted with more bells and whistles than a standard motorcycle -- and therefore have more accessories on them that can break.
Again, the numbers:
The good news here is that Consumer Reports says major, big-ticket repairs were few and far between in its research. Regardless of bike and regardless of brand, only about 3% of all problems reported to CR involved a motorcycle's engine, only 3% a transmission, and only 7% a clutch. More common were issues with a vehicle's brakes or electrical or fuel system, and, as already mentioned, with the accessories. Overall, CR noted that about 75% of the repairs reported to it were performed for $200 or less.
What it means to youThat last fact, the low cost of repairing most motorcycle fix-its, may be the really important news for Harley-Davidson shareholders.
It may help to explain why -- Harley's weak performance on the surveynotwithstanding -- CR says Harley owners remain the most brand-loyal of all motorcycle owners, with an astounding 75% saying yes, they'd buy a Harley again. The occasional small repair bill may simply be a price they're willing to pay for owning the most famous name in motorcycles. (And it probably doesn't hurt thatHarley goes the extra mile to take care of its customers when an issue with one of its bikes does arise.)
In turn, the remarkable brand loyalty of Harley-Davidson customers may help to explain why, of the publicly traded motorcycle makers on the survey, Harley carries the highest price-to-earnings ratio, selling for nearly 20 times trailing earnings. Whether that P/E ratio can bear the scrutiny now that Consumer Reports has put a bull's-eye on Harley-Davidson, though, remains to be seen.
Learn the secrets to successful car (or bike) buying
You don't know it yet, but you probably spent thousands more than you should have on your last ride. The auto industry is a dangerous place for uneducated consumers -- for now. But our top auto experts are determined to even the playing field. That's why they created a a brand-new free report on The Car Buying Secrets You Must Know. The advice inside could save you thousands of dollars on your next vehicle, so be sure to read this report while it lasts. Your conscience, and your wallet, will thank you. Click here now for instant access.
The article Is Harley-Davidson the Worst Motorcycle Money Can Buy? originally appeared on Fool.com.
KSquared Comment:
Frankly, I can't think of a magazine less suited to rate motorcycles than Consumer Reports. Consumer Reports rates all products as they would appliances; how efficiently do they transport the owner from here to there - everything objective; everything by the numbers and by the book. But motorcycles are not appliances - motorcycles are subjective devices with character and soul. To rate them ". . . by the numbers . . ." underrates their visceral appeal. Does this author think that 75% of Harley owners (and I'd wager it's WELL higher than that - more like 85 - 90%) would buy another because their efficient people movers? Because they don't have mechanical problems? Because of their performance? Don't make me laugh! Nope - they'd be repeat customers because they like Harley-Davidsons - and for no other reason. Because Harleys, for whatever reason, SPEAK to their owners - and the owners like what they hear in that small, still voice in their heads.
Is Harley-Davidson the Worst Motorcycle Money Can Buy?
by Rich Smith, The Motley Fool Feb 17th 2014 12:30PM
Updated Feb 17th 2014 3:42PM
Is Harley-Davidson the worst motorcycle money can buy? Let's get this out of the way right now. No.
It's actually the second worst.
At least, according to Consumer Reports.
Harley-Davidson Forty-Eight Sportster. Photo: Harley-Davidson.
Long a recognized authority on automotive quality and value for your money in cars, Consumer Reportsbegan branching out to reviewing motorcycles last year, publishing its first-ever report on the most reliable motorcycles from five of the biggest brands -- Harley, BMW , Honda , Kawasaki, and Yamaha. (Polaris' Victory and Indian brands had apparently not made enough of a dent in the market to attract CR's attention by the time of the survey.) What CR discovered from its research is that quality varies "significantly" among brands -- and the best brand, Yamaha, is about six times more reliable than the worst, BMW.
Only about one Yamaha bike in 10 has experienced a major problem or required a serious repair over the past four years, according to the 4,424 motorcycle owners surveyed by CR. In contrast, about one BMW motorcycle in three has suffered from such a complaint -- and one Harley in four. Here's how the numbers break down:
Subtler variations in vehicle reliability were found within brands as well. CRcategorized them according to "class" of motorcycle, noting that touring motorcycles were most problematic, and cruisers the least. This may have something to do with the fact that, according to CR, "accessories" were the most common problems encountered with bikes. Touring bikes, being designed for comfort in long-distance travel, are likely to be outfitted with more bells and whistles than a standard motorcycle -- and therefore have more accessories on them that can break.
Again, the numbers:
The good news here is that Consumer Reports says major, big-ticket repairs were few and far between in its research. Regardless of bike and regardless of brand, only about 3% of all problems reported to CR involved a motorcycle's engine, only 3% a transmission, and only 7% a clutch. More common were issues with a vehicle's brakes or electrical or fuel system, and, as already mentioned, with the accessories. Overall, CR noted that about 75% of the repairs reported to it were performed for $200 or less.
What it means to youThat last fact, the low cost of repairing most motorcycle fix-its, may be the really important news for Harley-Davidson shareholders.
It may help to explain why -- Harley's weak performance on the surveynotwithstanding -- CR says Harley owners remain the most brand-loyal of all motorcycle owners, with an astounding 75% saying yes, they'd buy a Harley again. The occasional small repair bill may simply be a price they're willing to pay for owning the most famous name in motorcycles. (And it probably doesn't hurt thatHarley goes the extra mile to take care of its customers when an issue with one of its bikes does arise.)
In turn, the remarkable brand loyalty of Harley-Davidson customers may help to explain why, of the publicly traded motorcycle makers on the survey, Harley carries the highest price-to-earnings ratio, selling for nearly 20 times trailing earnings. Whether that P/E ratio can bear the scrutiny now that Consumer Reports has put a bull's-eye on Harley-Davidson, though, remains to be seen.
Learn the secrets to successful car (or bike) buying
You don't know it yet, but you probably spent thousands more than you should have on your last ride. The auto industry is a dangerous place for uneducated consumers -- for now. But our top auto experts are determined to even the playing field. That's why they created a a brand-new free report on The Car Buying Secrets You Must Know. The advice inside could save you thousands of dollars on your next vehicle, so be sure to read this report while it lasts. Your conscience, and your wallet, will thank you. Click here now for instant access.
The article Is Harley-Davidson the Worst Motorcycle Money Can Buy? originally appeared on Fool.com.
KSquared Comment:
Frankly, I can't think of a magazine less suited to rate motorcycles than Consumer Reports. Consumer Reports rates all products as they would appliances; how efficiently do they transport the owner from here to there - everything objective; everything by the numbers and by the book. But motorcycles are not appliances - motorcycles are subjective devices with character and soul. To rate them ". . . by the numbers . . ." underrates their visceral appeal. Does this author think that 75% of Harley owners (and I'd wager it's WELL higher than that - more like 85 - 90%) would buy another because their efficient people movers? Because they don't have mechanical problems? Because of their performance? Don't make me laugh! Nope - they'd be repeat customers because they like Harley-Davidsons - and for no other reason. Because Harleys, for whatever reason, SPEAK to their owners - and the owners like what they hear in that small, still voice in their heads.