Harley-Davidson's Repo Worker Shortage Contributes to $52.6 Million Credit Loss in 2023.
Originally Published 2 years ago — by Jalopnik
Harley-Davidson suffered a credit loss of $52.6 million in Q1 2023 due to loan delinquencies, with many customers not paying for their financed bikes. The company blames a shortage of repo men for the problem, as many left the industry during the pandemic and have yet to return. Harley-Davidson plans to take a more active role in addressing delinquent accounts and enhancing its repo strategy until more workers are hired.