Fri, Mar 21, 4:45 PM (37 days ago)
**Harley-Davidson Motorcycle Trust 2022-A (Ticker: Not Applicable)** **Financial Summary for the Fiscal Year Ended December 31, 2024:** Harley-Davidson Motorcycle Trust 2022-A, a special-purpose finance subsidiary, reported its financial performance for the fiscal year 2024. The trust's financial condition and operational highlights include: **Financial Performance:** - **Revenue and Net Income:** Specific revenue and net income figures are not provided in the summary. - **Operating Expenses:** Not explicitly detailed in the summary. - **Earnings Per Share (EPS):** Not applicable as the trust does not have common equity outstanding. **Strategic Overview:** - The trust's operations are focused on purchasing and managing retail and wholesale financial services contracts, primarily for Harley-Davidson motorcycles in the U.S. and Canada. - The trust's assets include retail motorcycle loans serviced by Harley-Davidson Credit Corp. (HDCC). **Future Outlook:** - The trust faces challenges due to macroeconomic factors such as inflation and higher motorcycle payments, which have increased delinquency rates and credit losses. - HDCC continues to adjust underwriting criteria and loan approval processes to manage risk and adapt to changing market conditions. **Risk Factors:** - **Credit Risk:** Increased delinquency rates (5.34% at year-end 2024) and credit losses (3.31% in 2024) due to economic pressures. - **Market Risk:** Fluctuations in motorcycle values and recovery rates at auction. - **Operational Risk:** Compliance with servicing criteria and regulatory requirements. **Financial Condition:** - The trust has maintained compliance with servicing criteria, as evidenced by reports and attestations from independent accounting firms. - No material instances of noncompliance were identified in the servicing criteria assessments. **Market Position Changes:** - The trust's market position is influenced by its role in financing Harley-Davidson motorcycles, with a focus on retail and wholesale financial services. - The trust's performance is tied to the broader economic environment and consumer credit behavior. **Conclusion:** Harley-Davidson Motorcycle Trust 2022-A faces operational and financial challenges due to economic pressures but maintains compliance with regulatory and servicing criteria. The trust's future outlook depends on its ability to adapt to market conditions and manage credit risks effectively.