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Harley-Davidson

Harley’s CEO wants more youngsters riding motorbikes

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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June 19, 2015, 12:12 PM ET
ITALY-MOTORCYCLE-HARLEY
St. Peter's dome is reflected on a Harley-Davidson motorbike during 110th Anniversary event in Rome on June 14, 2013. Around 100,000 Harley-Davidson owners arrived on Rome to celebrate the motorcycle's 110th anniversary. The highlight of the four-day meeting will be the blessing by Pope Francis in St Peter's Square on 16 June. AFP PHOTO / FILIPPO MONTEFORTE (Photo credit should read FILIPPO MONTEFORTE/AFP/Getty Images)Photo by FILIPPO MONTEFORTE AFP/Getty Images
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Harley-Davidson’s (HOG) new CEO Matt Levatich wants youngsters to drop their video games and pick up motorcycling as a hobby, The Wall Street Journal reported Friday.

To do so, he’s banking on lower-priced bikes designed for urban riding, and eventually he wants to produce a battery-powered alternative to the classic Hog, the paper said.

But while Levatich hopes he can get the connected generation off their tech devices and out on the road, he realizes how important these trends are for the future. “I’m in the camp of: It isn’t bad, it’s just different,” he told the publication, referring to the power of the virtual world.

Levatich adds there will be “a little bit of counterculture down the road…. People are going to want to actually live for real, and I think we have a product that has a great fit with that outlet.”

According to the newspaper:

Motorcycle revenue outside the U.S. has been stuck at about 32% of the company’s total for the past six years but is up from 18% in 2004. Harley aims to grow foreign sales faster than U.S. ones as it adds dealers in China, India and Latin America.

Harley’s “Street” model goes for as little as $6,800 in comparison to the $30,000 products the company sells, according to the publication. “For me, the most important segment is young adults—the incoming,” he added. “Are teenagers choosing to join the sport?”

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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