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Global Slowdown Rides Into Harley-Davidson's Backyard

The sluggish consumer spending backdrop in the U.S. that hurt second-quarter sales at restaurant giants Starbucks (SBUX) and McDonald's (MCD) also found its way to the motorcycle business.

On Thursday, legendary bike maker Harley-Davidson (HOG) reported that U.S. sales fell 5.2% from the prior year. In the first quarter, U.S. sales fell slightly. On a positive note, Harley's market share in the U.S. rose 2 percentage points to 49.5%, as it likely started to gain traction with...