110-odd years of marketing and sales
Generational ownership
Iconic status and identification as part of the wider national identity
H-D is a behemoth in it's prime market and it's position is extremely unlikely to change for years, if not decades
It has never been about being a "threat" to Harley, it's about recognising that the market had room to expand - ESPECIALLY with another, stable, and well funded, American brand.
Victory has unashamedly traded on the H-D Americana appeal to put another viable V-twin cruiser on the market and been patient enough to build their own identity with it.
The early Hammer-engined 92 VC's were a real H-D clone and they only appealed to the very conservative ( but still quite big) market that thinks motorcycle styling stopped circa 1965. They sold in small numbers, albeit to a passionate following, and combined with early transmission problems they looked destined to be yet another blip on the American cruiser scene quickly snuffed by the weight of the H-D legacy and distributorship
Fortunately Victory decided to push on with a distinctively different type of bike and with designer Michael Song and the Vegas in 2003 they found something to really build on. Micheal's designs combined with the Freedom 100 cu motor gave Victory a playing field all of their own. Like H-D but different enough that they can justifiably shrug off the "clone" comments that plague the Japanese cruisers they have now enjoyed over 9 years of successive double digit percentage growth in turbulent economic times.
They still probably only sell 10% of Harleys numbers but that's not small and their share is growing
There was another company 30 years ago that had a virtually identical sales story against H-D (in numbers terms)
Some whacky little outfit called Honda I believe
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