Harley Davidson (HOG) Reports Disappointing Third Quarter Results

HOG got whacked for 7% today due to disappointing third quarter results. From the earnings call:

[D]uring the quarter, our worldwide dealers' retail sales of new Harley-Davidson motorcycles were down 7.7% compared to last year. In the U.S., retail sales were down 9.4% and continued to be affected by choppy economic conditions.

And as I have said before, I can't tell you definitely when retail growth will return, but I can assure that we are managing the business prudently with the focus on our future.

Does that mean that the recovery is off the table? Also interesting:

For the first nine months of 2010, 80% to 85% of our new loan originations were prime, compared to our historical experience of approximately 75% prior to these underwriting changes.

Meaning, 15% to 20% are subprime? We're still making subprime motorcycle loans?