2025 Harley-Davidson Fat Boy Gray Ghost – First Look

Dennis Chung
by Dennis Chung

Icon model celebrates 35th anniversary of the Fat Boy


Harley-Davidson announced the latest addition to its Icons collection with the new, chromed-out Fat Boy Gray Ghost. Celebrating the 35 years since the Fat Boy’s debut, the Gray Ghost will fittingly be limited to a production run of 1,990 units, with a suggested retail price of $25,399.


The Gray Ghost features what Harley-Davidson calls a Reflection finish. The mirror-like finish was created using a physical vapor deposition “PVD” process, which Harley-Davidson has used in the past on smaller parts such as tank medallions and exhaust shields. The fuel tank and fenders of the Gray Ghost are the largest items Harley-Davidson has ever painted using this process. The result is a chrome-like appearance that Harley-Davidson says is more comprehensive than traditional chrome plating, and more resistant to corrosion.



The PVD process starts by vaporizing a solid material (in this case, an aluminum alloy) in a low-pressure environment, and giving it a positive electrical charge. The Gray Ghost’s fuel tank and fenders are given a negative charge before being exposed to the vapor, which causes the alloy to bond and condense on the surface. A clear coat is then applied, completing the reflective finish.


Other styling cues include an individually numbered tank console, a three-dimensional tank medallion, and a leather seat with laced trim and tassels. Like the regular Fat Boy, the Gray Ghost comes with Lakester cast aluminum wheels.

The tank medallion is a three-dimensional version of the graphic on the original 1990 Fat Boy.

The Gray Ghost is powered by the Custom version of the Milwaukee-Eight 117, just like the regular Fat Boy. For the Icon model, the engine features yellow trim, matching the details added by Willie G. Davidson on the original Fat Boy. Unlike the regular 2025 Fat Boy, the Gray Ghost has a round air cleaner like the original 1990 model. As a result, the Icon model claims an output of 101 hp at 4,800 rpm and 122 lb-ft. at 3,000 rpm, compared to the regular Fat Boy’s claimed 104 hp and 126 lb-ft. figures.


The Reflection finish of the tank and fenders are matched with traditionally chromed side covers and a silver powder-coated frame.

The Gray Ghost is otherwise similar to the regular Fat Boy, including all the new features introduced for the 2025 model year. This includes selectable ride modes, lean-sensitive electronics, and updated suspension.

2025 Harley-Davidson Fat Boy Gray Ghost FLSTFI Specifications

MSRP

$25,399

Engine Type

Milwaukee-Eight 117 Custom, air/oil-cooled 45° V-Twin, pushrod-operated, overhead valves with hydraulic, self-adjusting lifters; four valves per cylinder

Capacity

1,923cc

Bore x Stroke

103.5 mm x 114.3 mm

Compression Ratio

10.3:1

Horsepower

101 hp at 4,800 rpm (claimed)

Torque

122 lb-ft. at 3,000 rpm (claimed)

Engine Control

Electronic Sequential Port Fuel Injection (ESPFI)

Clutch

Mechanical, 10 plate wet, assist & conventional

Transmission

6-Speed

Primary Drive

Chain, 34/46 ratio

Final Drive

Belt, 32/66 ratio

Lighting

All LED

Frame

Mild steel, tubular frame; rectangular section backbone; stamped, cast, and forged junctions; MIG welded; aluminum forged fender supports

Swingarm

Mild steel, tubular sections, stamped x-member, forged axle junctions; MIG welded; removable belt spacer

Front Suspension

Dual-bending valve 49 mm telescopic with aluminum fork triple clamps; dual rate spring; "beer can" covers.

Front Travel

5.1 inches

Rear Suspension

Hidden, free piston, coil-over monoshock; 43mm stroke; hydraulic preload adjustment.

Rear Travel

3.4 inches

Front Brake

4-piston fixed front caliper, 300mm disc

Rear Brake

2-piston floating rear caliper, 292mm disc

ABS

C-ABS

Front Wheel

4.5 x 18" machined, Lakester cast aluminum

Rear Wheel

8.0 x 18" machined, Lakester cast aluminum

Front Tire

Michelin Scorcher 11

Front Tire Size

160/60B18 70V BW

Rear Tire

Michelin Scorcher 11

Rear Tire Size

240/40R18 79V BW

Rake / Trail

32°/4.7 inches

Wheelbase

65.0 inches

Length

93.1 inches

Width

40 inches

Seat Height

26.6 inches

Curb Weight

694 pounds (claimed)

Fuel Capacity

5.0 gallons


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Dennis Chung
Dennis Chung

Dennis has been a part of the Motorcycle.com team since 2008, and through his tenure, has developed a firm grasp of industry trends, and a solid sense of what's to come. A bloodhound when it comes to tracking information on new motorcycles, if there's a new model on the horizon, you'll probably hear about it from him first.

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  • Duc139111807 Duc139111807 on Mar 01, 2026

    Still trying to wrap my head around that 700lb curb weight.

  • Elg138476764 Elg138476764 on Mar 01, 2026

    What...'Bold new paint and graphics on the same ancient bike AND for more money?? Where do I sign and who do I make the cheque out to??!!

    PT Barnum said it best, "There's a sucker born every minute", and with HD models that's a self evident truth, clearly.

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