Onan Intros Fuel-Injected RV Generator

July 31, 2000 by · Leave a Comment 

Onan, the electric power generation subsidiary of Cummins Engine Co., introduced for the 2001 RV model year what it believes to be the first electronic fuel-injected (EFI) generator for the RV market. Called the Marquis Platinum, it comes in three variations. The gasoline unit can produce 5,500 or 7,000 watts and the liquid propane (LP) and LP vapor models can produce up to 5,500 or 6,500 watts respectively. Equipped with four-cycle, 633cc V-Twin OHV engines producing 10.7 to 12.3 bhp, all Marquis... Read more

Monza Replaces Weiss at Fleetwood

July 31, 2000 by · Leave a Comment 

Vince Monza, the general manager of Fleetwood’s motorhome manufacturing complex in Decatur, Ind., has been named to replace John Weiss as vice president of the Motorhome Group, Fleetwood Senior Vice President Paul Bingham confirmed. Monza is a veteran Fleetwood employee. Before becoming the head of the company’s largest motorhome assembly operation, Monza was a director of sales for Fleetwood’s Travel Trailer Division and he was general manager of Fleetwood’s towable RV assembly plant in... Read more

Most RV Stocks Close Higher

July 31, 2000 by · Leave a Comment 

Most RV company stocks and the broader market closed higher Monday as bargain-hunting investors bought technology stocks and other shares. The tech-heavy Nasdaq gained 104 points, or 2.8%, while the “old economy” laden Dow gained a more modest 11 points, or 0.1%, on Monday. Among the largest RV manufacturers, Fleetwood was the only company closing lower. Shares of Fleetwood, which confirmed last week that it fired several top motorhome division executives for poor performance, declined... Read more

RVs Promoted as Mobile Billboards

July 31, 2000 by · Leave a Comment 

Three RV enthusiasts from California have launched Travel’n Ads on RVs, a company that will pay RV enthusiasts to use their rigs as billboards. The three founders of the Stockton, Calif.-based Travel’n Ads are Margie Booyer, Rusty Haley and Diana “Dee Dee” Cherep, according to The Record newspaper of Stockton. RV owners can get $300 per ad per month, or up to $900 per month for up to three 16- by 42-inch “peel and stock” ads on their rig. Travel’n Ads requires RV owners... Read more

Coachmen Closes Lower, Dow and Nasdaq Also Fall

July 28, 2000 by · Leave a Comment 

After reporting its second quarter earnings were down 59%, Coachmen saw its stock fall 7/16, or 4.2%, to close at 10 1/16 on Friday. Meanwhile, SMC, which reported a $3.15 million loss for the second quarter, was unchanged at 3 3/8. Coachmen was not alone in seeing its stock price fall. The Nasdaq and the Dow also declined Friday, with the Nasdaq being particularly hard-hit as investors continue to grow worried about the outlook for technology stocks. The tech-heavy Nasdaq lost 179 points, or 4.7%,... Read more

More Fleetwood Execs Ousted

July 28, 2000 by · Leave a Comment 

More executives from Fleetwood’s struggling motorhome division have been ousted, Fleetwood Senior Vice President Paul Bingham confirmed. Those asked to resign are John Weiss, vice president-Motorhome Group, and Doug Kollmyer, director of sales and product planning for the Motorhome Group. Dave Wilbert, director of marketing for the Fleetwood RV Group, also has left the company. Their departures occurred shortly after Dick Parks, senior vice president-RV Group, was asked to resign. “The (financial)... Read more

Coachmen Reports 2Q Earnings Down 59%

July 28, 2000 by · Leave a Comment 

Coachmen Industries Inc. reported its profits declined 59% and its sales were down 8% during the second quarter, although the company also reported strong order volume during its dealer meeting last week. “Strong orders received at recent (July 16-18) dealer meetings reflect dealers’ confidence in returning market strength as well as great acceptance of the new 2001 models, many of which take the company into expanded markets,” according to the Coachmen statement issued today. During... Read more

SMC Losses Widen

July 28, 2000 by · Leave a Comment 

High line Class A motorhome manufacturer SMC Corp. reported larger losses for the three and six months ended June 30. The Bend, Ore.-based company lost $3.15 million during the April-through-June period, compared with a $149,000 loss during the same period a year-ago. During the first half of this year, SMC’s losses totaled $3.41 million, compared with $41,000 a year earlier. Meanwhile, SMC’s sales declined 16% during the second quarter to $45.4 million and its sales were down 11% during the... Read more

Spartan Reports Marginally Higher Earnings

July 27, 2000 by · Leave a Comment 

Despite lower motorhome chassis sales during the second quarter, Spartan Motors Inc. reported its earnings increased 1% to $1.01 million. Meanwhile, the chassis supplier’s sales revenue declined 3% during the three months ended June 30 to $73.2 million. “While our sales are not where we would like them to be, Spartan Motors was able to post slightly better earnings due to our focus on manufacturing efficiency and continuous improvement,” said John Sztykiel, president and COO. “Softness... Read more

Smalleys to Buy Cruise America from Budget

July 27, 2000 by · Leave a Comment 

Car and truck rental firm Budget Group Inc. has reached an agreement to sell its Cruise America RV rental subsidiary to Randall and Robert Smalley Jr. for $131 million, Budget announced today. Budget Group acquired Cruise America from the Smalleys during January 1998. Thor Industries Inc. also announced today that it would provide financial assistance to the Smalleys to buy Cruise America. Details about Thor’s financial assistance package were not revealed. The acquisition of Cruise America by... Read more

Monaco Investor Buys Nearly 700,000 Shares

July 27, 2000 by · Leave a Comment 

The operator of a New York-based investment firm greatly increased his company’s stake in Monaco Coach Corp. during June, according to the news service. Wesley Richard Guylay, whose firm bears his name, bought 697,600 shares of Monaco stock for $11.44 to $13 a share between June 9 and June 29, according to As of April, Guylay’s firm, which represents the billionaire Bass family of Fort Worth, Tex., owned 1.11 million, or 5.9%, of Monaco’s common stock. Separately,... Read more

Nasdaq Punished, Most RV Stocks Close Lower

July 27, 2000 by · Leave a Comment 

The Nasdaq composite index was punished by investors Thursday, closing down 145 points, or 3.7%. The tech-heavy index had a tough day because cell phone manufacturer Nokia and online retail warned Wall Street of difficult times ahead. Meanwhile, the Dow Jones industrial average, the bastion of “old economy” stocks, gained 70 points, or 0.7%, on Thursday. Among the major RV manufacturers, only Monaco and National RV closed higher. Monaco gained 7/16 to close at 14 3/16, and... Read more

Monaco Posts $226 Million in 2nd Quarter Revenues

July 26, 2000 by · Leave a Comment 

Monaco Coach Corp. today reported revenue of $226 million for the second quarter ended July 1, a 14% increase over $199 million in revenue for the same period last year. Net income for the second quarter was $11.1 million, versus $11.4 million for the same period last year. Second quarter operating income was $18.2 million. “We’re proud of our results, given the challenges our industry faced throughout the second quarter,” stated Kay L. Toolson, Monaco Chairman and CEO. “In... Read more

Featherlite Announces Earnings, Service Center

July 26, 2000 by · Leave a Comment 

Featherlite Inc. yesterday today reported net sales for the second quarter ended June of $66.5 million, up 18.8% from net sales of $56.0 million last year. Net income for the quarter was $1,136,000 vs. net income of $1,011,000 last year. Income from operations in the second quarter was $2,833,000 or 4.3% of net sales, up 19.5% from $2,371,000, or 4.2% of net sales in 1999. Gross margin was 14.6% in the quarter compared to 14.1% last year, reflecting an increase in gross margin in Featherlite’s... Read more

RV Stocks and the Broader Market Fall Friday

July 21, 2000 by · Leave a Comment 

Most RV company stocks and the broader market closed lower Friday primarily because two technology companies, Ericsson and Agilent, reported lower-than-expected earnings, according to market analysts. The Nasdaq composite slipped 90 points, or 2.2%, while the Dow Jones Industrial average fell 110 points, or 1%, on Friday. Here is a round up of RV company stock activity Friday: Fleetwood declined 3/16 to close at 13 5/8 Winnebago declined 3/16 to close at 13 Thor was unchanged at 22 9/16 Coachmen... Read more

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