Top

Indiana Maintains RV Output Leadership

April 30, 2001 by · Leave a Comment 

Indiana has been the leading producer of RVs for as long as anyone can remember and the Hoosier State maintained its leadership position during 2000, according to the Recreation Vehicle Industry Association’s (RVIA) Annual Report. Indiana accounted for 53.1% of all RVs built last year, the RVIA reports. A distant second was California with 10.8%, followed by Pennsylvania with 9.3%, Oregon at 6.2% and Michigan at 3.8%. However, California, the nation’s most populous state by a wide margin, was... Read more

Gulf Stream Schedules Mid-May Dealer Meeting

April 30, 2001 by · Leave a Comment 

Gulf Stream Coach Inc. is among the RV manufacturers getting model year 2002 off to an early start and the company has scheduled an open house for mid-May to give dealers an opportunity to see its 2002 offerings. The Gulf Stream dealer open house will take place May 16-24 at the company’s manufacturing complex in Nappanee, Ind. Dealers wanting to schedule a visit should call 1-800-289-8787, extension 3664. Gulf Stream is not putting dealers in an awkward position by launching the new model year... Read more

Gulf Stream Schedules Mid-May Dealer Meeting

April 30, 2001 by · Leave a Comment 

Gulf Stream Coach Inc. is among the RV manufacturers getting model year 2002 off to an early start and the company has scheduled an open house for mid-May to give dealers an opportunity to see its 2002 offerings. The Gulf Stream dealer open house will take place May 16-24 at the company’s manufacturing complex in Nappanee, Ind. Dealers wanting to schedule a visit should call 1-800-289-8787, extension 3664. Gulf Stream is not putting dealers in an awkward position by launching the new model year... Read more

RVDA Says Good-by to Orlando

April 30, 2001 by · Leave a Comment 

The Recreation Vehicle Dealers Association (RVDA) does not plan to schedule its annual Convention/Expo in Orlando, Fla., any time soon. This year’s Con/Expo will be in Las Vegas Sept. 23-25 at the Rio All-Suites Hotel-Casino and in 2002, Con/Expo will take place in Nashville, Tenn. And the RVDA Board recently voted “to make Las Vegas the home of Con/Expo in 2003 and beyond,” said Phil Ingrassia, communications director for the Fairfax, Va.-based association. Last year’s RVDA Con/Expo... Read more

RVDA Says Good-by to Orlando

April 30, 2001 by · Leave a Comment 

The Recreation Vehicle Dealers Association (RVDA) does not plan to schedule its annual Convention/Expo in Orlando, Fla., any time soon. This year’s Con/Expo will be in Las Vegas Sept. 23-25 at the Rio All-Suites Hotel-Casino and in 2002, Con/Expo will take place in Nashville, Tenn. And the RVDA Board recently voted “to make Las Vegas the home of Con/Expo in 2003 and beyond,” said Phil Ingrassia, communications director for the Fairfax, Va.-based association. Last year’s RVDA Con/Expo... Read more

Nasdaq Soars, Most RV Shares Gain

April 30, 2001 by · Leave a Comment 

The Nasdaq composite climbed 41 points, or 2%, on Monday as investors bet that the economy is starting to show strength, which would signal an upturn in information technology company profits. Meanwhile, the Dow Jones Industrial Average, which had a strong week last week, lost 75 points, or 0.7%, on Monday. Among RV company stocks, Thor turned in the biggest gain Monday. Its stock climbed $1.20, or 5%, to close at $23.30. Here is a roundup of the other RV company stock activity Monday: Fleetwood... Read more

Nasdaq Soars, Most RV Shares Gain

April 30, 2001 by · Leave a Comment 

The Nasdaq composite climbed 41 points, or 2%, on Monday as investors bet that the economy is starting to show strength, which would signal an upturn in information technology company profits. Meanwhile, the Dow Jones Industrial Average, which had a strong week last week, lost 75 points, or 0.7%, on Monday. Among RV company stocks, Thor turned in the biggest gain Monday. Its stock climbed $1.20, or 5%, to close at $23.30. Here is a roundup of the other RV company stock activity Monday: Fleetwood... Read more

Stock Market Climbs As Do Most RV Shares

April 27, 2001 by · Leave a Comment 

A government report showing the U.S. economy grew at an unexpectedly healthy rate during the first quarter sparked a rally on Wall Street Friday. The Dow Jones Industrial Average climbed 118 points, or 1.1%, while the Nasdaq composite gained 41 points, or 2%. Most RV company stock prices also climbed on Friday and here is a roundup: Fleetwood gained 24 cents to close at $12.34 Winnebago was unchanged at $18.00 Thor declined 5 cents to close at $22.10 Coachmen gained 34 cents to close at $9.70 Monaco... Read more

Destinations RV’s Bankruptcy Ripples Through Eugene

April 27, 2001 by · Leave a Comment 

The abrupt closure and eventual bankruptcy filing by the Destinations RV dealership is having an unpleasant ripple effect through the Eugene, Ore., metro area business community, according to the Register-Guard newspaper. Destinations RV was founded in 1997 by brothers Jim and John Howard who used $10,000 in cash and millions of dollars in borrowings to build a four-location dealership company extending from California to Washington and having $69 million in sales in 1998, according to the newspaper,... Read more

Freightliner Incurs Big First Quarter Loss

April 27, 2001 by · Leave a Comment 

DaimlerChrysler subsidiary Freightliner, a supplier of diesel engine motorhome chassis, incurred a big financial loss during the first quarter. The German-American auto and truck builder did not reveal the amount of Freightliner’s loss during the first three months of this year, according to the Wall Street Journal (WSJ) newspaper. However, DaimlerChrysler reported that Freightliner’s loss outweighed the profits earned by the parent company’s commercial vehicle operations outside the U.S. The... Read more

Patrick Losses Narrow

April 27, 2001 by · Leave a Comment 

RV industry supplier\OEM distributor Patrick Industries Inc. reported its first quarter losses narrowed to $1.7 million, compared with $4.6 million loss during the first three months of 2000. The company’s first quarter sales declined 32% to $68.3 million primarily because manufactured home production volume was down about 40% and total RV output was down around 25% during the first three months of this year, said David Lung, president and CEO.  Read More →

Drew Reports Lower Sales and Earnings

April 26, 2001 by · Leave a Comment 

Drew Industries Inc., parent of RV industry supplier firms Lippert and Kinro, reported its first quarter total sales declined 21% despite a 5% increase in RV industry revenue. The company’s first quarter sales totaled $58.9 million and its net earnings during the three months ended March 31 declined 69% to $867,000. Drew’s total first quarter sales declined because of sharply lower manufactured housing industry production volumes. Manufactured homes is the other industry Drew supplies. The company’s... Read more

Drew Reports Lower Sales and Earnings

April 26, 2001 by · Leave a Comment 

Drew Industries Inc., parent of RV industry supplier firms Lippert and Kinro, reported its first quarter total sales declined 21% despite a 5% increase in RV industry revenue. The company’s first quarter sales totaled $58.9 million and its net earnings during the three months ended March 31 declined 69% to $867,000. Drew’s total first quarter sales declined because of sharply lower manufactured housing industry production volumes. Manufactured homes is the other industry Drew supplies. The company’s... Read more

Broader Market Mixed, Most RV Shares Gain

April 26, 2001 by · Leave a Comment 

The Dow Jones Industrial Average gained while the Nasdaq composite declined on Thursday as investors started worrying again about future tech sector profits. However, most RV company stock prices climbed. The Dow gained 67 points, or 0.6%, while the Nasdaq dipped 25 points, or 1.2%, on Thursday. Among RV company stocks, Spartan Motors, a supplier of diesel engine chassis to Class A motorhome builders, saw its stock price climb 54 cents, or 20%, to close at $3.29, after reporting better than expected... Read more

Broader Market Mixed, Most RV Shares Gain

April 26, 2001 by · Leave a Comment 

The Dow Jones Industrial Average gained while the Nasdaq composite declined on Thursday as investors started worrying again about future tech sector profits. However, most RV company stock prices climbed. The Dow gained 67 points, or 0.6%, while the Nasdaq dipped 25 points, or 1.2%, on Thursday. Among RV company stocks, Spartan Motors, a supplier of diesel engine chassis to Class A motorhome builders, saw its stock price climb 54 cents, or 20%, to close at $3.29, after reporting better than expected... Read more

Next Page »

Bottom