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Model Year 2002 Starts Early at Some Firms

April 26, 2001 by · Leave a Comment 

The slowing economy has led a handful of RV manufacturers to try to boost sales by getting model year 2002 off to an early start. Monaco Coach Corp. and Newell Coach Corp. introduced model year 2002 units at the Family Motor Coach Association (FMCA) Winter Convention in Oklahoma City earlier this month. Meanwhile, National RV Holdings Inc. will introduce the 2002 Sea View gas Class A motorhome in May. Newmar Corp. also began model 2002 before the traditional July 1 start date, but President Virgil... Read more

Spartan Motors Reports Lower Sales and Earnings

April 26, 2001 by · Leave a Comment 

Diesel pusher motorhome chassis supplier Spartan Motors Inc. reported its first quarter sales declined 24% and its earnings were down 25%. The company earned $1.5 million on sales of $58.7 million during the three months ended March 31. Spartan’s first quarter earnings is equivalent to 14 cents a share, which beat the forecast by the Red Chip Review of investment analysts, which expected Spartan to earn 9 cents a share. The company reported lower total sales because of weak demand for its motorhome... Read more

Wall Street Losing Streak Snapped, Most RV Shares Gain

April 25, 2001 by · Leave a Comment 

Wall Street snapped its three-session losing streak with gains on Wednesday that came after some companies reported unexpectedly strong earnings. The Nasdaq composite offset Tuesday’s 43-point loss with a 43-point, or 2.1%, gain on Wednesday, while the Dow Jones Industrials Average climbed 171 points, or 1.6%, on Wednesday. RV company stocks benefiting the most on Wednesday were Fleetwood, which gained 90 cents, or 8%, to close at $11.95, and Featherlite, which climbed 22 cents, or 13%, to close... Read more

Cummins’ Credit Maxed-out, Seeks Indiana Loan

April 25, 2001 by · Leave a Comment 

Diesel engine and electric power generator supplier Cummins Inc. has maxed-out its credit lines, which explains why the company is seeking financial assistance from the Indiana and New York state governments, according to the Indianapolis Star newspaper. Cummins is asking the Indiana Legislature to provide collateral for a $35 million loan that Cummins needs to continue an R&D effort to develop a medium-bore engine that will satisfy federal emission standards scheduled to take effect in 2002,... Read more

Jacques Leaves SMC, Joins National RV

April 25, 2001 by · Leave a Comment 

Mike Jacques has left his position as president of high-line Class A motorhome builder SMC Corp. to join motorhome and towable RV builder National RV Holdings Inc. Jacques now is the vice president of sales and marketing at the Perris, Calif.-based National RV subsidiary of National RV Holdings. His appointment was part of another restructuring of the company’s management team that included the elimination of the recently created Office of Chief Executive. The restructuring includes giving National... Read more

Jacques Leaves SMC, Joins National RV

April 25, 2001 by · Leave a Comment 

Mike Jacques has left his position as president of high-line Class A motorhome builder SMC Corp. to join motorhome and towable RV builder National RV Holdings Inc. Jacques now is the vice president of sales and marketing at the Perris, Calif.-based National RV subsidiary of National RV Holdings. His appointment was part of another restructuring of the company’s management team that included the elimination of the recently created Office of Chief Executive. The restructuring includes giving National... Read more

Good Sam Enters Agreement With Ticketmaster Unit

April 25, 2001 by · Leave a Comment 

The Good Sam Club membership organization that provides discounts to RV owners has entered into a campground and RV park reservations program with the ReserveAmerica unit of Ticketmaster. The arrangement will allow RV enthusiasts to book spaces at Good Sam-affiliated campgrounds and RV parks either online through www.reserveamerica.com or toll-free call centers. Soon, the www.goodsamclub.com Web site will be linked to ReserveAmerica so reservations could be made through goodsamclub.com. “This... Read more

Good Sam Enters Agreement With Ticketmaster Unit

April 25, 2001 by · Leave a Comment 

The Good Sam Club membership organization that provides discounts to RV owners has entered into a campground and RV park reservations program with the ReserveAmerica unit of Ticketmaster. The arrangement will allow RV enthusiasts to book spaces at Good Sam-affiliated campgrounds and RV parks either online through www.reserveamerica.com or toll-free call centers. Soon, the www.goodsamclub.com Web site will be linked to ReserveAmerica so reservations could be made through goodsamclub.com. “This... Read more

Monaco Earnings Down, Diesel Class A Market Share Up

April 24, 2001 by · Leave a Comment 

Monaco Coach Corp. reported lower first quarter earnings although it also reported its diesel engine Class A motorhome market increased during the first two months of this year. The company’s first quarter earnings declined 60% to $5.2 million and its sales during the first three months of this year were down 11% to $211.2 million. However, Monaco became the No. 2 producer of Class A motorhomes, in terms of retail market share, during the first two months of this year, according to John Nepute,... Read more

Monaco Earnings Down, Diesel Class A Market Share Up

April 24, 2001 by · Leave a Comment 

Monaco Coach Corp. reported lower first quarter earnings although it also reported its diesel engine Class A motorhome market increased during the first two months of this year. The company’s first quarter earnings declined 60% to $5.2 million and its sales during the first three months of this year were down 11% to $211.2 million. However, Monaco became the No. 2 producer of Class A motorhomes, in terms of retail market share, during the first two months of this year, according to John Nepute,... Read more

Stock Market Euphoria Ends, RV Shares Mixed

April 24, 2001 by · Leave a Comment 

Investor euphoria over the Federal Reserve’s decision last week to lower interest rates appears over. This was indicated by the sharp declines Tuesday by the Dow Jones Industrial Average and the Nasdaq composite. The Nasdaq fell 43 points, or 2.1%, and the Dow declined 78 points, or 0.7%, on Tuesday. Meanwhile, RV company stocks were mixed and here is a roundup of Tuesday’s activity: Fleetwood gained 42 cents to close at $11.05 Winnebago gained 1 cent to close at $17.36 Thor declined 20 cents... Read more

Stock Market Euphoria Ends, RV Shares Mixed

April 24, 2001 by · Leave a Comment 

Investor euphoria over the Federal Reserve’s decision last week to lower interest rates appears over. This was indicated by the sharp declines Tuesday by the Dow Jones Industrial Average and the Nasdaq composite. The Nasdaq fell 43 points, or 2.1%, and the Dow declined 78 points, or 0.7%, on Tuesday. Meanwhile, RV company stocks were mixed and here is a roundup of Tuesday’s activity: Fleetwood gained 42 cents to close at $11.05 Winnebago gained 1 cent to close at $17.36 Thor declined 20 cents... Read more

Workhorse Joins Gulf Stream Coach Promotion

April 24, 2001 by · Leave a Comment 

Gas engine Class A motorhome supplier Workhorse Custom Chassis LLC has joined Gulf Stream Coach Inc. in the Great RV Giveway promotion, which is intended to draw more people into the RV lifestyle through the Internet. The winner of the contest will get a 24-foot Gulf Stream Ultra GT on a Workhorse chassis with a General Motors Vortec 8100 engine. The retail value of the Ultra GT is $46,000. The contest runs through Nov. 9 and the winner will be drawn on Nov. 10. The motorhome will be awarded to the... Read more

Workhorse Joins Gulf Stream Coach Promotion

April 24, 2001 by · Leave a Comment 

Gas engine Class A motorhome supplier Workhorse Custom Chassis LLC has joined Gulf Stream Coach Inc. in the Great RV Giveway promotion, which is intended to draw more people into the RV lifestyle through the Internet. The winner of the contest will get a 24-foot Gulf Stream Ultra GT on a Workhorse chassis with a General Motors Vortec 8100 engine. The retail value of the Ultra GT is $46,000. The contest runs through Nov. 9 and the winner will be drawn on Nov. 10. The motorhome will be awarded to the... Read more

Rec. USA to Open Second West Virginia Store

April 24, 2001 by · Leave a Comment 

Holiday RV Superstores Inc., the Fort Lauderdale, Fla.-based retail dealership chain doing business as Recreation USA, will open a new store in West Virginia late in May in partnership with Great Outdoors LLC, a group of West Virginia entrepreneurs. The new store, Recreation USA’s 16th, will be in Ripley, W. Va., an hour and a half drive north of Recreation USA’s location in Prosperity, W.Va. Because some customers at the Prosperity location come from the Ripley area, Recreation USA President... Read more

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