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Nash Expands Manufacturing Presence To Virginia, Eyes Eastern Market

September 25, 2001 by · Leave a Comment 

Oregon-based Northwood Manufacturing Inc., builder of Nash and Arctic Fox towables and Arctic Fox truck campers has opened a plant in Virginia to build RVs that will be sold in the eastern part of the United States. Northwood in late July opened a 117,000-square-foot plant in Winchester, Va., that was closed earlier this year by Fleetwood Enterprises Inc. The expansion is Northwood’s first outside of La Grande, Ore., where the company has been manufacturing RVs since 1993. The new plant represents... Read more

Convenience Should Be RV Industry’s New Focus

September 24, 2001 by · Leave a Comment 

Convenience should become the RV dealer body’s new focus as it seeks to convince more Baby Boomers to become RV owners, according to Tom Faludy, president of aftermarket products supplier firm Carefree of Colorado. Faludy expressed his opinion during a panel discussion Sunday (Sept. 23) on the industry’s future. “Research bears out that, as an industry, (new product) quality is getting better, not that we’ve achieved it,” Faludy said during the panel discussion at the Recreation Vehicle... Read more

Thor Discloses Cash Reserve, To Consider “Strategic Opportunities”

September 24, 2001 by · Leave a Comment 

Thor Industries Inc. had $107.2 million in cash and short-term investments as of July 31, which puts the company “in a strong position to take advantage of future strategic opportunities,” according to Wade F.B. Thompson, chairman. Thompson made his disclosure today (Sept. 24), when Thor revealed its fourth fiscal quarter and fiscal year 2001 earnings report. During Thor’s fourth fiscal quarter, which ended July 31, the company’s earnings declined 13% to $8.4 million. Meanwhile, Thor’s... Read more

Renegade Sees Opportunity in RV Sector

September 24, 2001 by · Leave a Comment 

Renegade Custom Coaches & Trailers, a Bristol, Ind.-based firm that moved into a larger factory last July, sees growth opportunities in the RV sector. The company sold 202 motorhomes and 175 race car transporters last year primarily to people involved in auto, motorcycle, ATV and boat racing, said Chuck McKibbin, president and owner of the firm. Consequently, McKibbin believes it could sell 2,000 units a year by targeting the mainstream motorhome market. Renegade does not belong to the Recreation... Read more

CanaDream Bookings Decline “Not Material”

September 21, 2001 by · Leave a Comment 

Canadian RV rental firm CanaDream Corp., which depends largely upon European tourists, reported a small percentage of cancellations following the terrorist attacks on Sept. 11. CanaDream, based in Calgary, Alberta, reports it had 847 reservations for the period from Sept. 11 through Nov. 30. As of the close of business on Sept. 13, CanaDream had received 31 cancellations, which is equivalent to 3.6% of its total reservations. “Management believes that at this time, these (cancellations) are... Read more

Travel Trailer/Fifth-Wheel Sales OK

September 21, 2001 by · Leave a Comment 

Retail sales of travel trailers, fifth-wheels and park models declined modestly during July, at least when compared with the motorhome sector of the RV industry, according to Statistical Surveys Inc., an independent market research firm. The number of travel trailers sold by dealers during July declined 5.2% to 11,533 units, compared with 12,172 units sold during July 2000. Meanwhile, fifth-wheel sales slipped in July 4.3% to 5,272 units, compared with 5,510 units retailed a year earlier. Additionally,... Read more

Bigger Dealers See Bigger Profits

September 20, 2001 by · Leave a Comment 

The average larger RV dealership saw a solid increase in profitability when the first seven months of this year are compared with the same portion of 2000, according to consultant firm the Spader Companies. The Spader firm defines larger dealerships as having more than $5 million in annual sales, and the average larger dealer reported a 6.8% increase in net earnings during the first seven months of this year. The average larger dealer earned $353,484 through the end of July. Profits increased despite... Read more

Small Dealer Profits Soar 43%

September 20, 2001 by · Leave a Comment 

The profitability of the average smaller RV dealership was up sharply when the first seven months of this year are compared with the same portion of 2000, according to consultant firm the Spader Companies. The Spader firm defines smaller dealerships as having less than $5 million in annual sales, and the average smaller dealer reported a 43.2% increase in net earnings during the first seven months of this year. The average smaller dealer earned $107,729 through the end of July. The average smaller... Read more

Cruise America Appeals to Business Travelers

September 19, 2001 by · Leave a Comment 

Nationwide RV rental company Cruise America believes business executives should consider travel by RV as an alternative to commercial airline flights during the current period of crisis. The Mesa, Ariz.-based company saw an increase in demand from business travelers after the terrorist attacks on Sept. 11, according to Bob Caldarone, director of sales and marketing. “During the first few days following the disaster, we had a lot of business travelers doing three-night rentals,” Caldarone... Read more

Rec. USA 3Q Loss Narrows

September 19, 2001 by · Leave a Comment 

Dealership chain Holiday RV Superstores Inc., which does business as Recreation USA, reports its loss narrowed during the third quarter of its fiscal year, which ended July 31. The 16-location RV and boat dealership group lost $427,360 during the May-through-July period of this year, compared with a loss of $469,034 a year earlier. The company’s sales revenue declined 6% to $36.4 million during the three months ended July 31. Recreation USA’s losses during the nine months ended July 31 totaled... Read more

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