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Atwood Parent Reports Higher Earnings

April 30, 2002 by · Leave a Comment 

Dura Automotive Systems Inc., parent of RV industry supplier Atwood Mobile Products, reports its first quarter earnings increased 22% to $11.2 million. The Nasdaq Stock Market-listed company’s earnings increased despite the fact its sales revenue declined 7% during the three months ended March 31 to $616.2 million. Dura’s sales revenue declined because it sold its Plastic Products Business, which included Mishawaka, Ind.-based Nyloncraft. Weakness in the European auto industry and unfavorable... Read more

Rec. USA Stock Resumes Trading

April 30, 2002 by · Leave a Comment 

Holiday RV Superstores Inc. stock resumed trading Monday (April 29) after its request to be transferred to the Nasdaq Small Cap Market was approved. No shares of Holiday RV Superstores common stock changed hands for almost a month after it was delisted from the Nasdaq National Market for failing to report its first fiscal quarter earnings on time. Since then, Holiday RV Superstores, a dealership chain which does business as Recreation USA, reported it lost $3.78 million during the first quarter of... Read more

Rec. USA Stock Resumes Trading

April 30, 2002 by · Leave a Comment 

Holiday RV Superstores Inc. stock resumed trading Monday (April 29) after its request to be transferred to the Nasdaq Small Cap Market was approved. No shares of Holiday RV Superstores common stock changed hands for almost a month after it was delisted from the Nasdaq National Market for failing to report its first fiscal quarter earnings on time. Since then, Holiday RV Superstores, a dealership chain which does business as Recreation USA, reported it lost $3.78 million during the first quarter of... Read more

Jacksonville’s Dick Gore, Man of Integrity

April 29, 2002 by · Leave a Comment 

Richard “Dick” Gore, 70, owner/operator of Dick Gore’s RV World, a three-location dealership with stores in Jacksonville and Coca, Fla., and Richmond Hill, Ga., passed way Thursday (April 25) at a Jacksonville hospital. Dick Gore’s RV World, a full-service dealership, was the winner of the 1999 Circle of Excellence Customer Satisfaction Award from the Fleetwood RV Group. Mr. Gore was involved in the RV industry for about 30 years and he founded his dealership about 20 years ago, said... Read more

Good Sam Seeks Texas Tax Elimination

April 29, 2002 by · Leave a Comment 

The Good Sam Club, one the nation’s largest campground memberships organizations, is asking its Texas members to fight for the elimination of that state’s new trailer tax. The effort, launched by Sue Bray, executive director of the Ventura, Calif.-based Good Sam Club, parallels similar calls to action by the Escapees, the Livingston, Texas-based association of full-time Rvers, and two Austin-based industry groups — the Texas Association of Campground Owners and the Texas Recreational Vehicle... Read more

Good Sam Seeks Texas Tax Elimination

April 29, 2002 by · Leave a Comment 

The Good Sam Club, one the nation’s largest campground memberships organizations, is asking its Texas members to fight for the elimination of that state’s new trailer tax. The effort, launched by Sue Bray, executive director of the Ventura, Calif.-based Good Sam Club, parallels similar calls to action by the Escapees, the Livingston, Texas-based association of full-time Rvers, and two Austin-based industry groups — the Texas Association of Campground Owners and the Texas Recreational Vehicle... Read more

Monaco to Boost Production, Hire Workers

April 29, 2002 by · Leave a Comment 

Monaco Coach Corp. plans to boost motorhome and towable RV production and it will hire about 100 more workers to enable itself to do so, according to Bloomberg.com. Monaco President John Nepute told investment analysts that the company, which recently reported an 86% increase in first quarter earnings, will expand motorhome output to 170 units per week, from 150 a week, and it will build 65 towable units per week, up from 55 a week. The increase in towables production will occur at Monaco’s factory... Read more

Strong Sales Creates Delivery Bottleneck

April 29, 2002 by · Leave a Comment 

The sharp increase in orders from RV dealers that began in December has created three- to four-week delays in factory-to-dealer deliveries, according to industry sources. “We’ve had a backlog since the first of February, and its ranging between three and four weeks,” said Marion Schrock, vice president of Horizon Transport Inc., Wakarusa, Ind., which employs more than 500 drivers. “There isn’t really any solution to it. It’s about supply and demand, and right now demand is extremely high.... Read more

Strong Sales Creates Delivery Bottleneck

April 29, 2002 by · Leave a Comment 

The sharp increase in orders from RV dealers that began in December has created three- to four-week delays in factory-to-dealer deliveries, according to industry sources. “We’ve had a backlog since the first of February, and its ranging between three and four weeks,” said Marion Schrock, vice president of Horizon Transport Inc., Wakarusa, Ind., which employs more than 500 drivers. “There isn’t really any solution to it. It’s about supply and demand, and right now demand is extremely high.... Read more

Five Star Advantage Extended to Starcraft RV Dealers

April 26, 2002 by · Leave a Comment 

The Five Star Advantage special retail financing package now is available to dealers selling Starcraft RV Inc. products, according to Firstar Bank and U.S. Bank, the lenders offering the Five Star Advantage program. Late last year, Firstar and U.S. Bank, both units of Minneapolis-based U.S. Bancorp, began offering the Five Star Advantage package to dealers selling units built by Jayco Inc., Middlebury, Ind. Starcraft RV, Topeka, Ind., and Jayco are affiliates. The two corporations are legally distinct... Read more

Five Star Advantage Extended to Starcraft RV Dealers

April 26, 2002 by · Leave a Comment 

The Five Star Advantage special retail financing package now is available to dealers selling Starcraft RV Inc. products, according to Firstar Bank and U.S. Bank, the lenders offering the Five Star Advantage program. Late last year, Firstar and U.S. Bank, both units of Minneapolis-based U.S. Bancorp, began offering the Five Star Advantage package to dealers selling units built by Jayco Inc., Middlebury, Ind. Starcraft RV, Topeka, Ind., and Jayco are affiliates. The two corporations are legally distinct... Read more

Cummins Reports First Quarter Loss

April 26, 2002 by · Leave a Comment 

Cummins Inc., supplier of diesel engines and Onan generators to RV industry customers, reports it lost $29 million during the first quarter, but Chairman Tim Solso believes “the worst is behind us.” The loss during the three months ended March 31 compares with a loss of $26 million incurred during the first three months of 2001. Cummins, which also owns RV manufacturer Swagman Motor Homes Pty. of Australia, reports its total sales declined 1% during the first quarter to $1.33 billion. Its engine... Read more

El Monte RV Partners with USC

April 26, 2002 by · Leave a Comment 

Rental firm El Monte RV has partnered with the University of Southern California (USC) to offer the first “premier tailgate package” in the industry. El Monte RV, which, in the last five years, has changed its focus from primarily serving tourists from abroad to serving mainly domestic customers, also is pursuing other “college athletic tailgate partnerships that fit with El Monte RV’s long-standing tradition of supporting athletics and key sporting events,” said Joe Laing, director of... Read more

Economy Grows but Consumer Sentiment Declines

April 26, 2002 by · Leave a Comment 

The U.S. economy grew at an unexpectedly robust rate during the first quarter but consumer sentiment weakened in April. The Commerce Department reported today (April 26) that the economy, as measured by the gross domestic product (GDP), surged ahead at a 5.8% rate of growth during the first three months of this year, the fastest growth rate since the fourth quarter of 1999. The unexpectedly strong first quarter growth rate follows the sluggish 1.7% rate of growth during the fourth quarter of 2001. Meanwhile,... Read more

Spartan Motors Earnings Up 126%

April 25, 2002 by · Leave a Comment 

Exceptionally strong growth in demand for diesel pusher chassis helped Spartan Motors Inc.’s first quarter net earnings to grow by 126%, the Charlotte, Mich.-based company announced today (April 25). Spartan earned $3.3 million during the three months ended March 31, compared with $1.5 million earned during the first three months of 2001. Spartan’s motorhome chassis sales grew nearly 39% during the first quarter and President and COO John Sztykiel said, “Since the RVIA show last fall, the... Read more

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