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Economy Grew Slowly in 2Q

July 31, 2002 by · Leave a Comment 

The U.S. economy grew at a sluggish 1.1% rate during the second quarter, down from the robust 5% growth rate experienced during the January-through-March portion of this year, the Commerce Department reported today (July 31). The economy’s growth rate during the April-through-June period turned out to be much slower than the 2.3% growth rate forecasted by most economists, according to CNNfn.com. The government also reported today that it revised its figures for the economy’s performance during... Read more

Winnebago “Kickin’ A” in Class A’s

July 31, 2002 by · Leave a Comment 

Winnebago Industries Inc. was the retail market share leader in Class A motorhomes during April and May, which is why Chairman, President and CEO Bruce Hertzke congratulated the company’s retailers during Winnebago’s international dealer meeting in Las Vegas on Monday (July 29). “I think that deserves a pat on the back for all of you,” Hertzke said. “Clearly, you’re kickin’ ‘A’ in Class A’s.” Although Winnebago held the No. 2 position in terms of Class A motorhome retail sales... Read more

Winnebago to Build Class C’s in Charles City

July 31, 2002 by · Leave a Comment 

Winnebago Industries Inc. will build Class C motorhomes in its new factory that is under construction now in Charles City, Iowa, according to Bruce Hertzke, chairman, president and CEO. Production at the new 200,000-square-foot, $12.5 million facility is scheduled to begin “right after the first of the year in 2003,” Hertzke said during his keynote address to Winnebago and Itasca dealers gathered earlier this week for the company’s annual Dealer Days in Las Vegas. The new factory represents... Read more

Winnebago to Build Class C’s in Charles City

July 31, 2002 by · Leave a Comment 

Winnebago Industries Inc. will build Class C motorhomes in its new factory that is under construction now in Charles City, Iowa, according to Bruce Hertzke, chairman, president and CEO. Production at the new 200,000-square-foot, $12.5 million facility is scheduled to begin “right after the first of the year in 2003,” Hertzke said during his keynote address to Winnebago and Itasca dealers gathered earlier this week for the company’s annual Dealer Days in Las Vegas. The new factory represents... Read more

National RV Reports Loss, Lowers Output

July 30, 2002 by · Leave a Comment 

National RV Holdings Inc. reported a $1.4 million loss for the second quarter and the company announced it has lowered production rates at its Perris, Calif., manufacturing complex. However, the Southern California-based company has increased output rates at its Country Coach subsidiary in Junction City, Ore. Production rates in Perris were reduced because a “build-up of finished goods” developed. Output rates will be increased once market conditions improve. “Weakening (dealer) lot traffic... Read more

Former Cruise America Parent Goes Ch. 11

July 30, 2002 by · Leave a Comment 

While the RV rental business appears healthy as a result of 30% increases in demand since Sept. 11, the car rental business is struggling, as indicated by the Chapter 11 bankruptcy filing by Budget Group Inc. on Monday (July 29). Budget was the parent of RV rental firm Cruise America from January 1998 until it was reacquired by Randall and Robert Smalley Jr. during October 2000. Budget sold Cruise America so it could focus on digesting its acquisition of the Ryder truck-rental business, but difficulties... Read more

RVs Propel Coachmen to Profitability

July 30, 2002 by · Leave a Comment 

Significantly improved RV sales helped Coachmen Industries Inc. return to profitability during the second quarter, and Claire Skinner, the company’s chairman, president and CEO, believes Coachmen is “on track to report a solid profit for the full year.” Coachmen’s RV sales revenue climbed 19% higher during the April-through-June period to $111.4 million, while its modular housing and buildings sales slipped 10% lower to $61.3 million. The New York Stock Exchange-listed company’s RV business... Read more

Monaco “Bullish” on Diesel Market

July 29, 2002 by · Leave a Comment 

Monaco Coach Corp. remains “bullish” on the diesel engine motorhome business and “our strongest order segment continues to be the mid-to-high-end diesel market,” said John Nepute, president of the Coburg, Ore.-based company. “We have ramped-up production on all of our manufacturing lines and we continue to see strengthening of our order picture,” Nepute said, during a conference call with investment analysts last week. “We continue to be optimistic about the second half of ‘02,” Monaco’s... Read more

Fleetwood Names New President/CEO

July 26, 2002 by · Leave a Comment 

Fleetwood Enterprises Inc. went outside of the RV and manufactured housing industries to name Edward B. Caudill, a 59-year-old executive from truck manufacturer PACCAR, to be its new president and CEO. Caudill will begin work at Fleetwood in mid-August. PACCAR, based in Bellevue, Wash., builds medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF, Leyland and Foden brand names. Caudill has been a vice president of PACCAR since 1996 and the general manager of its Kenworth subsidiary since... Read more

Dealer Profits Up, Inventories Smaller

July 26, 2002 by · Leave a Comment 

RV dealer net profits were up substantially when the first five months of this year are compared with the same portion of 2001, despite smaller new RV unit inventories as of the end of May at small and mid-size dealerships, according to consultant firm Spader Business Management. The smallest dealers, those with less than $5 million in annual sales, experienced a 73% increase in net earnings during the first five months of this year to an average of $56,111, according to the Spader firm, which previously... Read more

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