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RVDA Announces Staff Promotions

August 21, 2002 by · Leave a Comment 

The Recreation Vehicle Dealers Association (RVDA) announces five staff promotions including the following: • Ronnie Hepp now is vice president for administration. She is responsible for the direction of the RVDA’s financial, human and facility resources as well as administration of RVDA corporate boards and committees. Hepp, who joined the RVDA in 1994, also serves as the association’s chief liaison to the RVDA-Recreation Vehicle Industry Association (RVIA) Technician Certification Governing... Read more

Skyline’s FY ’02 RV Earnings Increased

August 21, 2002 by · Leave a Comment 

Manufactured home and towable RV builder Skyline Corp. reports its RV-related operating earnings increased 12% during its fiscal year 2002, which ended May 31. In its Securities & Exchange Commission (SEC) Form 10-K, Elkhart, Ind.-based Skyline reports its fiscal year 2002 RV operating earnings totaled $925,000, compared with $824,000 earned during its fiscal year 2001. Meanwhile, Skyline’s fiscal year 2002 RV sales revenue increased 1% to $111.5 million, compared with $110.2 million a year... Read more

Rexhall to Restate First Quarter Financials

August 20, 2002 by · Leave a Comment 

Class A motorhome manufacturer Rexhall Industries Inc. now says it lost money during the first quarter but that its second quarter profit was large enough to offset the first quarter loss, thus yielding “either breakeven or a slightly profitable year-to-date,” according to Bill Rex, chairman, president and CEO. Earlier, Rexhall, a Nasdaq Stock Market traded company, reported net earnings of $181,000 for the first three months of this year. However, errors in reporting the company’s raw materials... Read more

Caudill to Build Upon Fleetwood’s Turnaround

August 20, 2002 by · Leave a Comment 

Ed Caudill, Fleetwood Enterprises Inc.’s new president and CEO, said he will “build on the turnaround that has already begun here.” Caudill joined Fleetwood effective Aug. 12 after serving as vice president of the PACCAR subsidiary of Kenworth Truck Co. Caudill had “full P&L (profit and loss) responsibility” at PACCAR, according to a Fleetwood statement. About his first days at his new job, Caudill said, “I am greatly impressed with the energy and commitment of our team here at Fleetwood.... Read more

Fleetwood Leads In Class A’s, Continues Rebates

August 20, 2002 by · Leave a Comment 

Fleetwood Enterprises Inc. was the retail market share leader in Class A motorhomes during the first half of this year and the company has decided to continue its “direct factory to customer” rebates on select models through Oct. 27. Fleetwood’s dealers sold 3,790 Class A motorhomes during the first half of this year, a 20.4% increase over the 3,147 Class A units that its dealers retailed during the first half of 2001, according to the company, which cited Statistical Surveys Inc. data. Fleetwood... Read more

New Leaders at Featherlite Luxury Coach

August 20, 2002 by · Leave a Comment 

Specialty aluminum trailer and bus conversion manufacturer Featherlite Inc. has appointed a new president/CEO and a new vice president of sales and service for its Luxury Coach Division. Jim Wooley was named president and CEO of the division, which builds the Vantare H3-45 and XLII models, and Preston Watts was appointed vice president of sales and service. Wooley, who joined Featherlite in February, was vice president of operations and COO of Featherlite’s Luxury Coach Division immediately prior... Read more

Morgan to Focus on RV Deliveries

August 19, 2002 by · Leave a Comment 

Morgan Drive Away Inc. has sold its money-losing manufacturing home delivery business to a Georgia firm in order to concentrate on its RV/commercial vehicle/bus transport and semi-trailer hauling businesses, the American Stock Exchange-listed firm announced. The terms of Morgan’s sale of its manufactured home transport business to McDonough, Ga.-based Bennett Truck Transport LLC were not revealed. The acquisition of Elkhart, Ind.-based Morgan’s manufactured home delivery business by Bennett also... Read more

Fleetwood’s New CEO on the Job, Stock Price Rises

August 19, 2002 by · Leave a Comment 

Fleetwood Enterprises Inc.’s stock price remains beaten down, although its share price improved dramatically last week (Aug. 12-16), which was the first week on the job for Edward Caudill, its new president and CEO. The RV and manufactured home builder’s stock price fell as low as $2.37 a share on Aug. 12 but it closed at $3.92 on Friday (Aug. 16). Fleetwood’s stock price fell below $3 a share during the week of Aug. 5-9 apparently because of report distributed by Dow Jones Newswires on Aug.... Read more

Newsweek Finds Diesel Pushers “Eat SUVs for Lunch”

August 19, 2002 by · Leave a Comment 

A quick, semi-humorous, first-hand look at an inexperienced driver’s operation of a 40-foot Country Coach Intrigue Class A motorhome is in this week’s edition of Newsweek magazine. Under a flattering photo of the Intrigue in the TipSheet section of the magazine, and its online edition (www.msnbc.com), is a piece written by David A. Kaplan headlined “I eat SUVs for Lunch!” Kaplan wrote: “ ‘Say, Len, are you sure that stop sign is supposed to bend over like that?’ I gently asked my... Read more

Farber Buys Custom Coach Assets

August 19, 2002 by · Leave a Comment 

Farber Specialty Vehicles, a Columbus, Ohio-based firm that builds everything from bookmobiles to mobile medical, computer and drug testing labs, has acquired the assets of bus converter Custom Coach Corp., which claimed to be the country’s first motorhome modification firm. Custom Coach, also of Columbus, halted production about three months ago, according to Steve Farber, president of Farber Specialty. The Custom Coach service facility in Clermont, Fla., was sold by the Farber firm to a another... Read more

RV Storage Facility Expansion Opposed in California

August 16, 2002 by · Leave a Comment 

A proposal to expand an RV and boat storage yard in California’s South Livermore Valley wine region has been rejected by Alameda County’s planning director, but the yard’s owner has filed an appeal, according to the Contra Costa Times. John Migliore, owner of Ideal Camper Storage, stores about 900 boats and RVs on his property, and wants to expand by adding 25 acres on the south side of the land he already owns. But Planning Director James Sorensen has objected to the proposal on the grounds... Read more

RV Storage Facility Expansion Opposed in California

August 16, 2002 by · Leave a Comment 

A proposal to expand an RV and boat storage yard in California’s South Livermore Valley wine region has been rejected by Alameda County’s planning director, but the yard’s owner has filed an appeal, according to the Contra Costa Times. John Migliore, owner of Ideal Camper Storage, stores about 900 boats and RVs on his property, and wants to expand by adding 25 acres on the south side of the land he already owns. But Planning Director James Sorensen has objected to the proposal on the grounds... Read more

Lazydays Surpasses 40% Class A Market Share in Fla.

August 16, 2002 by · Leave a Comment 

Lazydays RV SuperCenter has attained 40.1% retail market share for Class A motorhomes in Florida during May, according to a release issued by the Sefner-based dealership. The Class A figures represent an 8% increase over the same period in 2001. Meanwhile, Class C motorhomes boasted a 17.1% market share in May, up from the 16.5% share recorded during the same period last year. “These trends keep us on track to reach our goal of achieving $1 billion in annual sales,” said Don Wallace, Lazydays... Read more

Cummins ISB Meets Costly EPA Regs

August 16, 2002 by · Leave a Comment 

Engine supplier Cummins Inc. announced that it has received Environmental Protection Agency (EPA) certification for its medium-duty ISB engine, as Cummins and its competitiors strive to meet stringent new federal standards that ultimately will have a significant effect on the cost of all diesel-powered motorhomes. The EPA approval certifies that the ISB complies with the new emission standards that go into effect for diesel engine builders on Oct. 1. By that deadline, diesel engine manufacturers... Read more

Deutsche Rumors: Trouble for MH Builders?

August 16, 2002 by · Leave a Comment 

If the “widely anticipated” decision by Deutsche Bank to stop financing manufactured housing (MH) dealers proves true, it could amount to a body slam for the already reeling MH sector and, specifically, for key players like Fleetwood Enterprises Inc., according to The Business Press, a weekly affiliate of The Press-Enterprise, Riverside, Calif. Deutsche’s pullout at this point, for the record, is only rumored. “Riverside-based Fleetwood supplies a majority of its manufactured homes to independent... Read more

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