RVIA Wants Outdated Seals Returned

September 30, 2002 by · Comments Off on RVIA Wants Outdated Seals Returned 

The Recreational Vehicle Industry Association (RVIA) has set an Oct. 31 deadline for the return of outdated certification seals. New, higher-cost seals, showing units comply with ANSI and other standards, were to be affixed to new RVs beginning Sept. 15. Implementation of the new seal structure went smoothly, according to Robert M. “Mac” Bryan, RVIA’s vice president of administration. “I know of no complaints,” Bryan said. “We put out a lot of information, and people were very much aware... Read more

Holiday RV Superstores Gets Cash Infusion

September 30, 2002 by · Comments Off on Holiday RV Superstores Gets Cash Infusion 

Dealership chain Holiday RV Superstores Inc. has received a cash infusion from investor Steve Adams and has written off its unrealizable goodwill, according to Marcus Lemonis, chairman, president and CEO. Adams is chairman of Affinity Group Inc. (AGI), parent of TL Enterprises Inc., which publishes RV Business and RVBUSINESS.COM. Adams is investing in Holiday RV as an individual and he will not be involved in day-to-day management of the dealership chain, Lemonis said. Adams loaned $4.6 million to... Read more

Thor’s Earnings Double, Towables Share Reaches 24%

September 30, 2002 by · Comments Off on Thor’s Earnings Double, Towables Share Reaches 24% 

Thor Industries Inc. reported today (Sept. 30) its net earnings increased 140% in its fourth fiscal quarter and 92% for its full fiscal year 2002. Thor also said its towable RV retail market share climbed to 23.9% for the first seven months of this year. Thor, a New York Stock Exchange-listed company, said it earned $20.2 million in its fourth fiscal quarter, which ended July 31. That represents a 140% increase over the $8.4 million it earned in the May-through-July portion of 2001. Meanwhile, the... Read more

Monaco’s Safari Intros Panther Pusher

September 30, 2002 by · Comments Off on Monaco’s Safari Intros Panther Pusher 

Monaco Coach Corp. announced today (Sept. 30) the introduction of a new diesel pusher called the Safari Panther that initially will be offered in 40-, 42- and 45-foot triple slideout floorplans, including a double-bedroom slide. The Panther comes on Monaco’s Roadmaster semi-monocoque chassis and is powered by a 505-horsepower Caterpillar C-12 diesel engine matched with an Allison 4000 MH 6-speed transmission with electronic shifter. In addition to creating a spacious bedroom, the double-bedroom... Read more

Skyline Earnings Down 49%

September 27, 2002 by · Comments Off on Skyline Earnings Down 49% 

Manufactured home and towable RV manufacturer Skyline Corp. reports its first fiscal quarter net earnings declined 49% because its manufactured housing business continues to be negatively impacted by “competitive pricing resulting from difficult marketing conditions, restrictive retail financing and a soft U.S. economy.” Skyline’s earnings totaled $1.8 million during the three months ended Aug. 31, compared with $3.6 million a year earlier. The Elkhart, Ind.-based company’s RV sales revenue... Read more

Gas Prices Steady, For Now

September 27, 2002 by · Comments Off on Gas Prices Steady, For Now 

Gasoline prices have remained steady, even declining marginally in some markets, despite the talk of war against Iraq, according to the American Automobile Association (AAA) affiliates in Texas and Southern California. In the Los Angeles/Long Beach market, for example, the average price for regular unleaded gas declined two cents a gallon from last week to an average of $1.596 today (Sept. 27). Meanwhile, in San Diego, gas prices declined 0.9 cents since last week to the current average of $1.651,... Read more

Fleetwood’s NexGen Remains “A Concept”

September 27, 2002 by · Comments Off on Fleetwood’s NexGen Remains “A Concept” 

There have been a lot of senior management changes at Fleetwood Enterprises Inc. since the NexGen Activity Support Vehicle (ASV) was introduced to a select audience at the Louisville Show in 2000. But the NexGen project remains alive as a “concept vehicle,” said Bob Rogers, manager of consumer marketing for the Riverside, Calif.-based company. “No specific production date has been established.” Fleetwood dealers and reporters were allowed to see a NexGen Class A motorhome prototype during... Read more

Thousand Trails Earnings Soar Higher

September 27, 2002 by · Comments Off on Thousand Trails Earnings Soar Higher 

Fiscal year 2002 net earnings at membership-based campground owner/operator Thousand Trails Inc. soared 95% higher, the Frisco, Tex.-based company reported today. Thousand Trails earned $8.3 million during the 12 months ended June 30, compared with $4.3 million earned a year earlier. The company’s sales revenue increased 12% to $88.8 million. “We didn’t suffer like many companies in the travel and leisure industries this year,” said Bill Shaw, Thousand Trails’ president and CEO. The company’s... Read more

Rexhall Reports Marginal First Half Profit

September 26, 2002 by · Comments Off on Rexhall Reports Marginal First Half Profit 

Rexhall Industries Inc. has restated its first quarter earnings and reported today (Sept. 26) that it earned a marginal profit during the first half of this year. The Lancaster, Calif.-based manufacturer of Class A motorhomes now reports it lost $253,000 during the three months ended March 31. Earlier, it reported a net profit of $181,000 for the first three months of this year. The change occurred because Rexhall discovered in August that there was an error in its accounting for raw material inventory,... Read more

Net Loss for ’02 Likely for National RV

September 26, 2002 by · Comments Off on Net Loss for ’02 Likely for National RV 

National RV Holdings Inc. revealed on Tuesday (Sept. 24) it will report a net loss for the third quarter and its president and CEO said Wednesday (Sept. 25) it likely will report another loss for the fourth quarter. “It’ll be tough in 4Q (the fourth quarter) to be in the black,” said Brad Albrechtsen, president and CEO of National RV Holdings Inc., parent of National RV Inc., Perris, Calif., and Country Coach Inc., Junction City, Ore. Albrechtsen estimates National RV Holdings will report... Read more

Longer Term Agreements Enhance Dealership Value

September 26, 2002 by · Comments Off on Longer Term Agreements Enhance Dealership Value 

Longer term agreements between RV manufacturers and dealers would be very helpful in enhancing the value of RV dealerships, Recreation Vehicle Dealers Association President Mike Molino told an industry gathering in Florida earlier this month. Molino told Florida RV Trade Association (FRVTA) Annual Convention attendees that “the Industry Vision Working Group” formed earlier this year is working to address the issue. The working group is comprised “of representatives of the members of both national... Read more

Dallas Supershow Dealers Optimistic

September 26, 2002 by · Comments Off on Dallas Supershow Dealers Optimistic 

Dealers were “very, very pleased” with their sales during the Southwest RV Supershow in Dallas, Sept. 12-15, and they are optimistic about the next four to five years for the industry, said Clark McEwen, executive director of the Texas Recreation Vehicle Association (TRVA). “Bigger, more expensive units (both motorhomes and towables) were moving very well at the show,” he added. Dealers are optimistic both near and long-term because of “the trend to travel more in this country and to fly... Read more

RV Company Stock Prices Rebound

September 26, 2002 by · Comments Off on RV Company Stock Prices Rebound 

It’s been a tough couple of weeks for stock market investors but today (Sept. 26) was a good day for several RV manufacturing company stocks. One example is Rexhall Industries Inc. which saw its stock price climb 50 cents, or 22%, to close at $2.75 a share. Before the stock market opened today, Rexhall revealed that independent auditors and attorneys completed a review of its accounting practices and they found no more unpleasant surprises. A month ago, Rexhall discovered problems with its raw... Read more

RVIA Board Fills Vacancies

September 25, 2002 by · Comments Off on RVIA Board Fills Vacancies 

The Recreation Vehicle Industry Association (RVIA) Board of Directors recently elected Claire Skinner, chairman, president and CEO of Coachmen Industries Inc., to be its chairman effective Tuesday (Oct. 1). Meanwhile, the RVIA board, at its meeting in Williamsburg, Va., Sept. 14, filled two vacancies, with the appointment of Forrest Theobald, senior vice president, secretary and general counsel for Fleetwood Enterprises Inc., and Dick Parks, president of Newmar Corp. Theobald, replaced Glenn Kummer,... Read more

Molino Says Manuf./Dealer Relations Improving

September 25, 2002 by · Comments Off on Molino Says Manuf./Dealer Relations Improving 

Mike Molino, president of the Recreation Vehicle Dealers Association (RVDA), told a gathering earlier this month that he believes manufacturer/dealer relations “are really improving.” And Molino told the Florida RV Trade Association that the relationship is improving because “more dealers are taking the initiative to communicate with manufacturers at the top level, and more manufacturers are becoming more receptive and understanding of the dealer as a critical part of this (sales) process.” Molino... Read more

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