RVIC Honors Virgil Miller, Corson and Decio

October 28, 2002 by · Leave a Comment 

Three RV industry giants, the late Newmar Corp. Chairman Virgil Miller, Coachmen Industries Inc. co-founder Tom Corson and Skyline founder Art Decio were named Legacy Award winners by the Recreation Vehicle Indiana Council (RVIA). Miller, 62, of Bremen, Ind., died in July after a lengthy illness. His sons, Cletis and Curtis, accepted the award during the RVIC’s recent annual meeting in South Bend. The RVIC held its annual meeting/banquet earlier this month along with its sister organization, the... Read more

Curtin Named RVIA’s Market Forecaster

October 28, 2002 by · Leave a Comment 

The University of Michigan’s Dr. Richard Curtin has been named the Recreation Vehicle Industry Association’s (RVIA) new market forecaster, according to the RVIA’s Market Information Committee. Curtin, the director of the University of Michigan’s Survey Research Center in Ann Arbor, has served as a consultant to the RVIA for 20 years on the subject of consumer sentiment and demographic trends. Now, he also will be the author of the quarterly RVIA industry forecast publication RV Roadsigns. Curtin... Read more

Patrick Industries Remains Profitable

October 28, 2002 by · Leave a Comment 

Supplier/distributor Patrick Industries Inc. reports it earned $153,000 in the third quarter, despite the manufactured housing industry’s continuing woes. Meanwhile, the RV industry, which accounts for 29% of Patrick’s sales revenue, remains a bright spot for the Elkhart, Ind. firm. Patrick’s net profit of $153,000 during the three months ended Sept. 30 compares with a net loss of $729,000 incurred a year earlier. In the first nine months of this year, Patrick earned a total of $1.1 million,... Read more

European Gasoline Imports Keep U.S. Prices Stable

October 28, 2002 by · Leave a Comment 

Increased gasoline imports from Europe are keeping U.S. gas prices stable despite worries about the possibility of war with Iraq, the Wall Street Journal reported today (Oct. 28). European refiners can export gas to the U.S. because they are producing a surplus as a result of European motorists’ preference for diesel engine-powered automobiles, the Journal reported. The demand for gasoline in the U.S. is up nearly 3% this year, or about 9 million barrels a day, while it is down 2% in Europe. That... Read more

Drew Reports Records 3Q Results, Expansion Continues

October 25, 2002 by · Leave a Comment 

RV and manufactured housing industry supplier Drew Industries Inc., parent of Kinro and Lippert Components, reported record third-quarter sales and earnings. The supplier of towable RV chassis and other components reported its net earnings increased 57% to $4.7 million and its sales climbed 23% higher in the three months ended Sept. 30 to $92.9 million. However, because of a $30.1 million charge taken earlier this year to reflect a change in accounting methods, Drew, an American Stock Exchange-listed... Read more

Spartan Earnings Double, More Gains Eyed

October 24, 2002 by · Leave a Comment 

Operating improvements and strong gains in the RV and emergency-rescue markets helped Spartan Motors Inc. double its earnings in the third quarter. Spartan, a supplier of diesel engine chassis to motorhome manufacturers, reported net earnings of $3.1 million in the three months ended Sept. 30, compared with $1.6 million a year earlier. Its total sales revenue in the July-through-September period also increased 15% to $64.1 million. In the first nine months of this year, Spartan’s net profit more... Read more

Coachmen Still in “Recovery Mode”

October 24, 2002 by · Leave a Comment 

Coachmen Industries Inc.’s Claire Skinner, chairman, president and CEO, and CFO Joe Tomczak were scolded by two investment analysts during a conference call held this week because of what the analysts believe is too modest of an outlook for the company’s RV-related profits. The conference call was held to have a discussion about Coachmen’s third-quarter earnings. Coachmen, a New York Stock Exchange-listed firm, reported pretax RV-related income of $2.6 million on RV sales of $114.6 million... Read more

RV Parking Rights Up for Vote

October 24, 2002 by · Leave a Comment 

Voters in Fountain Valley, Calif., will decide in a referendum on Nov. 5 whether to ban the parking of RVs along the Orange County community’s streets, The Orange County Register reported. Under the terms of the proposed ordinance, RV owners would need the police permission to park their motorhomes or towable RVs along a street for up to 36 hours. Otherwise, all RVs longer than 22 feet, wider than 82 inches and weighing more than 10,000 pounds must be left in a storage yard. The controversy over... Read more

RV Dealerships Included in SoCal Supercenter Plan

October 24, 2002 by · Leave a Comment 

The Southern California community of Grand Terrace plans to build a 130-acre retail and recreation “supercenter” that would include RV dealerships along with a 12-acre manmade lake suitable for boating and fishing, a manmade stream, hiking trails, an off-road course for motorcycles and a rock waterfall, according to The Business Press of Ontario, Calif. Other components would include a fitness center, skateboard park, themed restaurants and an outdoor mall. The project, planned by a town located... Read more

Satellite Tech Training Works

October 23, 2002 by · Leave a Comment 

Officials overseeing the RV industry’s new satellite training program are pleased with the results of August certification exams during which 101 of 133 participating techs passed the test. “I’m very happy with the results,” said Jerry Balda, director of education for the Recreation Vehicle Industry Association (RVIA). “The scores were solid. Very few people just made it. Most of the scores were in the 80% range. It verifies that satellite training works.” The exam was given after the... Read more

Coachmen Might Sell Miller Building

October 23, 2002 by · Leave a Comment 

Coachmen Industries Inc. is considering a variety of alternatives related to its money-losing Miller Building Systems unit, including a possible sale of the subsidiary, which Coachmen acquired only two years ago, according Chairman, President and CEO Claire Skinner. Skinner issued her statement during a conference call with investment analysts Tuesday (Oct. 22). The conference call can be heard over the Internet during the next 29 days at Miller makes modular structures... Read more

National RV Introduces New Models as Losses Expand

October 22, 2002 by · Leave a Comment 

National RV Holdings Inc. reports its third-quarter net losses grew larger, but the Perris, Calif.-based company will introduce new lower-priced products in an effort to return to profitability. The New York Stock Exchange-listed firm lost $9.8 million in the third quarter, an amount that includes a $6.1 million noncash charge to recognize the impairment of goodwill related to National RV Holding’s acquisition of Country Coach Inc. in 1996. National RV Holdings took the charge to reflect the decline... Read more

Coachmen’s RV Sales Revenue Up 46%

October 22, 2002 by · Leave a Comment 

Coachmen Industries Inc. reports its RV operations earned $2.6 million before taxes in the third quarter and its RV sales revenue climbed 46% higher for the period, which ended Sept. 30. The New York Stock Exchange-listed company’s RV-related pre-tax profit of $2.6 million more than offset the $1.6 million pre-tax loss its RV operations incurred in the July-through-September portion of 2001. During the first nine months of this year, Coachmen’s RV business earned a total of $3.1 million pre-tax,... Read more

Travel Trailer/Fifth-wheel Retail Still Positive

October 22, 2002 by · Leave a Comment 

The retail markets for new travel trailers and fifth-wheels stayed positive in August, but the amount of the increases, when compared with 2001, were not as large as was the case earlier this year, according to Statistical Surveys Inc. Travel-trailer sales increased 4.5% and fifth-wheel sales climbed 3.9% higher when August of this year is compared with August 2001, according to Statistical Surveys, an independent market research firm. There were 11,093 new travel trailers retailed in August in the... Read more

National RV Gas Shipments Up, Diesel Down

October 22, 2002 by · Leave a Comment 

Despite reporting a net loss for the third quarter, National RV Holdings Inc. reports it shipped more gasoline engine-powered Class A motorhomes to dealers in the July-through-September period than it did in the same period a year earlier. The parent of National RV Inc. and Country Coach Inc. shipped 232 gas Class A’s during the three months ended Sept. 30, a 6% increase over the 218 units it delivered to its dealers in the same period a year earlier. However, the Perris, Calif.-based company’s... Read more

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