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Skyline’s RV Operating Earnings Plunge

October 21, 2002 by · Leave a Comment 

Manufactured home and towable RV builder Skyline Corp. reports its first fiscal quarter RV operating earnings plunged 77%. In a report to the Securities & Exchange Commission (SEC), Skyline reports it earned $127,000 from RV building operations during the three months ended Aug. 31, compared with $561,000 in RV operating earnings during the same portion of 2001. The lower operating earnings occurred despite a 13% increase in RV sales revenue in the June-through-August period to $35.4 million,... Read more

Monaco’s Earnings Soar Higher

October 21, 2002 by · Leave a Comment 

Monaco Coach Corp. reports its third quarter net earnings increased 78% on a 31% increase in sales revenue. The New York Stock Exchange-listed company earned $11.8 million during the three months ended Sept. 28, compared with $6.6 million earned a year earlier. Monaco’s sales revenue climbed during the July-through-September period to $314.7 million, compared with $240.8 million a year earlier. After the first nine months of this year, Monaco’s net earnings were up 87% to $32.4 million, compared... Read more

Canadian Snowbirds Advised to Avoid I-95

October 21, 2002 by · Leave a Comment 

The Canadian Snowbird Association is warning its constituents to avoid stops in the greater Washington D.C. area because of the manhunt for an elusive sniper who has killed nine and wounded three others. “I would think anybody old enough to travel south for the winter would be smart enough to not stop in the Washington area at this time,” Ellen White, president of the Canadian Snowbird Association, told the Kitchener-Waterloo Record newspaper in Kitchener, Ontario. Several of the attacks... Read more

Etshied to Raise RVAA’s Relevance

October 21, 2002 by · Leave a Comment 

Karl Etshied, newly appointed executive director and CEO of the Recreational Vehicle Aftermarket Association (RVAA), intends to “elevate the relevance” of the RVAA to its members, the RV manufacturers’ and dealers’ associations and to individual RV dealers and campground operators. Etshied, 39, is wrapping up his duties as programs director for the Pennsylvania Recreation Vehicle & Camping Association (PRVCA). A resident of Harrisburg, Pa., Etshied will open a new RVAA office in Harrisburg... Read more

Motorhome Inventories Grow in August

October 18, 2002 by · Leave a Comment 

Dealer inventories of new Class A and Class C motorhomes expanded during August, but the amount of inventory growth does not appear to be excessive. There were 3,200 Class A’s shipped from manufactures to dealers during August, according to the Recreation Vehicle Industry Association (RVIA), while there were 2,411 new Class A’s retailed in the 47 states from which Statistical Surveys Inc. was able to gather August data. However, Statistical Surveys, an independent market research firm, was unable... Read more

Daimler to Build Sprinter Plant in Georgia

October 18, 2002 by · Leave a Comment 

DaimlerChrysler will assemble its Sprinter van, which has Class B and Class C motorhome applications, in a new factory it will construct near Savannah, Ga., according to Georgia Gov. Roy E. Barnes. Currently, Sprinter units are assembled in Dusseldorf, Germany, for the European market and Sprinter components are shipped as a kit from Germany to DaimlerChrysler’s Freightliner subsidiary in Gaffney, S.C., for final assembly prior to sale to North American customers. A Canadian firm, Leisure Travel... Read more

Kemlite Sees Continued RV Market Strength

October 18, 2002 by · Leave a Comment 

Executives at Kemlite, a supplier of fiberglass reinforced plastic panels to the RV industry, believe the RV market will remain strong in 2003. In a statement issued Thursday (Oct. 17), Kemlite, a unit of Crane Co., a New York Stock Exchange-listed firm, reported that the “RV market continues to outperform earlier expectations. Management expects the RV market to remain strong and the truck-trailer transportation market to improve slightly both in the fourth quarter 2002 and into 2003.“ Kemlite... Read more

Motorhome Sales in ’02 Trail Year 2000 Levels

October 18, 2002 by · Leave a Comment 

Except for this past August, the retail market for Class A and Class C motorhomes was better this year than during comparable portions of 2001. But a review of Statistical Surveys Inc. data also shows this year’s retail market for motorhomes still lags behind the 2000 market. In August, Statistical Surveys, an independent market research firm, found there were 2,411 Class A’s and 1,266 Class C’s retailed in the 47 states from which it was able to gather data. (Statistical Surveys was unable... Read more

RV Sales Help Cummins’ Earnings

October 17, 2002 by · Leave a Comment 

Sales of diesel engines and Onan-brand power generators to the RV industry helped Cummins Inc. report a third-quarter profit that was above stock market analysts’ expectations. Cummins earned $39 million, or $1 per share, compared with $3 million earned in the third quarter of 2001. In the first nine months of this year, Cummins’ earnings totaled $23 million, compared with a net loss of $105 million incurred during the first nine months of 2001. Market analysts had forecasted that Cummins would... Read more

Champion Sees More Manuf. Home Declines

October 17, 2002 by · Leave a Comment 

Champion Enterprises Inc., a leading manufactured home producer, believes manufactured home shipments will decline industrywide by 12% this year, when compared with 2001, to a total of 170,000 factory-built homes delivered to dealers. If Champion’s forecast is accurate, then manufactured home shipments this year will be 54% below the industry’s most recent peak, which occurred in 1998, when 373,000 units were delivered to dealers. Meanwhile, Champion believes retail sales of manufactured homes... Read more

Class A Retail Market Cooled in August

October 17, 2002 by · Leave a Comment 

The retail market for Class A motorhomes cooled off in August, when compared with August 2001, according to Statistical Surveys Inc., an independent market research firm. A total of 2,411 Class A’s – both gas and diesel engine models – were retailed in August in the 47 states from which Statistical Surveys was able to gather data. That represents a 15.6% decline from the 2,856 units dealers in the same 47 states retailed a year earlier. Statistical Surveys was unable to gather Class A and Class... Read more

Spartan to Intro Redesigned Me2 Chassis

October 17, 2002 by · Leave a Comment 

Motorhome chassis supplier Spartan Motors Inc. will introduce a redesigned version of its midengine Me2 chassis at the RV industry’s National Trade Show in Louisville Dec. 3-5, Spartan CEO John Sztykiel announced today (Oct. 17). Spartan first introduced the Me2, which has the diesel engine located at the middle of the chassis, at the Louisville show at the end of 2000. But since then Spartan has redesigned the frames so the chassis will be easier for the engineering departments of motorhome OEMs... Read more

RV Seating Sales Benefit Flexsteel

October 16, 2002 by · Leave a Comment 

A 19% increase in RV seating sales boosted Flexsteel Industries Inc.’s sales and earnings in the first quarter of its fiscal year 2003, which ended on Sept. 30. The Dubuque, Iowa-based company earned $2 million in the July-through-September period, compared with $197,000 earned a year earlier. Flexsteel’s first fiscal quarter net earnings included a $200,000 after-tax gain from the sale of land, according to the company. Meanwhile, Flexsteel’s total sales in the three months ended Sept. 30... Read more

PRVCA’s Etshied Named New RVAA Head

October 16, 2002 by · Leave a Comment 

Karl Etshied, 39, the program coordinator for the Pennsylvania RV & Camping Association (PRVCA), recently was named the new executive director and CEO of the Recreational Vehicle Aftermarket Association (RVAA). Etshied was hired last week by the RVAA, which was known as the Warehouse Distributors Association (WDA), until a year ago. He made his first visit with RVAA members as the association’s future leader during the RVAA’s 29th Annual Executive Conference in San Antonio last weekend (Oct.... Read more

Go RVing May Get More Canadian Support

October 16, 2002 by · Leave a Comment 

Although it could take another year, Canada’s RV industry might follow its American counterpart in boosting its commitment to the industry’s Go RVing market expansion program. Acting on the recommendation of the Go RVing Canada Coalition, the Recreation Vehicle Dealers Association of Canada (RVDAC) approved a $75-per-unit assessment (Canadian) to pay for the program — an increase of 50% — at a Sept. 22 board meeting held in conjunction with the RV Dealers International Convention/Expo... Read more

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