Workhorse Announces Diesel Tech-training Dates

November 27, 2002 by Sherman Goldenberg · Leave a Comment 

If you're new here, you may want to subscribe to our Daily RV Industry News Feed. Thanks for visiting!Workhorse Custom Chassis, in conjunction with the Recreation Vehicle Service Training Council’s satellite training program, will begin providing technician training for servicing its new R Series rear diesel engine motorhome chassis beginning in January. The first Workhorse diesel satellite training sessions will be Jan. 16, Jan. 23 and Jan. 30. Others are scheduled for Feb. 6, Feb. 13, Feb. 20,... Read more

Holiday RV Superstores to Buy Holiday Kamper

November 27, 2002 by Sherman Goldenberg · Leave a Comment 

Dealership chain Holiday RV Superstores Inc. has signed a term sheet to acquire the Holiday Kamper and Boats dealership group in the Carolinas and to sell its dealership location in Bakersfield, Calif. The transactions are a part of Holiday RV’s decision to “refocus its operations in the Eastern and Central portions of the U.S.,” said Marcus Lemonis, chairman and CEO. Holiday Kamper, owned by Kent Lester, is a 20-year-old company with dealerships in Charleston, Columbia, Greenville and Myrtle... Read more

St. Louis Couple Combines RVing With Business

November 26, 2002 by Sherman Goldenberg · Leave a Comment 

A couple from suburban St. Louis is using a 40-foot 2003 Tiffin Allegro Bus diesel pusher to combine business with pleasure, according to a feature appearing in the Chicago Tribune. The couple, Robert and Donna Moore, have given up airports and bought an RV for domestic business trips, the newspaper reported. “We can mix business with pleasure, see places now that we only flew over before,” said Robert Moore, a 41-year-old computer-programming consultant. “And it fits our business schedule.... Read more

E*TRADE Bank to Acquire Ganis Credit

November 26, 2002 by Sherman Goldenberg · Leave a Comment 

The E*TRADE Bank unit of online stock brokerage firm E*TRADE Group Inc. signed a definitive agreement late in November to acquire Ganis Credit Corp., a major source of loans to consumers buying RVs, boats and motorsports products. Ganis, a unit of Germany’s Deutsche Bank AG, makes loans directly to consumers and indirectly through the dealers selling RVs, boats and motorsports products. E*TRADE Bank’s acquisition of Ganis is expected to be completed either late in 2002 or early 2003. E*TRADE... Read more

Towable Inventories Remained Tight

November 26, 2002 by Sherman Goldenberg · Leave a Comment 

Dealer inventories of new travel trailers, fifth-wheels and folding campers remained tight as of the end of September, a comparison of industry data reveals. Statistical Surveys Inc. reports 10,758 travel trailers were sold in September in the 47 states from which it was able to gather data. Meanwhile, the members of the Recreation Vehicle Industry Association (RVIA) reported shipping 11,400 travel trailers from their factories to dealers in September. However, Statistical Surveys, an independent... Read more

Quality Circle Award Useful to Builders

November 25, 2002 by Sherman Goldenberg · Leave a Comment 

Six RV manufacturers have received 2002 Quality Circle Awards from the Recreation Vehicle Dealers Association (RVDA). Five of them received the coveted recognition last year from the national dealer group. Repeat winners include KZ Inc., Shipshewana, Ind.; Lance Camper Manufacturing Corp., Lancaster, Calif.; Newmar Corp., Nappanee, Ind.; SunLine Coach Co., Denver, Pa.; and Winnebago Industries, Inc., Forest City, Iowa. Tiffin Motor Homes, Inc., Red Bay, Ala., also received an award. Fleetwood Folding... Read more

Towables Retail Market Remains Robust

November 25, 2002 by Sherman Goldenberg · Leave a Comment 

The retail market for travel trailers and fifth-wheels remained robust in September, according to Statistical Surveys Inc., an independent market research firm. Retail sales of travel trailers climbed 18.3% higher in September to 10,758 units in the 47 states from which Statistical Surveys was able to gather data, compared with 9,091 units retailed in the same 47 states a year earlier. Statistical Surveys was unable to obtain retail sales data from New Hampshire and South Carolina in time for its... Read more

Thor’s Earnings More Than Triple, Sales Up 95%

November 25, 2002 by Sherman Goldenberg · Leave a Comment 

Thor Industries Inc. reports its net earnings more than tripled and its sales revenue increased 95% to record levels during the first quarter of its fiscal year 2003, which ended on Oct. 31. The company earned $20.8 million in the August-through-October period, compared with $6.7 million earned a year earlier. Its first fiscal quarter sales revenue totaled $406.3 million, compared with $208.5 million a year-ago. Thor’s financial results were “well in excess of (market) analysts’ estimates and... Read more

Thor Stock Hits New High, Then Slides Lower

November 25, 2002 by Sherman Goldenberg · Leave a Comment 

Thor Industries Inc. stock climbed to a new 52-week high today (Nov. 25) after the company released a strong earnings report for its first fiscal quarter. However, Thor’s stock eventually slid lower in New York Stock Exchange (NYSE) trading, giving back a little more than the $2-per-share gain it posted on Friday (Nov. 22). Thor, the RV and transit bus manufacturer, saw its stock price climb as high as $42.78 a share today, surpassing its previous 52-week high of $40.50, which it reached on Friday. However,... Read more

Lazydays Expects to Reach $650 million in Sales

November 22, 2002 by Sherman Goldenberg · Leave a Comment 

Executives at Lazydays RV SuperCenter near Tampa, Fla., believe the dealership will achieve a record $650 million in sales revenue this calendar year. That would exceed by 16% the company’s previous high revenue mark of $560 million, said Don Wallace, founder and CEO of the dealership, located in Seffner, Fla. “This performance keeps us on track for achieving our ultimate goal of $1 billion in annual sales,” he added. Wallace did not speculate about when Lazydays would reach the $1 billion... Read more

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