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El Monte Hires New Director of Sales

December 19, 2002 by · Leave a Comment 

El Monte RV, one of the nation’s largest motorhome rental companies, has hired Jeff Gibson as director of sales. Gibson worked for El Monte RV from 1997 until 2001 as fleet sales manager and recently rejoined the company as director of sales to oversee wholesale and retail sales operations. Prior to returning, Gibson was district sales manager for Fleetwood Enterprises Inc., Riverside, Calif. He has been in the RV business for more than 11 years and is originally from southern California. “We... Read more

Holiday RV Repays Bank of America Debt

December 19, 2002 by · Leave a Comment 

Dealership chain Holiday RV Superstores Inc. announced today (Dec. 19) it has repaid the last of the $7.8 million debt that it owed to Bank of America (BofA) as a result of it receiving funding from its major investor, Affinity Group Inc. Chairman Steve Adams. Holiday RV had used the loan from BofA to pay for a significant portion of its inventory. “The completion of this transaction demonstrates the commitment of our company and our investors,” said Holiday RV Chairman Marcus Lemonis. “Our... Read more

Venture Out RV Reopens in Bakersfield

December 18, 2002 by · Leave a Comment 

RV industry veterans Lee FitzGerald and Buddy Maltone have purchased the former Recreation USA dealership in Bakersfield, Calif., from Holiday RV Superstores Inc. and they now are calling it Venture Out. Actually, Venture Out is the name of the dealership which FitzGerald’s family founded and which he led beginning in 1987. Then, in 1994, FitzGerald sold Venture Out to Holiday RV and he was the president of Holiday RV’s West Coast operations until 1996. FitzGerald’s noncompete agreement with... Read more

Winnebago’s Earnings Up 52%, Backlog Reduced

December 18, 2002 by · Leave a Comment 

Winnebago Industries Inc. reports its net earnings increased 52% in its first fiscal quarter, which ended Nov. 30, and its sales revenue climbed 32% higher in the September-through-November period to a record $234.1 million. Winnebago, a New York Stock Exchange-listed company, earned $16.3 million in the first quarter of its fiscal year 2003, compared with $10.7 million earned a year earlier. “The positive results were due to the excellent acceptance of the company’s new 2003 motorhomes and continued... Read more

Travel Trailer Sector Has Recovered

December 18, 2002 by · Leave a Comment 

Industry data strongly suggests that the travel trailer/fifth-wheel sector fully recovered this year because shipments most likely will exceed the most recent peak levels of 1999-2000, according to Recreation Vehicle Industry Association (RVIA) data. But the motorhome segment still has a way to go to reach its previous peak set in 1999, a review of RVIA data reveals. The product category experiencing the most robust recovery is conventional travel trailers of which 114,300 units were shipped from... Read more

Winnebago’s Profits Are Up, Stock Price Down

December 18, 2002 by · Leave a Comment 

Winnebago Industries Inc. reported today (Dec. 18) that it earned more money during its first fiscal quarter than Wall Street expected, but the company’s stock price fell $4.83 a share, or almost 11%, to close at $40.84 in New York Stock Exchange trading. Market analyst Schaeffer’s Investment Research described Winnebago’s stock price decline as “strange.” Winnebago’s net earnings for the three months ended Nov. 30 were up 52% over the same period a year ago on record sales for the September-through-November... Read more

Luxury RV Park Included in Dallas Raceway Plans

December 17, 2002 by · Leave a Comment 

A luxury RV resort is among the amenities planned for a new raceway proposed for Waxahachie, Tex., which is south of Dallas, according to the Dallas Morning News. The new development, called Boundless Motorplex, would be on 1,420 acres and would include a grand prix-style road-race course along with five motocross tracks and a lake for personal watercraft and powerboat races, the newspaper reported. The $100 million project is scheduled to open in 2004 and would include seating for 100,000 race fans. A... Read more

ARVC Awards Presented

December 17, 2002 by · Leave a Comment 

Several campground operators, state associations and industry officials were honored last month for their promotional efforts and work on behalf of the campground sector. The National Association of RV Parks & Campgrounds (ARVC) presented the following awards during its annual InSites 2002 Convention and Expo in Memphis, Tenn.: • Brochure of the Year: Garden of the Gods Campground, Colorado Springs, Colo. • Direct Mail Promotion of the Year: BethPage Camp Resort, Urbana, Va. • Website... Read more

Fleetwood’s Louisville Sales Up 27%

December 17, 2002 by · Leave a Comment 

Fleetwood Enterprises Inc. reports it wrote $110 million worth of orders during the RV industry’s National Trade show in Louisville earlier this month, a 27% increase over last year’s show. Fleetwood’s Coleman folding camper/expandable travel-trailer operation was among the contributors to the increase. Its orders were “almost double last year’s,” said Larry Marsh, vice president and general manager of Coleman. At Louisville, Coleman had three new floorplans on display, including the... Read more

Motorhome Retail Up 12% in October

December 17, 2002 by · Leave a Comment 

Retail sales of Class A and Class C motorhomes, combined, were up 12.1% when October of this year is compared with October 2001, according to Statistical Surveys Inc., an independent market research firm. Class A retail sales were up 11.8% in October to 2,738 units sold by dealers in the 44 states from which Statistical Surveys was able to gather data. Statistical Surveys was unable to gather sales data from Alaska, Massachusetts, New Hampsire, Oklahoma and South Carolina in time for its report and... Read more

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