Holiday RV Expects $15.7 million Loss

January 31, 2003 by · Comments Off on Holiday RV Expects $15.7 million Loss 

Dealership chain Holiday RV Superstores Inc. expects to report a net loss of around $15.7 million for its fiscal year 2002, which ended Oct. 31, according to a Securities & Exchange Commission (SEC) filing by the company. Today (Jan. 31) is the deadline for Holiday RV, a Nasdaq Stock Market-listed company, to file a full financial report with the SEC. However, the company informed the SEC that it could not file its full report on time without “unreasonable effort or expense.” Consequently,... Read more

Koyote Ranch Project Under way

January 31, 2003 by · Comments Off on Koyote Ranch Project Under way 

Work is under way by Dallas-based developer DalMac Investment Corp. on Koyote Ranch, a high-end RV campground and resort near San Antonio, according to the San Antonio Express-News. Koyote Ranch, which will include 50 RV sites along with 50 cabins and 50 tent camping sites, is scheduled to open around Labor Day, the newspaper reported. “It’s the next generation of outdoor entertainment,” said DalMac President Brad McJunkin. “It will have aspects of a campground, an RV park, a bed-and-breakfast... Read more

Winnebago Promotes Barker, Martin

January 31, 2003 by · Comments Off on Winnebago Promotes Barker, Martin 

Winnebago Industries Inc. announced it promoted Ed Barker to the newly created position of senior vice president and CFO, and Roger Martin to the position of vice president of sales and marketing. Martin, who had been Winnebago’s director of marketing since 1994, replaces Jim Jaskoviak, who retired effective Jan. 10. “Roger is extremely familiar with our sales and marketing strategies and has developed close working relationships with our dealer partners,” said Bruce Hertzke, chairman, president... Read more

E-commerce Important to Campgrounds

January 31, 2003 by · Comments Off on E-commerce Important to Campgrounds 

Campgrounds across the country are increasingly using computerized reservation systems and websites for management and marketing purposes, according to the 2002 National Operations and Economic Survey of the RV Park and Campground Industry, published by the National Foundation for RVing and Camping. The foundation is an affiliate of the National Association of RV Parks & Campgrounds (ARVC), Falls Church, Va. The survey found that 50% of campgrounds and RV parks were using computerized reservation... Read more

Fleetwood Reports RV Dealers Now Cautious

January 30, 2003 by · Comments Off on Fleetwood Reports RV Dealers Now Cautious 

Fleetwood Enterprises Inc.’s RV sales revenue grew by 11% in the three-month period that ended Sunday (Jan. 26), but the company also reports that its positive momentum has slowed. Fleetwood’s total sales revenue, including manufactured home building and retailing, declined 6% in the three months ended Jan. 26, to $493 million. However, its RV-related sales revenue grew by 11% in the November-through-January period to $309 million, compared with $278 million for the same period a year-earlier. Fleetwood’s... Read more

Fleetwood Profit Outlook Uncertain

January 30, 2003 by · Comments Off on Fleetwood Profit Outlook Uncertain 

Fleetwood Enterprises Inc. executives had forecasted that the company would report a loss for the November-through-January period, but today (Jan. 30) they said the loss will be greater than they had suggested. Additionally, President and CEO Ed Caudill said the company’s return to profitability during the February-through-April period, its fourth fiscal quarter, “is now in doubt.” The caution recently shown by RV dealers in ordering new product and the continuation of challenges impacting... Read more

Norm Frohreich Joins Jayco

January 30, 2003 by · Comments Off on Norm Frohreich Joins Jayco 

Norm Frohreich, a 35-year RV industry veteran, has joined Jayco Inc. as vice president of towables sales and marketing. He will be responsible for sales, marketing and product management for all towable products, according to Jayco President and COO Derald Bontrager. Most recently, Frohreich has worked for consulting firm Spader Business Management and, previously, he owned and operated Norlander Information Services, a consulting firm serving RV dealers and manufacturers. Frohreich has held management... Read more

Dicor Buys Patrick’s United Shade

January 30, 2003 by · Comments Off on Dicor Buys Patrick’s United Shade 

RV and custom vehicle industry supplier firm Dicor Corp. has acquired the United Shade Division of Patrick Industries Inc., the South Bend (Ind.) Tribune reported. Terms of the transaction involving the two Elkhart, Ind. firms were not revealed. United Shade manufactures and distributes window coverings for the RV and leisure boat industries. Its products include pleated shades, pleated doors, windshield wraps and miniblinds. “We are pleased to add United Shade and its employees to the Dicor family,”... Read more

Marathon Coach Cautiously Optimistic

January 29, 2003 by · Comments Off on Marathon Coach Cautiously Optimistic 

Highline motorcoach manufacturer Marathon Coach Corp., Coburg, Ore., is “optimistic but cautious” about the market for 2003, Executive Vice President Steve Schoellhorn told the Register-Guard of Eugene, Ore. “There’s still some question marks about the economy,” Schoellhorn said in explaining the company’s outlook. Marathon, which believes it is the largest converter of Prevost bus chassis, achieved almost $90 million in sales revenue in 2002, Schoellhorn said. That sales level was “steady,”... Read more

E*TRADE’s Ganis to Launch New Programs

January 29, 2003 by · Comments Off on E*TRADE’s Ganis to Launch New Programs 

Ganis Credit Corp. has lowered its dealer buy rate twice since it was acquired on Dec. 23 by E*TRADE Group Inc., and new loan products and services are being developed for RV dealers and manufacturers, according to Mitch Shatzen, director of marketing, recreation loan products, for E*TRADE. E*TRADE paid $101 million to buy Ganis from Germany’s Deutsche Bank AG, which demonstrates E*TRADE is committed to maintaining Ganis as a major provider of retail loans marketed through RV dealers and manufacturers,... Read more

Cummins’ Engine Business “Dramatically Improved”

January 29, 2003 by · Comments Off on Cummins’ Engine Business “Dramatically Improved” 

Cummins Inc., the primary supplier of diesel engines to the motorhome sector, reports its engine business “dramatically improved” in 2002 despite a fourth-quarter loss. However, the company, also a supplier of Onan generators, reports its power generation business unit incurred a loss of $27 million before interest expenses and income taxes during 2002. Cummins’ power generation business earned $81 million before interest and taxes in 2001. Power generation lost money because of “a severe... Read more

Fed. Leaves Interest Rates Unchanged

January 29, 2003 by · Comments Off on Fed. Leaves Interest Rates Unchanged 

Despite worries that the economy is sliding back into recession, the Federal Reserve Board decided today (Jan. 29) to leave interest rates unchanged. Consequently, the prime rate, to which many RV dealers’ inventory finance loans are pegged, remains at 4.25%, its lowest level since 1958. Only two years ago, the prime rate was 8.5%. While some economists believe the Fed. should cut rates again to avoid a recession, others worry that federal deficits resulting from the war on terrorism and possible... Read more

RVers Taking Safe Driving Seriously

January 28, 2003 by · Comments Off on RVers Taking Safe Driving Seriously 

Attendance at the Good Sam VIP RV Safety Rally this week in Palm Springs, Calif., seems to indicate RVers take safe driving seriously . The first safety rally session began Sunday (Jan. 26) and concludes Wednesday (Jan. 29). The second session will begin Wednesday and conclude on Saturday (Feb. 1). It still is possible to register for the second session. The training is being hosted by Affinity Group Inc. (AGI), parent of the Good Sam Club, along with GMAC Insurance. Good Sam VIP is a full-coverage... Read more

Monaco Sales/Earnings Soar Higher

January 28, 2003 by · Comments Off on Monaco Sales/Earnings Soar Higher 

Maybe investors will take a different look at Monaco Coach Corp. stock in light of the sharply higher earnings report the New York Stock Exchange-listed company issued today (Jan. 28)? The price of Monaco stock fell to new 52-week lows late last week and on Monday (Jan. 27), but the company reported today that its net earnings increased 59% during the fourth quarter and 79% for all of 2002. Monaco earned $12.1 million during the three months ended Dec. 28, compared with $7.6 million earned a year... Read more

Monaco Lays Off Workers in Oregon

January 28, 2003 by · Comments Off on Monaco Lays Off Workers in Oregon 

Although Monaco Coach Corp. shipped 18% more motorhomes and towable RVs in 2002 than it did in 2001, the Coburg, Ore. company recently announced a layoff of 115 workers from jobs at its plant in Bend, Ore. The plant, located about 115 miles east of Coburg, produces the Beaver brand of highline motorhomes. Workers were building 10 units a week in Bend, but output has been lowered to six units a week to better reflect consumer demand, according to Kay Toolson, chairman and CEO. In 2002, Monaco “worked... Read more

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