Molino Warns Against Complacency

January 28, 2004 by · Leave a Comment 

The RV industry has a lot of things going in its favor now, but Recreation Vehicle Dealers Association (RVDA) President Mike Molino warns against allowing a sense of complacency to set in. Molino addressed what he believes the industry needs to do to stay healthy in the current edition of RV Executive Today, the RVDA’s monthly magazine. He wrote the following. “We have a whole bunch of new potential customers, good economic conditions, low interest rates and available fuel supplies. “What could... Read more

Marathon Exceeds $100 million in Sales

January 28, 2004 by · Leave a Comment 

Luxury bus converter Marathon Coach Inc. posted record sales revenue of more than $100 million during 2003, the Coburg, Ore.-based firm announced. Last year was the first time in Marathon’s 20-year history that it exceeded $100 million in sales and the accomplishment was the result of strong new and preowned coach sales, said Steve Schoellhorn, executive vice president. Marathon anticipates continued growth and plans to increase production levels up to 20% over the next two years. In 2004, it plans... Read more

Fed Leaves Rates Unchanged

January 28, 2004 by · Leave a Comment 

The Federal Reserve decided again today (Jan. 28) to leave interest rates unchanged at their historically low levels, apparently assuming the U.S. economy has entered an era that the Wall Street Journal recently described as the “Goldilocks” economy — not too hot, not too cold. As a result of the Fed’s inaction today, it can be assumed that lenders will keep their prime rates, to which RV-dealer and consumer-loan rates are pegged, at 4%, the lowest level for the prime since 1958. The... Read more

Newmar to Add Chassis Prep Plant

January 28, 2004 by · Leave a Comment 

Highline Class A motorhome and fifth-wheel manufacturer Newmar Corp. will be adding a 130,000-square-foot chassis preparation facility to its complex in Nappanee, Ind., following the town’s annexation of acreage purchased by Newmar in 2003. “We bought around 70 acres last year,” Newmar President Dick Parks said. “There were three separate pieces. Currently, we are asking for annexation into the city of two of the parcels, one around 20 acres and the other 40 acres. We are planning on building... Read more

New <i>TL Directory</i> Available

January 27, 2004 by · Leave a Comment 

More than 12,000 RV parks with over 1 million spaces are included in the 2004 edition of the Trailer Life Campground, RV Parks & Services Directory and the companion Trailer Life Campground Finder CD-ROM that are now on bookstore shelves and online stores. “The TL Directory is more than a handy resource for RVers, it is a necessary tool for the road,” said Joe Daquino, Multimedia Division vice president for Affinity Group Inc. (AGI) and publisher of the TL Directory publisher. RV parks and... Read more

Thor Stock to Open at $30.92 per share

January 27, 2004 by · Leave a Comment 

Thor Industries Inc.’s stock will open today’s (Jan. 27) New York Stock Exchange trading session at around $30.92 a share because a 2-for-1 split of the company’s stock took effect after the close of trading Monday (Jan. 26). Thor stock closed at $61.85 a share on Monday. The split means the number of outstanding Thor shares was doubled to around 57.6 million. Thor’s Board of Directors also has given the company’s management authorization to increase the number of outstanding shares to... Read more

Generac Looks to Grow Its RV Sales

January 27, 2004 by · Leave a Comment 

Selling more generators to RV builders is one of the reasons why Generac Power Systems Inc. is expanding its Whitewater, Wis., production plant, according to Jon Vyn, vice president of RV sales for Generac’s Guardian brand. The expansion of the Whitewater plant, located southwest of Milwaukee, will allow for a fourfold increase in output from the factory, said Roger Schaus, vice president of operations at the plant. Construction should be completed in late April and the new portions of the facility... Read more

RV Oven Shortage Persists

January 27, 2004 by · Leave a Comment 

The RV oven shortage, which has frustrated RV manufacturers since November, is not getting any better, according to Carl Pfalzgraf, executive vice president of sales and marketing at Atwood Mobile Products, a major oven supplier. “It’s not a pretty picture,” Pfalzgraf said today (Jan. 27). “It’s not any better than it was two (or) three weeks ago.” He said oven valve and thermostat supplier Harper-Wyman is continuing to struggle. “It’s an absolute mess,” he said. Because... Read more

Onan Looking to Grow In Towables

January 27, 2004 by · Leave a Comment 

Onan Corp., a subsidiary of Cummins Inc., is looking to expand its power generation business in the towable RV sector, Cummins reported today (Jan. 27). In RVs, power generators have traditionally been used mainly in the motorhome segment, but Minneapolis-based Onan has found the buyers of ramp trailers, also called sport utility trailers (SUTs), to be receptive to the concept of having generators in towables, said Karen Zellner, RV marketing manager at Onan. “They (SUT) buyers, are the early adopters... Read more

Another Town Mulls RV Parking Limits

January 26, 2004 by · Leave a Comment 

Add Woodland, Calif., near Sacramento, to the communities looking to limit the rights of RV owners to park their rigs on their properties, according to the Daily Democrat of Woodland. Currently, Woodland residents can park their RVs, boats or other types of trailers on their front yards on gravel, pavement or grass. But after months of review, Woodland officials are considering tightening their ordinance to require that RVs, boats and other trailers be parked only on pavement, continuous brick or... Read more

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