Monaco to Pay Its First Dividend

February 23, 2004 by · Leave a Comment 

Monaco Coach Corp., the leading diesel pusher motorhome manufacturer, announced today (Feb. 23) that it would pay its first-ever dividend to shareholders about three weeks from now. The New York Stock Exchange-listed company will pay a 5 cents-per-share cash dividend on March 18 to shareholders of record as of March 4. Monaco has about 28.6 million shares outstanding, so its first regular cash dividend payout will amount to a little more than $1.4 million. “We believe that a consistent dividend... Read more

RV and Supplier Firms to State Their Case

February 23, 2004 by · Leave a Comment 

Executives from two RV manufacturing companies and from two major RV industry supplier firms will make presentations during an institutional investors conference on Thursday (Feb. 26) because they believe their stocks currently are undervalued by the market. Presentations will be given by executives from Monaco Coach Corp., Winnebago Industries Inc. Spartan Motors Inc., and Drew Industries Inc. during the Robins RV Roadshow – an Institutional Equity Conference. Recreational Vehicle Industry Association... Read more

Trouble Shooter Clinic Has New Site

February 23, 2004 by · Leave a Comment 

The next Recreation Vehicle Industry Association (RVIA) Trouble Shooter Clinic will take place March 15-19 at the Century Center in downtown South Bend, Ind. Originally, the clinic was scheduled for the Ivy Tech State College in Elkhart, Ind., but that facility was not available. Through 40 hours of intensive classroom training and hands-on experience, Trouble Shooter Clinics help technicians sharpen their skills to diagnose and repair most major RV component parts and fix them correctly on the first... Read more

Quartzsite Had a Good 2004

February 23, 2004 by · Leave a Comment 

The desert community of Quartzsite, Ariz., a mecca for RVers in January and early February with flea markets and RV, rock-and-gem and classic carshows, drew well over 150,000 visitors this year. “Business had declined over the last several years, but this was a good year,” said Ken White, president of the not-for-profit Quartzsite Improvement Association (QIA), which sponsored the QIA Pow Wow, Jan. 28-Feb. 1, a gem show with 500 vendors that drew an estimated 150,000 people. “Our vendor and... Read more

Winnebago Maintains Motorhome Leadership

February 20, 2004 by · Leave a Comment 

Winnebago Industries was the market share leader for the third consecutive year in 2003, when the Class A and Class C motorhome categories are combined. Winnebago achieved the distinction because of the robust sales of its gas-engine models, the company reported. Citing Statistical Surveys Inc. data, Winnebago had a leading 19% share of the combined Class A and Class C market. Its dealers sold a total of 10,669 units last year. In Class C’s, Winnebago has been the retail market share leader the... Read more

Sunline Bought by Investor Group

February 20, 2004 by · Leave a Comment 

Sunline Coach Co., a 40-year-old, award winning travel trailer and fifth-wheel manufacturer, plans to grow as a result of an influx of capital from an investor group that acquired the firm effective Tuesday (Feb. 17), according to Dale Zimmerman, who was president under the previous ownership. Dale Zimmerman will remain with Sunline as a member of its senior management team. His responsibilities will be equivalent to those of the vice president responsible for manufacturing and purchasing. The new... Read more

KVH Reports 50% RV Market Growth

February 20, 2004 by · Leave a Comment 

KVH Industries Inc., a supplier of mobile satellite communications products, reports its RV and marine sales have grown by 50%, but the company still reported net losses for the fourth quarter and all of 2003. The company reported record sales of $15.7 million for the fourth quarter and $56.7 million for the year, but it posted a net loss of $1.6 million for the quarter and a net loss of $1.5 million for the year. The company incurred the losses because of “the absence of an anticipated large order... Read more

Learning Center to Offer First Webcast

February 20, 2004 by · Leave a Comment 

A seminar titled “The ABCs of Regulation Z” will be webcast on March 15 by the Recreation Vehicle Dealers Association (RVDA) Learning Center. It will be the Learning Center’s first webcast and will feature Jan Kelly, president and CEO of Kelly Enterprises, a training and development company dedicated to increasing the quality of business management and professional practice of sales personnel. The 90-minute program will help dealers in their efforts to comply with proper disclosures on finance... Read more

Fire Damages Georgia RV Customizer

February 20, 2004 by · Leave a Comment 

A fire last Sunday (Feb. 15) destroyed one of the buildings used by RV customizer Coachcraft by MacDonald, but the firm continued its operations, according to the Columbus, Ga. Ledger Enquirer. “I just want to be sure we get the word out that we are in business and will continue to stay in business,” said owner Brad MacDonald. The intense fire, sparked just after 1 a.m., destroyed six of nine RVs, MacDonald told the newspaper. Five of the large motorhomes valued between $200,000 and $300,000... Read more

Show Season Sales Robust

February 19, 2004 by · Leave a Comment 

Retail sales at RV shows around the country this winter have been strong, according to the Recreation Vehicle Industry Association (RVIA). “We had more young families attend than ever before and they came ready to buy,” Steve Cody of Delcreek Promotions said about his company’s show in Spokane, Wash. “Sales were up 20% over last year’s.” Sales “were just phenomenal” at Mac Events show in New Jersey, according to Jim McLaughlin. “Everything was selling, from entry-level units... Read more

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