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DURA Automotive Reports Net Loss for 3Q

October 29, 2004 by · Leave a Comment 

DURA Automotive Systems Inc., parent of RV industry suppliers Atwood Mobile Products and Creation Group, today (Oct. 28) reported a net loss of $2.7 million for its third quarter. The Rochester Hills, Mich.-based company cited rising steel prices, a tightening automotive market and facility consolidation costs, including the closure of four U.S. plants. “As we expected, this was a challenging quarter for the automotive industry with elevated steel pricing and softening North American production... Read more

Fleetwood’s Sales Up, RV Sector ‘Flat’

October 29, 2004 by · Leave a Comment 

Fleetwood Enterprises Inc., Riverside, Calif., announced today (Oct. 29) a 6% increase in revenues for the company’s fiscal 2005 second quarter, ended Oct. 24, despite a softening in the RV sector. “The RV industry has recently seen some signs of retail slowing,” Fleetwood’s President and CEO Ed Caudill said. “We think that this is a temporary condition that is partly weather-related and partly the result of weakened consumer confidence.” In the preliminary report,... Read more

RV Shipments Increase 5.6% in September

October 29, 2004 by · Leave a Comment 

Fifth-wheel shipments rose 22.4% in September while most sectors held steady or posted modest gains for the month compared to 2003, according to the latest wholesale shipment report from the Recreation Vehicle Industry Association (RVIA). Overall, RV shipments were up 17.5% for the first nine months of 2004 to 289,400 units and showed a 5.6% increase to 28,400 units for September compared to 26,900 units in 2003. For the year, towable shipments increased 16.3% to 233,100 units while motorhomes are... Read more

Monaco Sees Comparable Sales in 2005

October 29, 2004 by · Leave a Comment 

Monaco Coach Corp. executives believe the number of RV units sold industrywide in 2005 will be about equal to the number sold during 2004. They also feel the Coburg, Ore.-based company will continue gaining market share in gas engine Class A motorhomes and towable RVs, and regain some of the market share it recently lost in rear-diesel Class A’s. During a conference call with investment analysts first webcast on Wednesday (Oct. 27), Monaco Chairman and CEO Kay Toolson said he did not agree with... Read more

Heartland RV Moves, Expands Operations

October 29, 2004 by · Leave a Comment 

Newcomer Heartland Recreational Vehicles LLC is moving operations to a larger facility, according to a report in the Elkhart Truth. Elkhart, Ind.-based Heartland, which began production of its high-end Landmark fifth-wheel series early this year, is purchasing a 50,000-square-foot facility that formerly housed park-model manufacturer Palm Aire Inc. The company hopes to take possession of the 2-year-old building, which sits on eight acres, in two weeks and move within 45 to 60 days. Previously, Heartland... Read more

Coachmen’s Coleman Investment Well-timed

October 28, 2004 by · Leave a Comment 

The RV industry’s recent slowdown “actually underscores the merit” of Coachmen Industries Inc.’s decision to invest in two long-term growth initiatives: the acquisition of a factory for building the new Coleman by Coachmen product series and the opening of a West Coast service center in Southern California, according to Claire Skinner, the company’s chairman and CEO. Launching the Coleman by Coachmen series and opening the West Coast service center “will serve to strengthen the company’s... Read more

Spartan Sets Quarterly Record for Net Sales

October 28, 2004 by · Leave a Comment 

Chassis builder Spartan Motors Inc. today (Oct. 28) announced record sales and a 29.5% increase in net income for the third quarter behind strong performances in the company’s RV and fire-truck sectors. The Charlotte, Mich., manufacturer reported net sales of $91.7 million in the quarter, up 50.8% compared to net sales of $60.8 million during the same period in 2003. Spartan posted net earnings of $1.9 million for the current third quarter versus $1.5 million for the third quarter of 2003. Sales... Read more

Distance Learning Seminar Set for Louisville

October 28, 2004 by · Leave a Comment 

A free seminar for RV manufacturers and suppliers on how to present training for their products on the RV Service Training Council’s (RVSTC) Distance Learning Network has been scheduled during the 42nd Annual RV Trade Show in Louisville, Ky. “We’ve talked to people who have had some interest in providing training on the network, but are unsure how to approach it,” said Bruce Hopkins, Recreation Vehicle Industry Association (RVIA) vice president of standards and education,... Read more

Florida Hurricanes Affect Featherlite Sales

October 28, 2004 by · Leave a Comment 

Bus-conversion motorhome and specialty aluminum-trailer and transporter manufacturer Featherlite Inc. today (Oct. 28) reported a slight decline in sales revenue for the third quarter because of a 27% decrease in motorcoach sales. The Cresco, Iowa-based company reported that motorcoach-related sales, service and manufacturing facilities in Florida were “disrupted for significant periods during each of the hurricanes in Florida as business throughout the state was impeded.” Featherlite... Read more

Carefree Building Distribution Warehouse

October 28, 2004 by · Leave a Comment 

RV supplier Carefree of Colorado will break ground in December on a 44,000-square-foot warehouse in Elkhart, Ind., for distribution of the Broomfield, Colo., company’s awnings and other RV products. According to the Elkhart Truth, the new building will replace a 10,000-square-foot warehouse in nearby Goshen, Ind. Workers will be transferred when the facility opens in spring, said Brian Lewis, Midwest operations manager for Carefree. Lewis said 70% of the company’s market is in the Elkhart County... Read more

Monaco Reports Record Sales Revenue

October 27, 2004 by · Leave a Comment 

Monaco Coach Corp. reported record third quarter sales of $358.9 million and an almost 19% increase in net earnings, while sales revenue for the first nine months topped the $1 billion mark. The Coburg, Ore. company also reported it had lowered production rates to avoid the accumulation of excess inventories. “Competition in the motorhome industry remains very intense,” said Kay Toolson, chairman and CEO of the firm, which is the leading producer of diesel-pusher Class A motorhomes. “Discounting... Read more

REDEX to Launch Private Label Towable Line

October 27, 2004 by · Leave a Comment 

The Recreation Vehicle Dealers Exchange (REDEX), a 50-dealer buying cooperative with 88 stores and annual sales of more than $1.5 billion, intends to introduce a high-end private-label towable RV line early next year. REDEX founder and President Paul Skogebo, president of Robert Crist and Company RV, Mesa, Ariz., said the plan to create a private-label RV brand will be presented to REDEX members for final approval during a meeting Nov. 30 at the 42nd National RV Trade Show in Louisville, Ky. “The... Read more

Family-Owned Louisiana Dealership Closing

October 27, 2004 by · Leave a Comment 

Baton Rouge, La., dealership Coleman RV will be closing as part of a liquidation process by the Coleman family following the death of founder Robert E. Coleman Sr. in December. According to the Baton Rouge Advocate, Coleman RV will sell two vehicle lines to Dixie RV Superstores, also of Baton Rouge. Dixie RV Superstores is based in Newport News, Va., and has two locations in Louisiana. In addition to the RV business, the Coleman family also sold a Toyota car dealership and an Isuzu truck dealership.  Read More →

Florida Tourist Spots Battle ‘Misconceptions’

October 27, 2004 by · Leave a Comment 

Traditional tourist destinations in Florida, the Caribbean and Alabama that were unaffected by the recent spate of hurricanes are battling a serious image problem, according to a recent report by the Associated Press. Andy Newman, who handles public relations for the Florida Keys, said in the AP report he was fighting “a huge misperception around the country that the Florida Keys were devastated when they are not. We have absolutely no lingering damage.” He said many TV viewers saw footage... Read more

Jayco Expands Operations into Western U.S.

October 27, 2004 by · Leave a Comment 

Middlebury, Ind.-based Jayco Inc. announced today (Oct. 27) the company has finalized plans to expand its towable manufacturing operations into the Western United States with the lease of an existing 154,000-square-foot facility in Twins Falls, Idaho. According to a press release, the plant initially will house operations for Jayco’s Jay Flight travel trailers and fifth-wheels. Company officials said production was scheduled to begin in early 2005 and that as many as 80 jobs would be created by... Read more

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