‘RV Rescue’ Debuts at Redmond Rally

July 27, 2005 by · Leave a Comment 

Elkhart, Ind.-based Dometic Corp. and a growing number of industry sponsors unveiled a unique “RV Rescue” consumer promotion at Affinity Group Inc.’s (AGI) Great North American RV Rally (GNAR), July 11-14 in Redmond, Ore., before a record Central Oregon crowd that included 5,612 coach owners. The promotion will culminate with a free, full-scale RV makeover to be performed during the 2006 Great North American RV Rally – recently renamed “The Rally” – slated for April... Read more

Lazydays’ Don and Erika Wallace Honored

July 26, 2005 by · Leave a Comment 

Tampa, Fla., Mayor Pam Iorio proclaimed April 7, 2005 as “Don and Erika Wallace Day,” to honor the couple for their philanthropic activities and efforts. The Wallace family founded Tampa-area dealership Lazydays RV Supercenter.   According to a press release, the city recognizes local individuals whose commitment and dedication have made a lasting impact on the Tampa Bay community and its citizens. Through the Don and Erika Wallace Family Foundation, the couple has invested in programs... Read more

Motley Fool: Fleetwood Getting Fleeter

July 26, 2005 by · Leave a Comment 

Fleetwood Enterprises Inc. has been on the investment community’s radar for years. But the Riverside, Calif., publicly owned company’s recent troubles may have turned the spotlight up a few notches. In a recent installment by The Motley Fool, a popular investment column penned by Rich Smith, Fleetwood’s widespread changes and the candor demonstrated by recently named President and CEO Elden Smith were applauded. The following is Smith’s column that ran on July 25: About the only thing I dislike... Read more

Spherix Refiles Protest on Federal Contract

July 26, 2005 by · Leave a Comment 

Spherix Inc. of Beltsville, Md., recently filed a protest against the Agriculture Department’s re-award of its single federal recreation information and reservation service to ReserveAmerica of Ballston Spa, N.Y., according to a report in Government Computer News. The Forest Service awarded the $97 million National Recreation Reservation System contract last month to ReserveAmerica, a subsidiary of Ticketmaster, for the second time. The Government Accountability Office (GAO) last December supported... Read more

Thor Industries Promotes Airstream’s Riegel

July 26, 2005 by · Leave a Comment 

Thor Industries Inc. announced today (July 26) a reorganization of its management team, including the promotion of Richard E. Riegel from president of subsidiary Airstream Inc. to group president of Thor. In a press release, the Jackson Center, Ohio-based recreational vehicle and bus builder said the moves were designed to “accelerate its growth and leadership in its two industries.” Thor companies that will report to Riegel include: Airstream, Thor California Inc., Komfort Corp., CrossRoads... Read more

Patrick Reports Slight Increase in 2Q Sales

July 26, 2005 by · Leave a Comment 

Recreational vehicle and manufactured housing component supplier Patrick Industries Inc. reported a slight increase in sales for the company’s second quarter while earnings were impacted by market pressures in the RV industry. Second quarter sales increased to just over $78.64 million from $78.62 million last year. For the six month-period, sales rose 9.7% to $158.4 million versus $144.3 million in the year prior. Net income for the second quarter decreased to $238,000 from $555,000 in the previous... Read more

Campers Help Fuel RV Sales in Michigan

July 25, 2005 by · Leave a Comment 

Camping is on the rise in Michigan, which is helping to pump up sales this summer at recreational vehicle dealerships, according to an Associated Press report. John Korpal, owner of Tri-City RV in Bay County, reported selling 88 new and used vehicles so far this year, including 20 in June alone. They sold 75 all of last year. Korpal said he’s been selling more entry-level units and seeing more first-time campers. Average per-unit sales this year are about $11,000, compared with about $19,000... Read more

Native Americans Target RV Community

July 25, 2005 by · Leave a Comment 

Native Americans are increasing efforts to gain a foothold in the tourism business, according to a report in the Albuquerque (N.M) Journal. If American Indians don’t exploit this potential gold mine, someone else will do it for them, former Colorado Sen. Ben Nighthorse Campbell told about 100 attendees at the debut conference on “Indian Tourism As a Business Opportunity” at Santa Fe’s Institute of American Indian Arts. The conference presented workshops on integrating native... Read more

Hersheypark Readies for PRVCA Show

July 25, 2005 by · Leave a Comment 

Hershey, Pa., is preparing for the thousands of recreational vehicle enthusiasts that will be attending September’s 37th Annual Pennsylvania RV & Camping Show. The event, managed by the Pennsylvania Recreation Vehicle and Camping Association (PRVCA), will run September 12-18 at the Hersheypark Entertainment Complex. Previously held at the Pennsylvania State Farm Show Complex, this marks the first year the show will be held in Hershey. “The move offers an exciting opportunity for... Read more

Stat Surveys: May Towable Sales Fall 10%

July 25, 2005 by · Leave a Comment 

Towable sales declined 10.4% in May, marking the second straight month retail registrations lagged behind last year’s pace, according to Statistical Surveys Inc. All towable sectors dipped during May, pulling year-to-date sales below 2004 for the first time this year. Overall towable sales for the first five months were down 1.4% to 108,440 units compared with 110,002 last year. For the month, 27,814 units were sold versus 31,053 in 2004. May also signaled the first month that travel trailer sales... Read more

Coachmen Reports $1.5 Million 2Q Loss

July 25, 2005 by · Leave a Comment 

Coachmen Industries Inc. today (July 25) reported a nearly 10% decrease in revenues and a net loss of $1.5 million for its second quarter, confirming earnings estimates issued in a preliminary report July 11. Claire C. Skinner, chairman and CEO for the Elkhart, Ind-based builder, noted, “As mentioned in our release of July 11, we had expected to see improvements in both our RV and housing and building markets during the second quarter, which did not occur. Accordingly, we implemented a number... Read more

Indiana Governor Under Fire for Use of RV

July 22, 2005 by · Leave a Comment 

Indiana Gov. Mitch Daniels’ visit this week to a Republican fund-raiser in the recreational vehicle he uses as an extension of his office has Democrats calling for an investigation, according to a report in the Louisville (Ky.) Courier Journal. But the governor’s press secretary said yesterday (July 21) that Daniels did nothing wrong, and a top Republican called any suggestion otherwise “ridiculous and political posturing of the worst kind.” Indiana Democratic Party Chairman... Read more

Buffett’s Presence ‘Adds Prestige to Industry’

July 22, 2005 by · Leave a Comment 

The announced acquisition of Elkhart, Ind.-based Forest River Inc. by Berkshire Hathaway, the holding company headed by billionaire Warren Buffett, is being viewed as a shot in the arm for the industry, according to a report in the Elkhart Truth. “To have somebody like Warren Buffett look at your company I think is very complimentary to your leadership,” said Bill Bradley, executive director of the Economic Development Corp. of Elkhart County. “It has the potential to be very positive... Read more

Airstream Rolls Out New Safari SE Floorplan

July 22, 2005 by · Leave a Comment 

Airstream for 2006 will debut a new 25-foot front-bedroom, rear-entry Safari Special Edition (SE) trailer floorplan that features a walk-around queen bed. The Safari SE floorplan was previewed at the Thor Industries Inc. subsidiary’s Annual Meeting and New Model Introduction June 15-17 at Caesar’s Palace, Las Vegas, Nev. Now available in three 19- and 25-foot floorplans, the Safari SE sports an aluminum interior, exterior and superstructure. With new optional wraparound rear windows and... Read more

E-Trade to Sell RV Lending Operations

July 22, 2005 by · Leave a Comment 

Online financial services firm E-Trade Financial Corp. is in the process of selling its RV and marine lending operations while also exiting the hybrid trading business. The announcement was included in the firm’s second quarter earnings report. E-Trade representatives contacted by RV Business were unable to comment on the negotiations. E-Trade entered the RV lending arena in January 2003 with the purchase of Ganis Credit Corp., a subsidiary of Germany’s Deutsche Bank AG. According to the company’s... Read more

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