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Stag-Parkway Offers ‘Solutions’ at Confab

January 31, 2006 by · Leave a Comment 

Dealers were upbeat about the potential for 2006 as aftermarket distributor Stag-Parkway Inc. hosted about 700 people representing some 600 RV dealerships during its annual trade show – Business Solutions 2006 – Jan. 16-18 at the Henry B. Gonzalez Convention Center in San Antonio, Texas. “Dealer attitudes were positive about the business prospects for 2006, mainly because most of them had a positive 2005,” Mike McKay, vice president of sales and marketing for the suburban Atlanta,... Read more

Foretravel Adds Elkhart Retailer to Network

January 31, 2006 by · Leave a Comment 

Total Value RV is the new dealer of Foretravel motorcoaches for the entire Great Lakes Region, the fifth dealer to sign since the Nacogdoches, Texas, high-end motorhome builder was acquired by new management about a year ago. As a Foretravel dealer, Elkhart, Ind.-based Total Value will serve customers in Indiana, Ohio, Michigan, Illinois, Wisconsin and part of Kentucky. “We are geared to the Class A market,” said John Whalen, sales manager at Total Value, noting the retailer also handles... Read more

Consumer Confidence Hits Three-Year High

January 31, 2006 by · Leave a Comment 

U.S. consumer confidence improved for the third straight month in January, and hit its highest level in more than three years, a private research group said Tuesday (Jan. 31). CBS MarketWatch reported that the Conference Board said its consumer confidence index jumped to 106.3 in January from a revised 103.8 in December. It’s the highest level since June 2002, just slightly stronger than the previous peak of 106.2 hit in June 2005. The index is closely watched by the recreational vehicle industry... Read more

Fleetwood Idles Pa. Facility for Two Weeks

January 31, 2006 by · Leave a Comment 

Fleetwood Enterprises Inc. is idling its plant in Paxinos, Pa., for two weeks while eliminating seven white-collar positions, according to a report in the Sunbury Daily Item. The shutdown began Monday (Jan. 30) and affects all of the 525 workers at the facility, which produces gas-powered motorhomes. The temporary closing comes a month after 175 workers were laid off at the plant due to declining sales. Such shutdowns happen almost every year, due to seasonal slowdowns in RV sales, noted Fleetwood... Read more

Coachmen Intent on Improving Profits in ’06

January 31, 2006 by · Leave a Comment 

Coachmen Industries Inc. projects a “flat” sales year in 2006 with revenue from continuing operations in the range of $710 million to $750 million. The manufacturer of recreational vehicles and manufactured housing still faces “considerable weakness in the RV market, particularly motorized products,” Claire C. Skinner, chairman and CEO, said during a webcast news conference today (Jan. 31). Commenting on industry projections which forecast 2006 wholesale shipments to decline... Read more

Fleetwood May Reopen Ohio Trailer Plant

January 30, 2006 by · Leave a Comment 

Fleetwood Enterprises Inc. plans to reopen its plant in Edgerton, Ohio, to help build travel trailers and temporary housing for victims of the Gulf Coast hurricanes. The Toledo Blade reported that the opening of the plant – idled in late 2004 and affecting 250 workers – is dependent on a state panel approving an application for a five-year, 60% tax credit. According to the Blade, the company proposes to invest $755,000 to reopen the plant if job-tax credits are approved. In return, it would hire... Read more

Indiana RV Sales Tax Bill Moves to Senate

January 30, 2006 by · Leave a Comment 

A proposed law exempting out-of-state residents from Indiana’s sales tax when buying a recreational vehicle or cargo trailer unanimously passed the Indiana House recently. According to the Peru Tribune, Indiana House Bill 1073 will be sent to the Senate for further discussion. The proposal would reinstate the full exemption for non-residents that was a standard in the state until it was repealed in 2004. An amended version was passed last year, requiring non-residents to pay the difference... Read more

Oceanfront Campground Sells to Developer

January 30, 2006 by · Leave a Comment 

A developer has purchased the 56.4-acre Barefoot Camping Resort in North Myrtle Beach, S.C., for $56.4 million and plans to build an oceanfront tower and multi-family condominiums. According to the Myrtle Beach Sun News, the sale of the campground was completed Dec. 29 to Scalise Development. The company said it will release complete plans in the coming weeks. Skyrocketing land prices have enticed campground, golf course and park owners to sell to developers along the Grand Strand in Myrtle Beach,... Read more

Cummins Reports Record Earnings for ‘05

January 30, 2006 by · Leave a Comment 

Cummins Inc. reported record profits for 2005, including gains in the Columbus, Ind.-based company’s recreational vehicle interests. For the year, net income increased 57% to $550 million from $350 million in 2004 while sales rose 18% to $9.92 billion from $8.44 billion. Cummins fourth-quarter sales increased 17% to a record $2.75 billion from $2.35 billion in the same period in 2004. Net income rose 40% in the three-month period to $167 million from $119 million. The company’s light-duty, auto... Read more

Coachmen Industries Incurs Year-end Loss

January 30, 2006 by · Leave a Comment 

Coachmen Industries Inc. today (Jan. 30) reported a net loss of $19.4 million for the company’s full year, ended Dec. 31. The company said results were impacted by soft sales and heightened by pre-tax expenses of $14.3 million associated with defective materials used in recreational vehicle laminated sidewalls. For the quarter, the Elkhart, Ind.-based builder had a net loss from continuing operations of $10.6 million compared with net income of $1.7 million the previous year. For the year, net... Read more

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