Stag-Parkway Offers ‘Solutions’ at Confab

January 31, 2006 by · Comments Off on Stag-Parkway Offers ‘Solutions’ at Confab 

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 · Comments Off on Foretravel Adds Elkhart Retailer to Network 

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 · Comments Off on Consumer Confidence Hits Three-Year High 

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 · Comments Off on Fleetwood Idles Pa. Facility for Two Weeks 

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 · Comments Off on Coachmen Intent on Improving Profits in ’06 

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 · Comments Off on Fleetwood May Reopen Ohio Trailer Plant 

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 · Comments Off on Indiana RV Sales Tax Bill Moves to Senate 

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 · Comments Off on Oceanfront Campground Sells to Developer 

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 · Comments Off on Cummins Reports Record Earnings for ‘05 

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 · Comments Off on Coachmen Industries Incurs Year-end Loss 

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

Cities Nationwide Tackle RV Parking Issue

January 27, 2006 by · Comments Off on Cities Nationwide Tackle RV Parking Issue 

The question of where to park recreation vehicles when they are not on the road continues to vex communities generally throughout the U.S. and particularly RV owners themselves. According to local news reports, the attitude of an increasing number of cities and towns is that RVs should be heard pulling out of the driveway, but not seen parked where they might offend neighborhood sensibilities. Some examples: • In San Ramon, Calif., two dozen people recently protested an ordinance that would ban... Read more

Boat-N-RV Superstore Opening S.C. Center

January 27, 2006 by · Comments Off on Boat-N-RV Superstore Opening S.C. Center 

Boat-N-RV Superstore, a New York-based motorhome and water sports retailer, has selected Ridgeland, S.C., as the site of its fifth store, a move that’s expected to bring a $20 million to $30 million investment to the region along with 50 to 200 new jobs. The Beaufort (S.C.) Gazette reported that officials with the company, currently operating stores in New York and Pennsylvania, spent this week with town officials and engineers working at the 60-acre proposed store site, off Interstate 95 in... Read more

RV Park Anchors High-Dollar Development

January 27, 2006 by · Comments Off on RV Park Anchors High-Dollar Development 

Construction of a multimillion dollar campground in South Dakota is ahead of schedule and slightly over budget, according to the Black Hills Pioneer, Spearfish, N.D. Developer Daryll Propp reported that the first three phases of the Elkhorn Ridge Camping Center are nearly complete and the Spearfish campground is scheduled to open for business April 1, with a grand opening slated for May 1. Additionally, Propp said he is considering adding an extra 12 cabins to the existing 12 that have been constructed... Read more

Crude Oil Costs Rise, Flirt with $68 a Barrel

January 27, 2006 by · Comments Off on Crude Oil Costs Rise, Flirt with $68 a Barrel 

Tension in leading oil producers Nigeria and Iran pushed crude prices to nearly $68 a barrel on Friday (Jan. 27) as high stockpiles in the United States failed to calm investor nerves. Reuters reported that U.S. light crude settled up $1.50 higher at $67.76 a barrel after touching a session high of $67.95. London Brent crude rose $1.32 to $66.24 a barrel. “The U.S. inventory data clearly worried the market, but the Iranian and Nigerian situations are providing support to prices,” said... Read more

Blue Bird Corp. Files Chapter 11 Bankruptcy

January 27, 2006 by · Comments Off on Blue Bird Corp. Files Chapter 11 Bankruptcy 

Fort Valley, Ga.-based Blue Bird Corp. is asking a federal court to approve a pre-packaged Chapter 11 bankruptcy plan filed in U.S. District Court in Nevada on Thursday (Jan. 26), according to the Macon Telegraph. In an announcement made today, the company said the filing is part of a restructuring plan that will put Blue Bird back on sound footing. The firm, which manufactures school buses and Wanderlodge Class A motorhomes, said it will continue to operate as normal. “This news marks a positive... Read more

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