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Coachmen Hosts Dealers, Touts New Direction

June 29, 2007 by · Leave a Comment 

Espousing a renewed focus on dealer relationships and a more streamlined approach to doing business, officials for Coachmen Industries Inc. outlined the “culture change” adopted by the 43-year-old Elkhart, Ind.-based company during its dealer seminar June 18-20 in Savannah, Ga. “We have made a 180-degree turn,” said Mike Terlep, president of Coachmen RV Co. in Middlebury, Ind., while addressing around 400 people representing 140 dealerships at a breakfast meeting in the Savannah International... Read more

Thor’s Thompson Honored by Cancer Institute

June 29, 2007 by · Leave a Comment 

Wade F.B. Thompson, chairman, president and CEO of Jackson Center, Ohio-based Thor Industries Inc., was honored Tuesday (June 26) with the prestigious Oliver R. Grace Award for distinguished service in advancing cancer research. The award was presented to Thompson by Dr. Jill O’Donnell-Tormey, executive director of the Cancer Research Institute (CRI), during the institute’s 21st annual awards dinner at the Rainbow Room in New York City’s Rockefeller Center. Thompson is a three-time cancer survivor... Read more

Calif. Town Officials Side with RVers on Parking

June 29, 2007 by · Leave a Comment 

The fears of concerned recreational vehicle owners outweighed potential changes sought by Manteca, Calif., officials concerning RV parking and storage, according to the Tri-Valley Herald. This week, the city’s planning commission sided with the public — voting against a proposed list of 24 changes to current code. The modifications covered everything from landscaping for parking lots to dance studio regulations. But the amendment that drew the most ire from residents involved recreational... Read more

Curtin Foresees 9.2% Drop in 2007 Shipments

June 29, 2007 by · Leave a Comment 

Interest rates, the slump in the housing market and fuel costs will factor into a 9.2% decline in RV shipments this year versus 2006, according to the summer issue of Roadsigns, a quarterly newsletter compiled for the Recreation Vehicle Industry Association (RVIA) by economist Richard Curtin of the University of Michigan. Curtin revised upward his March projection of a 12% drop in wholesale deliveries, predicting shipments for the year would be 354,700 units, down from a 30-year high of 390,500 in... Read more

Western RV and Pilgrim Agree to Merger

June 29, 2007 by · Leave a Comment 

In a surprise development to most in the industry, Monomoy Capital Partners L.P. has agreed to merge Western Recreational Vehicles Inc. (Western RV), a manufacturer of high-end recreational vehicles based in Yakima, Wash., with Pilgrim International Inc., a mainstream towable manufacturer in Middlebury, Ind. The transaction is expected to close in July. “The merger expands the presence of both companies in the RV industry and combines the resources of the two, well-established and well-known brands,”... Read more

Carriage’s Domani Scores a Hit With Dealers

June 28, 2007 by · Leave a Comment 

Carriage Inc. showed dealers a second floorplan in its yacht-influenced 2008 Domani fifth-wheel trailer – an innovative new towable – during the company’s dealer meeting June 18-20 at the Gaylord Palms, Orlando, Fla. About 250 people representing 45 dealerships attended the event that debuted the 2008 Domani, as well as Carriage’s new Royals, Carriage, Carri-Lite and Cameo fifth-wheels. The new Domani, which was shown as a concept vehicle at the Louisville Show last November, was... Read more

Winnebago Destination Featured on Early Show

June 28, 2007 by · Leave a Comment 

For the second consecutive year, Winnebago Industries Inc. is teaming up with CBS News’ The Early Show in its summer travel promotion – the Great American Vacation. This year, a 2008 Winnebago Destination Class A motorhome will be taking the CBS staff to destinations across the U.S. to award nine unsuspecting viewers with a weeklong trip to the Caribbean. Winnebago President Bob Olson will help kick off the summer promotion with a live appearance on The Early Show June 29. “Winnebago... Read more

Leisure Time RV Moving to Larger Dealership

June 28, 2007 by · Leave a Comment 

Midwest City, Okla.-based Leisure Time RV is breaking ground on a new 20,000-square-foot facility at a more visible location off Interstate 40, according to a report in The Oklahoman. “We fully expect to double our business in the next two to five years,” co-owner Ron Walker said. The company, which sells towable RVs, will move in January. Walker said Leisure Time’s business has been strong at its current location, tripling in the last six years. Currently, Leisure Time is carrying... Read more

GM to Sell Allison Transmission for $5.6 Billion

June 28, 2007 by · Leave a Comment 

General Motors Corp. said Thursday (June 28) it has agreed to sell its Allison Transmission commercial and military business – which includes transmissions built for the RV industry – for about $5.6 billion to the private equity firm The Carlyle Group and Canada’s Onex Corp. The Associated Press reported that the deal is part of an effort by GM to raise money and focus on its core business. It has been losing ground in North America to Asian automakers. GM had said in January it was considering... Read more

Fed Holds Rates, Hoping Inflation will Retreat

June 28, 2007 by · Leave a Comment 

The Federal Reserve left a key interest rate unchanged on Thursday (June 28), hoping that a year-long economic slowdown will cause inflation to retreat further. The Associated Press reported that Fed Chairman Ben Bernanke and his colleagues voted unanimously to keep the federal funds rate, the interest that banks charge each other, at 5.25%, where it has been for the past year. Analysts believe that Fed officials could remain on hold through the rest of this year and well into 2008. Investor hopes... Read more

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