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Credit Crunch Slowing Domestic Auto Sales

August 30, 2007 by · Leave a Comment 

Just when the U.S. automotive sector looked to be getting its legs underneath it after a years-long slump, another stumbling block has come along to knock it off kilter — the credit crunch. MSNBC reported that the ongoing pain in the housing sector — including higher monthly payments for some owners and declining home values for others — is persuading many Americans that buying a car is not a good idea right now, according to market research company CNW Marketing Research. Recent polling by... Read more

Bill Fenech, PRVCA Donate to Learning Center

August 30, 2007 by · Leave a Comment 

The RVDA Education Foundation Inc.’s RV Learning Center recently received two contributions from previous donors. According to a press release, the Pennsylvania RV and Camping Association (PRVCA) donated an additional $5,000 to the RV Learning Center to bring their total contributions to $25,000. “We are proud to continue supporting the RV Learning Center,” said PRVCA Executive Vice President Rebecca Lenington. “The programs they develop are proof that our contributions help create top performers... Read more

GDP Shows Spring Growth for U.S. Economy

August 30, 2007 by · Leave a Comment 

The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing. The Associated Press reported that the gross domestic product (GDP), the broadest measure of economic health, expanded at an annual rate of 4% in the April-June quarter, significantly higher than the 3.4% rate the government had initially estimated a month ago, the Commerce Department reported Thursday (Aug. 30). But the... Read more

SoCal City Drafts Compromise on RV Parking

August 30, 2007 by · Leave a Comment 

A Southern California community is hoping new legislation will help moderate a 30-year-old battle over RV and trailer parking, according to a report in the Long Beach Press-Telegram. Hoping to satiate neighbors on both sides of the issue, Lakewood city leaders introduced this week more than a dozen proposals that regulate recreational vehicle and trailer parking, especially on private property. The new rules, which take effect in late October if the council approves the recommendations on Sept. 25,... Read more

Supplier Genesis Makes Fast-Growing Co. List

August 30, 2007 by · Leave a Comment 

Recreational vehicle and manufactured housing component supplier Genesis Products Inc. was recently ranked among the nation’s fastest growing privately held manufacturing companies by Inc. magazine. According to a press release, the Elkhart, Ind.-based firm was listed eighth on the 26th Annual Inc. 500 ranking, with three-year growth of 845.7%. The 2007 Inc. 500 list will be published in the September edition of the magazine. Formed in 2002, Genesis produces laminated paneling and trim, hardwood... Read more

Have a Safe and Enjoyable Labor Day

August 30, 2007 by · Leave a Comment 

The staff at RVBUSINESS.com will be observing Labor Day weekend with limited “Breaking News” coverage tomorrow (Aug. 31) – major industry events will be posted if they occur – and then idle the site on the Sept. 3 holiday. We will begin posting all the latest news first thing on Tuesday, Sept. 4. Staff members certainly wish all our readers a safe and enjoyable holiday weekend. – RV Business Managing Editor & Web Editor Dave Barbulesco  Read More →

RV Stocks Take Hit on Lower Shipments News

August 29, 2007 by · Leave a Comment 

Shares of recreational vehicle makers fell Tuesday (Aug. 28) after wholesale sales results for July showed an 8.5% decline from a year ago, according to an Associated Press report. Avondale Partners analyst Kathryn I. Thompson said that motorhome shipments fell 10% from July 2006, reversing a gain in June. July was the twelfth consecutive month for declines in towables, but Thomson noted shipments were down 8.3%, the first month since September that the decline was below double digits. “We... Read more

TengoInternet Expands Wi-Fi Service Network

August 29, 2007 by · Leave a Comment 

TengoInternet has increased its Wi-Fi service network with the addition of 36 parks and campgrounds in 15 states and Canada. According to a news release, the newly announced TengoZones are located throughout Arizona, California, Florida, Kentucky, Nebraska, New Jersey, New Mexico, New York, North Carolina, Ontario, Oregon, Pennsylvania, South Carolina, Tennessee, Texas and Wisconsin. “Today’s traveler expects to stay connected wherever they stay,” said Eric Stumberg, CEO and co-founder of the... Read more

RVIA Announces Results for Board Elections

August 29, 2007 by · Leave a Comment 

Recreation Vehicle Industry Association (RVIA) members elected nine incumbents, one new member and one past member to board seats in its annual elections, concluded Aug. 24. According to a press release, the newly elected board members will begin serving their terms on Oct. 1. Election results include: • Jay L. Howard, president and CEO of Junction City, Ore.-based motorhome builder Country Coach Inc., was newly elected to the board for a three-year term as a manufacturer representative. • B.J.... Read more

AAA Sees Fewer Cars on Road Over Labor Day

August 29, 2007 by · Leave a Comment 

Fewer Americans plan to travel by car this Labor Day weekend, AAA says, despite gas prices that are about a dime lower than a year ago. The auto club’s annual Labor Day survey, conducted by the Travel Industry Association (TIA), found that 28.9 million people will travel by car over the long weekend, down from 29 million last year. Gas prices have fallen this summer to a national average of $2.75 a gallon, according to AAA and the Oil Price Information Service. That’s down from $2.85... Read more

Camping World Set to Open Arkansas Location

August 29, 2007 by · Leave a Comment 

Camping World Inc. is opening its first store in Arkansas with a new facility slated for an Aug. 31 opening in Little Rock. According to a press release, the new Camping World will be located near Interstate 40 offering RV sales, a full service center and RV accessories store. “We are all excited to bring this great facility to the Little Rock area which is a robust, growing market,” said Hershel Chenevert, general manager of Camping World of Little Rock. “Camping World is great resource for... Read more

Dealer Poll: Sales Flat for Next Three Months

August 28, 2007 by · Leave a Comment 

Despite efforts to pare back inventory, dealers are still looking to lower levels, according to a recent survey conducted by investment firm BB&T Capital Markets. Analyst John Diffendal said that 135 dealers representing 42 states participated in the poll, which showed that dealer expectations for sales over the next three months tend to be flat, for both motorhomes and towables. Highlights from the survey include: • Dealer concerns: High fuel prices, traffic and less disposable income for... Read more

Alberta Expands Technician Training Program

August 28, 2007 by · Leave a Comment 

The Southern Alberta Institute of Technology (SAIT) has opened a new satellite facility in Edmonton, Canada to train recreational vehicle technicians. According to the Edmonton Journal, SAIT has operated the province’s only RV technician program since 1984. All such apprentices previously had to travel to Calgary for training, but the new facility will allow students in northern and central Alberta to receive instruction closer to home. The training center will accommodate 60 apprentices a... Read more

Consumer Confidence Dips, Tops Expectations

August 28, 2007 by · Leave a Comment 

Consumer confidence weakened in August as volatile financial markets and housing problems took a toll, a private research group said Tuesday (Aug. 28). The Associated Press reported that the New York-based Conference Board said that its Consumer Confidence Index declined to 105.0 from a revised reading of 111.9 in July, which was a six-year high. Although the index was down, it was slightly stronger than the 104.5 that Wall Street analysts expected. “A softening in business conditions and labor... Read more

National RV Officials Outline ‘Four-Step Plan’

August 28, 2007 by · Leave a Comment 

Officials for Perris, Calif.-based motorhome builder National RV Holdings Inc. hope a four-part plan will revive the struggling company, according to a report in the Press Enterprise, Riverside. Last week, CEO Brad Albrechtsen resigned, the same day the company announced it had lost $8 million in its second quarter. David Humphreys has been named interim CEO while Len Southwick, president of subsidiary National RV Inc. since September 2005, will oversee day-to-day operations as COO. “It’s... Read more

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