Federal Reserve Hoped Market Would Stabilize

August 28, 2007 by · Leave a Comment 

Federal Reserve policymakers meeting in early August acknowledged that they might have to take action to ease a growing credit crunch, even as they held out hope for “a return to more normal market conditions” without any intervention. According to the Associated Press, a cut in one interest rate came 10 days later, and analysts are expecting a broader rate cut when Chairman Ben Bernanke and his Fed colleagues meet in September. The Fed, however, didn’t feel an immediate need to... Read more

July Shipments Decline 8.5%, Trailers off 7.5%

August 28, 2007 by · Leave a Comment 

All but one vehicle category showed year-over-year declines in July wholesale shipments as overall deliveries fell 8.5%. According to the Recreation Vehicle Industry Association (RVIA), July shipments fell to 27,900 units compared with 30,500 in 2006. For the first seven months, deliveries dropped 12.4% to 223,900 units from 255,500 the previous year. July travel trailer shipments continued to reflect a tight market and a paring down of inventory by retailers, down 7.5% to 14,800 units compared to... Read more

Coon, Hopkins Return from China Sports Show

August 27, 2007 by · Leave a Comment 

Richard Coon, president of the Recreation Vehicle Industry Association (RVIA), gave about 70 Chinese businessmen and government officials an overview of the U.S. RV industry during a forum Aug. 10-12 at the China Sports and Recreation (CSR) show in Shanghai. And, in retrospect, Coon feels it was best that the association didn’t mount a full-blown Chinese trade mission. “I’m glad I went, but we were right from the standpoint of telling manufacturers to hold off and not go to the show... Read more

Kingsley Considers Developing Hybrid Coach

August 27, 2007 by · Leave a Comment 

Zimmerman, Minn.-based Kingsley Coach Inc. is considering the development of a hybrid version of its K-3 custom coach. The company, which manufactures luxury motorhomes, SURVs and specialty vehicles on semi-truck chassis, said that the initiative represents “part of an environmental and fuel economy push designed to make Kingsley’s K-3 the first hybrid RV model on the market.” Kingsley said the proposed hybrid coach would be equipped with a regular petrol engine married to an electric motor,... Read more

Lazydays Named Tiffin’s Top Dealer for 2007

August 27, 2007 by · Leave a Comment 

Seffner, Fla.-based Lazydays RV Center Inc. recently was named Tiffin Motorhomes Inc.’s No. 1 dealer for 2007. The top 10 dealers were honored during the manufacturer’s annual dealer meeting in Orlando last month. “Lazydays has enjoyed a personal relationship with Tiffin and its owners over the last 18 years,” said John Horton, Lazydays CEO. “Our mutual commitment to delivering great RV products and service to our customers has allowed us to have the best year for Tiffin sales in... Read more

KOA CEO Performs ‘Charity Work’ at Colo. Park

August 27, 2007 by · Leave a Comment 

Most CEOs wear a suit to work and sit in boardroom meetings all day. But Jim Rogers, chairman and CEO of Kampgrounds of America (KOA), donned a signature yellow KOA shirt, shorts and a hat this week while skimming pools and cleaning bathrooms at the Fort Collins, Colo., campground – and it’s all in the name of charity. According to The Coloradoan, Rogers’ stay at the Fort Collins/Lakeside site came after co-owner Guenter Kippschull bought Rogers for $2,400 at a KOA auction. That money helps... Read more

EPA Charged With Writing Fuel Economy Rules

August 27, 2007 by · Leave a Comment 

While Congress debates massive changes in fuel economy law, the Environmental Protection Agency (EPA) is writing up broad new rules to limit fuel consumption. Automotive News reported that the EPA has mustered 75 regulators to execute President Bush’s so-called “20-in-10” plan to reduce gasoline consumption by 20% in 10 years. The move, sparked by a landmark U.S. Supreme Court ruling this spring, signals the Bush administration’s desire for a historic shift of responsibility... Read more

Major Fleetwood Shareholder Pushes for Sale

August 27, 2007 by · Leave a Comment 

A major shareholder of Fleetwood Enterprises Inc. asked the board to consider selling the company to rival manufactured housing maker Champion Enterprises Inc., according to a regulatory filing Monday (Aug. 27). The Associated Press reported that SLS Management LLC said in a letter to Fleetwood’s board Monday that a sale to Champion is the company’s best available alternative to maximize shareholder value. The investor said CEO Elden Smith has taken some steps to improve value since replacing... Read more

Coachmen Opts to Suspend Quarterly Dividend

August 27, 2007 by · Leave a Comment 

Coachmen Industries Inc. late Monday (Aug. 27) said its board has voted to suspend payment of its quarterly dividend, citing current volatility in the market. “As previously announced, our housing group generated profits in the second quarter, our balance sheet is sound, and we have more than $40 million available on our credit lines,” said President and CEO Richard Lavers in a statement. “However, given the roiling of the housing markets due to the subprime mortgage crisis, as... Read more

Fleetwood Folding Trailers Hosts Dealer Body

August 24, 2007 by · Leave a Comment 

Fleetwood Folding Trailers, a division of Fleetwood Enterprises Inc.’s RV Group, reported successful dealer meetings in Las Vegas and Champion, Pa., earlier this summer. The gatherings served as preludes to Riverside, Calif.-based Fleetwood’s National Dealer Meeting, slated for Aug. 27-29 at the Rio in Las Vegas. Newly appointed Folding Trailer General Manager Allan Reeping delivered a message of “commitment, innovation and perseverance” to representatives from more than 140 dealerships... Read more

KOA on Track to Reach 500 Locations in 2010

August 24, 2007 by · Leave a Comment 

Kampgrounds of America Inc. (KOA) said the company is well on its way to reaching its stated goal of 500 locations by 2010. Through the end of June, the Billings, Mont.-based company had converted 18 independent campgrounds to the KOA system while another three campgrounds were added to the company-operated campgrounds division. A former franchised campground at Virginia Beach, Va., also was added to that group. “We’ve had just a phenomenal year in the growth of new conversion campgrounds to... Read more

FEMA Moving Families Out of Travel Trailers

August 24, 2007 by · Leave a Comment 

About 1,000 Louisiana families have asked the Federal Emergency Management Agency (FEMA) to move them out of government-issued trailers and mobile homes over concerns that the shelters are contaminated, FEMA officials said Thursday (Aug. 23). The Associated Press reported that Jim Stark, director of FEMA’s Louisiana Transitional Recovery Office, said the agency already has moved – or is moving – about 140 of the families into apartments at the agency’s expense. To accommodate... Read more

Labor Day Likely to Keep Pump Prices Higher

August 24, 2007 by · Leave a Comment 

Gasoline prices are headed up again, even though crude-oil and wholesale-gasoline numbers are moving in the other direction, according to a Columbus (Ohio) Dispatch report. That’s because Labor Day, one of the year’s busiest travel weekends, is little more than a week away, and demand for gasoline is expected to surge. “The industry is once again pumping the prices up as they usually do before Labor Day,” said Brad Proctor, founder of, based in Centerville,... Read more

CWI Shops Gain Nationwide Blue Ribbon Status

August 24, 2007 by · Leave a Comment 

Six Camping World Inc. (CWI) collision centers have been selected as Nationwide Insurance Blue Ribbon Repair Services shops. According to a press release, the designated centers will have “direct repair status,” which is common in the automotive collision repair industry. Camping World centers involved in the program include Sirpilla RV, Akron, Ohio; Camping World Collision Center, Belleville, Mich.; Holiday Kamper, Colfax, N.C.; Holiday Kamper, Statesville, N.C.; Dusty’s Camper World, Bartow,... Read more

Furniture Supplier Flexsteel Posts Flat 4Q Sales

August 23, 2007 by · Leave a Comment 

Dubuque, Iowa-based furniture supplier Flexsteel Industries Inc. reported flat sales during its fourth quarter, including a 5% dip in recreational vehicle revenue. Sales during the three-month period, ended June 30, rose 2% to $114.3 million from $112.3 million a year ago. RV revenue totaled $17.7 million compared to $18.7 million. Net income for the quarter was $5.8 million compared with $1.5 million the year prior. The company noted that earnings included sale of a commercial property, which resulted... Read more

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