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Fleetwood Reports 1Q Revenue Declines 41%

July 31, 2008 by · Leave a Comment 

Fleetwood Enterprises Inc. reported a 41% drop in sales for its fiscal 2009 first quarter, pulled down by a 52% decline in RV revenue from a year ago. Revenue fell to o $287 million from $488 million a year ago as the he company’s Housing Group also incurred a 15% drop in sales for the quarter, ended July 27. “As we have previously reported, we continue to see market challenges in all of our business units, particularly in motor homes,” Elden L. Smith, president and CEO for the Riverside,... Read more

Jayco Dealer Meeting Posts Record Attendance

July 31, 2008 by · Leave a Comment 

A record 180 dealerships were represented during the 40th Annual Jayco Dealer Homecoming July 20-23 held at the Orange County Convention Center & The Peabody Hotel in Orlando, Fla. Despite the difficult economic environment for the RV industry this summer – or perhaps because of it – more than 500 representatives from those 180 dealerships attended the four-day meeting where 2009 product was introduced and management shared strategies and goals. “Dealers were very positive, very upbeat... Read more

Weak RV, MH Sales Impact Supplier Drew’s 2Q

July 31, 2008 by · Leave a Comment 

Supplier Drew Industries Inc. posted lower sales and profits for its second quarter, ended June 30, due to continued weakness in its core recreational vehicle and manufactured housing markets. The White Plains, N.Y.-based company, parent to Lippert Components Inc. and Kinro Inc., also pointed to the rising raw materials costs that arose in the second quarter and will further impact third-quarter performance. “We continue to face highly volatile raw material costs, particularly steel and aluminum,”... Read more

B.C. Forms Coalition to Boost Camping, RVing

July 31, 2008 by · Leave a Comment 

A new coalition will promote camping and recreational vehicle use throughout British Columbia as skyrocketing gas prices and declining U.S. tourist traffic cut into business. The Vancouver Sun reported that the Camping and RVing British Columbia Coalition, which includes nine industry and government partners, will work with a $100,000-plus annual budget to boost business. “We’ll look at the long term because there are going to be recessions and ups and downs in travel,” said coalition... Read more

TriMas Posts 2Q Profit, RV Revenue Retreats

July 31, 2008 by · Leave a Comment 

Bloomfield Hills, Mich.-based TriMas Corp. showed a profit for its second despite a challenging economy and soft RV market. Net income for the quarter was $9.45 million compared to a loss of $3.19 million a year ago while sales rose to $297.08 million from $287.67 million. For the six months, net income was $17.32 million, up from $3.86 million in the prior-year period. Sales grew to $576.64 million from $572.11 million in the year-ago period. TriMas said recreational vehicle and trailer product... Read more

‘Deteriorating’ Market Signals Monaco 2Q Loss

July 30, 2008 by · Leave a Comment 

Monaco Coach Corp. reported a net loss on a 40% drop in revenue for its second quarter, reflecting the “continued deterioration of the recreational market” that prompted its recent closure of three Indiana facilities and the layoff of 1,400 workers. “As difficult as the decision to close three Indiana facilities was, we knew that we needed to respond decisively to the rapidly changing business environment,” said Kay Toolson, chairman and CEO of the Coburg, Ore.-based firm. “Together with... Read more

International Sales Boost Cummins 2Q Profits

July 30, 2008 by · Leave a Comment 

Cummins Inc., a maker of engines and power generators, said its earnings in the second quarter rose 37% as strong international sales more than offset continued weakness in some of its key North American markets, including motorhomes. Reuters reported that the Columbus, Ind.-based company also raised its full-year sales forecast, saying it now expects growth of 15%, up from a previous forecast of 12%. Second-quarter net profit rose to $293 million from $214 million in the same period in 2007 and... Read more

Canada RV Sales Down; Declines Less than U.S.

July 30, 2008 by · Leave a Comment 

Although off somewhat from 2007, Canadian retail RV sales in the first quarter apparently weren’t slammed nearly as hard by the North American economic slowdown as sales in the U.S. Canadian motorhome sales of 303 Class C and Class A units in the first quarter – the most recent period for which statistics are available – represented a 10.9% drop from 340 units during the same period in 2007. The U.S. market posted a 24.8% decline to 5,453 coaches during the same period of time, according... Read more

Fuel Efficiency Becoming Key Feature in RVs

July 30, 2008 by · Leave a Comment 

Although recreational vehicle manufacturers have been striving for greater fuel efficiency for half a decade, the movement seriously began gathering steam over the last two or three years as the nation’s average gasoline price rocketed from a little more than $2 to north of $4 a gallon. While there is no hard data, Kevin Broom, spokesman for the Recreational Vehicle Industry Association (RVIA), told the Press-Enterprise, Riverside, Calif., that he’s noticed two changes toward fuel economy. According... Read more

Winnebago Rally Draws Crowd to Forest City

July 30, 2008 by · Leave a Comment 

Doug Formanek felt blessed as he bid farewell to thousands of people last Friday (july 24). The Winnebago Itasca Travelers (WIT) Club general manager’s prayers were answered as another Grand National Rally at the company’s headquarters in Forest City, Iowa, came to a successful end, according to a report by The Summit. And considering the weather forecasts over the past couple of weeks, Formanek was doubly grateful as the six-day rally came to an end Friday morning. “Believe me, I said... Read more

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