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FTCA’s Reeping: Coleman Name is Our Heritage

October 31, 2008 by · Leave a Comment 

As previously reported, the revered Coleman brand name is back in the RV business as a result of the May acquisition by Blackstreet Capital Management LLC of Fleetwood Enterprises Inc.’s folding camping trailer division in Somerset, Pa. Blackstreet obtained rights from The Coleman Co. Inc., Wichita, Kan., to again license the Coleman name on folding camping trailers, and the Coleman name began to resurface in September on popups from Blackstreet’s renamed FTCA Inc. subsidiary in Somerset.... Read more

Foreign Sales Boost Cummins, RV Interests Off

October 31, 2008 by · Leave a Comment 

Columbus, Ind.-based engine builder Cummins Inc. reported a 25% increase in third-quarter profit as strong demand from overseas offset soft North American sales. Cummins earned $229 million compared with $184 million for the same quarter last year. Sales rose 9.5% to $3.69 billion from $3.37 million in the year-ago period. Non-U.S. sales represented 61% of Cummins’ sales in the recent quarter, compared with 52% in the same quarter a year ago. Sales outside of North America at the company’s... Read more

Weak Markets, Material Costs Impact Drew 3Q

October 31, 2008 by · Leave a Comment 

Component supplier Drew Industries Inc. pointed to the effects of higher material costs and continued weakness in its core markets as the White Plains, N.Y.-based firm reported a 77% decline in third-quarter profits. “The current economic environment continues to be extremely challenging,” said CEO Leigh J. Abrams. “Declining real estate values, lower stock prices, volatile gas prices and the lack of credit have made consumers extremely cautious, which in turn impacts the housing... Read more

RV OEMs, FEMA Meet on Emergency Housing

October 31, 2008 by · Leave a Comment 

Several representatives from the recreational vehicle industry met with the Federal Emergency Management Agency (FEMA) and the Joint Housing Solutions Group in Washington, D.C., Thursday (Oct. 30) to discuss the viability of new formaldehyde standards for trailers used as emergency housing. According to a press release, attendees included representatives from several RV manufacturing companies, the Recreation Vehicle Industry Association (RVIA), Recreation Vehicle Dealers Association (RVDA) and the... Read more

Texas Dealer Ancira RV Closing Temple Outlet

October 31, 2008 by · Leave a Comment 

Longtime Texas retailer Ancira RV is consolidating operations, closing down its retail outlet in Temple. A call by RVBusiness to the dealer confirmed a report by local NBC affiliate KCEN-TV that the company will still maintain its stores in Boerne and Alvarado. Another store in Denton was closed in 2006. Kevin Ketner, general manager of the Temple location, cited current economic conditions as the reason for the closing. According to KCEN-TV, 18 of the 21 employees have been laid off. Ernesto Ancira... Read more

Guide Offers Consumers Ratings on RV OEMs

October 31, 2008 by · Leave a Comment 

J.R. Consumer Resources Inc. recently published the third edition of the “RV Comparison Guide,” rating some 55 North American RV manufacturers and more than 100 best-selling models. “We’re a niche company publishing a niche product so that someone who walks into an RV show can have a good idea of what’s going on,” said Randall Eaton, president and senior editor of the Clarkston, Wash., on-demand publication – a method of printing copies of books as they are ordered. Copies of... Read more

Fleetwood Issues Exchange Offer for Debentures

October 30, 2008 by · Leave a Comment 

Fleetwood Enterprises Inc. today (Oct. 30) announced that it is commencing a registered exchange offer for its existing $100 million principal amount of 5% convertible senior subordinated debentures. According to a release, holders have the right to require Fleetwood to repurchase the debentures at par on Dec. 15. The exchange offer proposes terms for new senior secured notes due 2011 that are guaranteed by certain Fleetwood subsidiaries, together with the issuance of common stock. Separately, the... Read more

Nomadic, Free Lifestyle Draws Full-Time RVers

October 30, 2008 by · Leave a Comment 

Michael Dautel’s life was a model of success. He was married, held a $200,000-a-year job with a fiber optics company and owned a four-bedroom home in a pricey Atlanta suburb. But, according to a report in the St. Petersburg Times, there was just one problem. He hated it. “I was living in an airplane and hotels,” said Dautel, 58. “I decided I’d had enough of that rat race.” So when his fourth marriage ended in divorce in 1999, Dautel put all his furniture into storage.... Read more

Pending Loan Tempers Monaco’s 3Q Net Loss

October 30, 2008 by · Leave a Comment 

Shares of Monaco Coach Corp. closed higher Wednesday (Oct. 29) as analysts said news of its pending finalization of a loan agreement outweighed lower third-quarter performance. In a note to investors, Craig Kennison with Robert W. Baird & Co. stated: “Monaco reported an awful quarter as the RV industry shows no sign of recovery. However, management expects to secure a $129 million credit agreement to provide urgently needed liquidity to its operations.” In its earnings statement, Monaco... Read more

Thor Consolidates General Coach Subsidiaries

October 30, 2008 by · Leave a Comment 

Thor Industries Inc. announced today the formation of General Coach Canada, which consolidates operations in Hensall, Ontario, and Oliver, British Columbia, into a single business entity. According to Jackson Center, Ohio-based Thor, General Coach will continue manufacturing in both locations with headquarters in Hensall, allowing the builder to “streamline operations, product development and better serve dealers.” “This move will ensure our success for the future,” said Roger Faulkner, president... Read more

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