Little Trailer Co. Launches ‘Reverse Teardrop’

October 30, 2008 by · Leave a Comment 

Little Trailer Co. Inc., Elkhart, Ind., has added a “reverse teardrop” R/T camper that includes the company’s first toy hauler floorplan. “This is a new look that is more aerodynamic with a lot more interior and exterior storage space,” said co-owner Kip Czoch. The unit reverses the traditional teardrop design with a sloping front end rather than a sloping rear end. The R/T comes standard with an entertainment center that includes a 7-inch DVD monitor with remote, 110/12-volt power... Read more

Soft Market, Restructuring Impact Monaco 3Q

October 29, 2008 by · Leave a Comment 

Monaco Coach Corp. reported a $71.8 million net loss for its fiscal third quarter, aggravated by “extremely difficult market conditions” and restructuring charges related to the consolidation and closure of facilities. “Lack of consumer confidence and tight consumer lending trends have impacted retail sales, which has dealers looking to reduce their inventories,” said Kay Toolson, chairman and CEO of the Coburg, Ore.-based builder. “We anticipated the second half of 2008 would... Read more

NHTSA Issues Latest RV-Related Recalls List

October 29, 2008 by · Leave a Comment 

The National Highway Traffic Safety Administration (NHTSA) has issued recall notices for the following products related to the recreational vehicle industry: • 189 (2008-2009) Prevost XLII-45, X3-45 motorhomes and H3-41, H3-45 and VIP coaches due to improper installation of the escape hatch retaining bolts. • Certain (2008-2009) Monaco Safari Cascade RD, Cheetah, Beaver Contessa, and Monterey Class A motorhomes equipped with C7 or C9 Caterpillar diesel engines. The fuel pump outlet check plug... Read more

Jayco Cuts Production Workers at Idaho Facility

October 29, 2008 by · Leave a Comment 

Middlebury, Ind.-based Jayco Inc. has laid off around 40 workers from its production facility in Twin Falls, Idaho. Workers were informed of the cuts Monday (Oct. 27), according to a report in the Times News. Former workers said the reduction is part of the company’s efforts to scale back production brought on by the downturn in the national economy. Pat Dunne, one of the employees laid off this week, says many of his fellow employees understood the threat of layoffs. Dunne believes the company... Read more

Specialty Trailer OEM Pace Buys Cargo Express

October 29, 2008 by · Leave a Comment 

Cargo and specialty trailer manufacturer Pace American Inc. has finalized its acquisition of Bristol, Ind.-based J&L Cargo Express. Terms of the purchase were not disclosed. “With this acquisition, we are continuing to further our ongoing strategy to strengthen and grow Pace American’s industry leading market share position,” said Mitchell Bender, CEO of Middlebury, Ind.-based Pace American. According to Pace, Cargo Express will retain its own brand identity along with its independent... Read more

Fed Swings the Axe, Slashes Key Interest Rate

October 29, 2008 by · Leave a Comment 

The Federal Reserve has slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades. The Associated Press reported that the central bank on Wednesday (Oct. 29) reduced its target for the federal funds rate, the interest banks charge on overnight loans, to 1%, a low last seen in 2003-2004. The funds rate has not been lower since 1958, when Dwight Eisenhower was president. The cut marked... Read more

12 Park Model Builders to Display in Louisville

October 28, 2008 by · Leave a Comment 

Twelve members of the Recreational Park Trailer Industry Association (RPTIA) will be displaying new products at the National RV Trade Show Dec. 2-4 in Louisville, Ky. The manufacturing firms divvied up some 18,900 square feet in the Broadbent Arena at the Kentucky Exposition Center that became available in early October. “We’re back, and that’s a good thing,” Bill Garpow, RPTIA executive director, told RVBusiness. In March, citing a traditional waiting list for Recreation Vehicle Industry... Read more

Camping World CEO Revs Up NASCAR Presence

October 28, 2008 by · Leave a Comment 

Marcus Lemonis believes his path to NASCAR can be traced to when he was adopted, at 9 months old, in Beirut. According to the Miami Herald, a couple from Miami raised him in South Florida and by the time he reached fourth grade, friends told him he would one day become a mayor. “I always looked like I wanted to be in charge of everything,” said Lemonis, CEO and chairman of national dealer network Camping World Inc. “I never knew I would be this lucky, but I always had a pretty good... Read more

Kingsley Coach Entering RV Rental Marketplace

October 28, 2008 by · Leave a Comment 

Custom motorhome builder Kingsley Coach Inc. announced today (Oct. 29) that the company will be establishing a short-term motorhome rental and leasing subsidiary in order to “help increase revenue streams.” In a press release, Kingsley stated: “After considerable due diligence and deliberation, Kingsley has found a need to focus its business on the short-term rental of Kingsley custom coaches, as well as motorhomes made by other manufacturers.” Kinglsey said that the RV rental market was... Read more

Consumer Sentiment Hits New Low in October

October 28, 2008 by · Leave a Comment 

Consumer confidence plunged to its lowest level on record in October, a private research group said Tuesday (Oct. 28). The Associated Press reported that the Conference Board said the consumer confidence index fell to 38, down from a revised 61.4 in September and significantly below analysts’ expectations of 52. That’s the lowest level for the index since the Conference Board began tracking consumer sentiment in 1967, and the third-steepest drop. A year ago, the index stood at 95.2. “Consumers... Read more

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