Report: Consumer Spending Stagnates in June

July 31, 2012 by · Leave a Comment 

Consumer spending in the U.S. stagnated in June as labor-market weakness prompted Americans to use the biggest gain in incomes in three months to build savings. Bloomberg reported that household purchases, which make up 70% of the economy, were unchanged last month after a 0.1% decline in May, a Commerce Department report showed today in Washington. The median estimate in a Bloomberg News survey of economists called for a 0.1% rise. Incomes climbed 0.5%, lifting the saving rate to 4.4%, the highest... Read more

N.H. Town Considers Levying Travel Trailer Tax

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Exeter, N.H., is looking into taxing travel trailers based on a New Hampshire Supreme Court ruling from several years ago that calls for the valuing and taxing of such trailers if they are determined to be permanent structures. The Exeter News-Letter reported that while taxing such structures is law, not all communities do it. However, Town Assessor John DeVittori recently told the Board of Selectmen that the state Department of Revenue Administration is starting to put more pressure on communities... Read more

Cummins Profits, Sales Dip; Margins Hit Highs

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Columbus, Ind.-based engine maker Cummins Inc. reported adjusted quarterly profit that beat Wall Street estimates as sales in North America helped offset weakness in international markets, especially China and Brazil. Reuters reported the company said on Tuesday (July 31) that revenue declined 4% to $4.45 billion, in line with Wall Street estimates. Excluding the effects of divestitures and currency fluctuations, revenue was flat. Cummins, a major supplier of diesel engines to the RV industry,... Read more

PRVCA Distance Learning Fall Schedule is Set

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The RV Technician Distance Learning Program has announced its fall courses: RV Air Conditioners, RV Absorption Refrigerators and RV Heating Systems. According to a press release, the courses are held online through Northampton Community College in partnership with the Pennsylvania RV and Camping Association (PRVCA). Details include: • RV Air Conditioners (Beta 6015) will begin Aug. 27 and run through Oct. 7. This course examines the roof-top air conditioner in detail. Revisiting the fundamentals... Read more

Allison Transmissions 2Q Profit Up, Sales Flat

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Allison Transmission Inc. reported earnings of nearly $413 million in the second quarter after losing $17.2 million in the same period a year ago. Indiana Business Journal reported that despite the healthy profit, the Indianapolis-based manufacturer cut its full-year sales-growth forecast to a range of 1% to 3% compared to a prior estimate of 5% to 7%. Allison, a supplier of motorhome transmissions to the RV industry, said quarterly profit was boosted significantly by a one-time $350 million... Read more

GE Capital Offers Outlook for Canadian Market

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GE Capital, Commercial Distribution Finance (CDF), has released its outlook for the Canadian recreational vehicle  industry. According to a press release, CDF provides inventory financing that allows dealers to stock, market and sell products from manufacturers. As a result of its longstanding position as a leading financing provider to Canadian manufacturers and distributors and their dealers, CDF “periodically provides market intelligence that may help companies throughout the supply chains... Read more

Winnebago’s Hagen to Head Plant Engineering

July 31, 2012 by · 1 Comment 

Ron Hagen Forest City, Iowa-based Winnebago Industries Inc. has announced the promotion of Ron Hagen to the position of plant engineering manager. Hagen will be responsible for managing the plant engineering department, which includes oversight of Winnebago’s facilities infrastructure, improvement and modifications, as well as complying with required reporting to outside regulatory agencies. A 29-year veteran of Winnebago Industries, Hagen joined the company in 1983 as a mechanical engineering... Read more

RV Rental Workshops On Tap for RVDA Confab

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The RV Learning Center is developing a series of workshops for RV rental companies during the 2012 RV Dealers International Convention/Expo Oct. 1-5 in Las Vegas. According to a press release, attendees will learn about the nuts and bolts of RV rental agreements, updates on RV rental law and how to choose what products to offer. Topics and presenters include: • New Developments in RV Rental Law: Trends and Update for 2012, Leslie Pujo, LaPlaca Pujo, P.C.: This interactive session will discuss... Read more

Monaco RV Shifting Towables to Elkhart Plants

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Monaco RV LLC is looking to hire around 100 new employees for two locations in Indiana. WSBT TV, South Bend, reported that parent Navistar International Corp. recently began production of Monaco’s towable RV line at an old Elkhart plant near Nappanee Street and Hively. It used house the Custom Chassis Products building. The entire towable line is being moved from the Monaco plant in Wakarusa to the Elkhart plant. That’s happening so Monaco can concentrate solely on building only motorized... Read more

Scandal Puts Calif. Parks Agreements in Limbo

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For months, the city of Benicia, Calif., has been working with the California state parks department on an agreement to keep the Benicia State Recreation Area open. According to the Bay Citizen, San Francisco, the park was one of 70 parks around the state slated to close after the state cut $22 million from the parks department budget last year. But two weeks ago, an investigation revealed the department has been sitting on a $54 million surplus for several years. The director of the agency, Ruth... Read more

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