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Patrick Posts Double-Digit 1Q Sales, Income Gains

April 27, 2017 by · Leave a Comment 

Elkhart, Ind.-based supplier Patrick Industries Inc. today (April 27) reported double-digit gains in revenue and net income for its first quarter, buoyed by performance in its RV segment. Net sales increased $66.8 million, or 24%, to $345.4 million from $278.6 million in the same quarter of 2016.  The increase was primarily attributable to a 21% increase in the company’s revenue from the RV industry, which primarily reflected the incremental contribution from acquisitions completed... Read more

LKQ Corp. Reporting Record First-Quarter Revenue

April 27, 2017 by · Leave a Comment 

LKQ Corp. today (April 27) reported record revenue for the first quarter of 2017 of $2.34 billion, an increase of 21.9% as compared to $1.92 billion in the first quarter of 2016. LKQ is parent company of Keystone Automotive and its NTP-STAG RV distribution division. Income from continuing operations for the first quarter of 2017 was $140.8 million, an increase of 25.5% as compared to $112.2 million for the same period of 2016. Diluted earnings per share from continuing operations for the first... Read more

Capital Talk: Newmar’s Miller Outlines 2018 Rollout

April 27, 2017 by · Leave a Comment 

RV Capital Talk meets with Newmar Corp. President Matt Miller during the company’s 50th Dealer Meeting at the Gaylord Palms Hotel & Conference Center in Kissimmee, Fla. Miller highlights new product introductions including the rollout of the New Aire Class A motorhome, a more compact, lower-profile diesel pusher that targets a growing market segment. To view the video click here or scroll to the VIDEO 2 slot on the right side of the RVBUSINESS.com home page.  Read More →

Allison Ups Full-Year Sales Guidance on 1Q Growth

April 27, 2017 by · Leave a Comment 

Allison Transmission Holdings Inc. on Wednesday (April 26) reported quarterly revenue of $499 million, up 8% over the same period a year ago. The Indianapolis-based transmission maker said most of the increase was credited to improved North American demand in Allison’s service parts and support equipment business. Sales in that division totaled $118 million, up 39% compared with sales a year ago. The company reported first-quarter profit of $83 million, or 52 cents per share, up from $48 million,... Read more

TAG Midwest Culture Aims to Add, Retain Workers

April 27, 2017 by · Leave a Comment 

For the last 40 years, TAG Midwest has been a stable employer in Elkhart, Ind., building trucks caps – most notably its LEER brand. But, according to a press release, with the current upswing in the RV industry pushing Elkhart County to the lowest among Indiana’s 92 counties, even legacy companies like TAG must strive to create a culture friendly to employees in order to remain competitive in this marketplace.   A combination of progressive, lean manufacturing techniques and... Read more

RVIC’s Spring Hall of Fame Show is Opening Today

April 27, 2017 by · Leave a Comment 

The 5th Annual Spring Hall of Fame RV Show begins today (April 27) at the RV/MH Hall of Fame. The show will run through Sunday. The show will feature recreational vehicles from eight of the region’s dealers, including Total RV; Tiara RV and International RV in Elkhart; Goshen RV Super Center; Indiana RV Connection, Middlebury; and Moore Custom Trailers, Nappanee. According to Matt Rose, show director, dealers will display a variety of lightweight to full-size travel trailers, fifth... Read more

Winegard Intros ConnecT WiFi and 4GLTE Extender

April 27, 2017 by · Leave a Comment 

WinegardCo. announced the introduction of the ConnecT RV Internet WiFi + 4GLTE Extender. According to a press release, the Winegard ConnecT 4G1 is a fully-integrated system that works together for maximum security, faster RV internet speeds, and increased range from any Wi-Fi source. When Wi-Fi is not available, it links to a reliable nationwide 4G LTE network for uninterrupted RV internet streaming while traveling anywhere. In addition, Winegard’s MIMO technology offers improved range of transmission... Read more

RVDA of Canada is Endorsing Baseline Processing

April 27, 2017 by · Leave a Comment 

The Recreation Vehicle Dealers Association (RVDA) of Canada announced that it is entering into a new endorsement partnership with Baseline Processing Inc. According to a press release, the RVDA of Canada Board has added Baseline Processing’s point of sale transactions and equipment to the association’s group of endorsed products. As an endorsed payment processing provider, RVDA of Canada members can now select direct services through four distinct providers.       ... Read more

Supplier Bearcat Corp. Expanding Goshen Facility

April 27, 2017 by · Leave a Comment 

Goshen, Ind.-based aluminum products manufacturer Bearcat Corp. is expanding its Elkhart County operations. As reported by Inside INdiana Business, the company is investing $6 million to add 6,000 square feet to its existing facility and create up to 40 jobs by 2019. The Indiana Economic Development Corp. says the expansion began in January and Bearcat hopes to have the new space operational next month. As part of the project, the company is adding a fully-automated anodizing line. Bearcat currently... Read more

Montana Scales Back on ‘Ferrari Tax’ for Cars, RVs

April 27, 2017 by · Leave a Comment 

Montana lawmakers are scaling back their so-called “Ferrari tax” on cars and recreational vehicles worth more than $150,000. As reported by the Associated Press, the Legislature originally called for taxing those luxury vehicles between .08% and 1% of the retail price, depending on the age of the vehicle. The additional money would be used to shore up a special revenue account used for road projects and by the Department of Justice. But a conference committee of legislators scaled back... Read more

RVIA: Park Model RVs Enjoy An Upswing This Year

April 26, 2017 by · Leave a Comment 

According to the Recreation Vehicle Industry Association (RVIA), park model RV wholesale shipments rose to 401 in March, a boost of 11.7% over March 2016’s total. Park model manufacturers shipped 1,033 units in the first quarter, representing a 10% gain over the same period of 2016, RVIA reported. California received the largest number of shipments in March, followed by Texas, Arizona, Pennsylvania and New York, according to RVIA numbers.  Read More →

Slideshow: Newmar Corp. Recognizes Top Dealers

April 26, 2017 by · Leave a Comment 

Newmar Vice President of Sales and Marketing John Sammut addresses dealers Tuesday’s (April 25) opening of the three-day 2017 Newmar Dealer Meeting held at the Gaylord Palms Hotel & Conference Center in Kissimmee, Fla., was a whirlwind of 2018 model year introductions, highlighted by the rollout of the 34-foot New Aire diesel pusher. Dealers spent the bulk of the day securing retail inventory and, later that evening, Newmar handed out dealership awards for sales and service. At that ceremony,... Read more

Meyer Distributing Adding Thetford, Norcold Lines

April 26, 2017 by · Leave a Comment 

Meyer Distributing announced the addition of products from Thetford and Norcold, a leading  supplier of mobile sanitation and refrigeration.  “With the busy RV season approaching, Meyer warehouses across the country will be stocked with the complete line of Thetford and Norcold products,” said Director of Purchasing Bruce Terwiske in a press release. “Our dealers have been asking for the Thetford and Norcold lines to be added to our already huge  inventory of parts... Read more

Boat Sales for March Match 2016’s Robust Results

April 26, 2017 by · Leave a Comment 

Last year, the recreational boating industry was celebrating its best March results since 2008 — sales gains of 21% in the main powerboat segments and 20% industrywide. As reported by Soundings Trade Only, the industry achieved similar total sales in March this year — 14,572 in 25 early-reporting states that represent 54% of the U.S. market, versus 15,246 in 28 states and 64% of the market last year — but the percentage gains were slim this year because last year’s performance was difficult... Read more

Report: Outdoor Rec Contributing $887B Annually

April 26, 2017 by · Leave a Comment 

The Outdoor Industry Association (OIA) today (April 25) announced that it released “The Outdoor Recreation Economy” report, the largest and most comprehensive report of its kind that captures the power of a vast economic engine that creates billions in consumer spending and millions of good-paying American jobs. A sector woven deep into the fabric of local communities across the country, the outdoor recreation economy generates $887 billion in consumer spending annually, sustains 7.6 million... Read more

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