Thor Industries Acquiring Towable Builder K-Z

April 17, 2014 by · 1 Comment 

Thor Industries Inc. today (April 17) announced that it has entered into an agreement to acquire the outstanding capital stock of recreational vehicle manufacturer K-Z Inc. in a transaction closing effective May 1.  The purchase price, which will be paid in cash, is approximately $53.4 million, subject to adjustment. “We are pleased to welcome K-Z to the Thor family.  With a strong focus on value, service and quality, K-Z brings an exceptional way of doing business that really stands apart... Read more

Allison Transmission Posts Jump in 1Q Profits

April 17, 2014 by · Leave a Comment 

Allison Transmission Holdings Inc. reported a big jump in profit in the first quarter on an increase in sales. According to an Indianapolis Business Journal, the Indianapolis-based manufacturer earned $52.1 million, or 28 cents per share, in the quarter, up from $27.5 million, or 15 cents per share, in the same period of 2013. Sales rose 8% to $493.6 million, up from $457.4 million last year. Analysts had expected profit of 25 cents per share on sales of $482 million. Allison said the increase in... Read more

Flexsteel Industries Reporting Record 3Q Sales

April 17, 2014 by · Leave a Comment 

Furniture supplier Flexsteel Industries Inc. today reported record net sales and net income for its fiscal third quarter and nine-month period ended March 31. Net sales were $327 million for the nine-month period, a 15% increase from the prior year. Net income was $9.4 million, or $1.24 per share, compared to $8.9 million, or $1.22 per share. Net sales for the quarter were a third-quarter record $111 million, a 12% increase over prior year quarter net sales of $98 million. Net income was $4.4 million,... Read more

Beige Book: Economy Grows After Harsh Winter

April 16, 2014 by · Leave a Comment 

U.S. economic activity increased in most of the country as the weather improved, particularly in the snow-ravaged northeast, according to summary of economic conditions released Wednesday. MarketWatch reported that the Beige Book, a collection of anecdotes about the economy published by the Federal Reserve, said 10 of its 12 districts saw improvement —mostly of the “modest to moderate” variety — but there was a decline in activity in the Cleveland and St. Louis regions. This summary fits... Read more

RVIA Setting up Offices on East Side of Elkhart

April 16, 2014 by · Leave a Comment 

Elkhart site for RVIA offices Following up on a March board decision, the Recreation Vehicle Industry Association (RVIA) has begun setting up a regional office in a sedate, one-level office complex near the intersection of County Road 17 and Middlebury Street on the east side of the RV-building center of Elkhart, Ind. In fact, RVIA staff members are on site today (April 16) at 663 C.R. 17, a contemporary, one-level complex just south of Lucchese’s Italian Restaurant that’s easily accessible from... Read more

Cruise Inn Adding HD Supply to Vendor Network

April 16, 2014 by · Leave a Comment 

Cruise Inn, a newly launched membership network of campgrounds and RV parks, announced that HD Supply Facilities Maintenance is the latest addition to its group of preferred vendors. “An attractive part of Cruise Inn’s innovative membership model is its preferred vendor program,” said Cruise Inn Brand Manager Kristen Fandrey in a press release. “Park owners get to enjoy the resources of dozens of companies to help with everything they need at the park level, while receiving preferred... Read more

NADA’s Fixed-Rate Plan Gains Lawyers’ Backing

April 16, 2014 by · Leave a Comment 

The National Automobile Dealers Association’s (NADA) program for dealerships to establish a fixed rate for dealer reserve was strongly endorsed by legal experts at the Automotive Resource Network conference here this week, according to a report by Automotive News. “It would not surprise me if the finance source starts requiring you [dealers] to include this,” said Jean Noonan, a partner in Hudson Cook law firm’s Washington, D.C., office. The firm, based in Hanover, Md., specializes in consumer... Read more

Bill Thomas Sales Gives $5K to Learning Center

April 16, 2014 by · Leave a Comment 

Bill Thomas Camper Sales of Wentzville, Mo., made a $5,000 gift to the Mike Molino RV Learning Center, bringing the dealership’s lifetime contributions to $31,000. According to a press release, the gift will fund the ongoing work of the Learning Center to deliver an array of high quality programs, products and services to help dealers and their employees pursue their continuing education goals. “The Learning Center is — and will continue to be — a major benefit to those of us who use the... Read more

Bontrager Family Leads Reorganization at Jayco

April 16, 2014 by · Leave a Comment 

Middlebury, Ind.-based Jayco Inc. announced a reorganization that will provide greater hands-on roles for Chairman Wilbur Bontrager and Derald Bontrager, president and CEO. “The new leadership structure will provide greater autonomy for our four operating divisions; Jayco Towables, Jayco Motorhome Group, Starcraft, and newly formed Highland Ridge RV which produces the Open Range family of products,” Derald Bontrager explained in a press release.  “Each division will be led by its president... Read more

New Pickups Set to Roll Out at ‘N.Y. Auto Show’

April 16, 2014 by · Leave a Comment 

It’s not without a certain amount of irony that one of the biggest global auto shows, and certainly one of the most significant to the U.S. market, is held in New York City, one of nation’s metropolitan areas with the lowest rates of private vehicle ownership. Nonetheless, according to Truck Trend, the April 18-27 2014 New York Auto Show remains a major international destination on the auto show circuit. This year, several important truck debuts will be taking place in the Big Apple,... Read more

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