Dexter Axle Acquiring an AL-KO Kober Division

October 26, 2015 by · Leave a Comment 

Elkhart, Ind.-based Dexter Axle has agreed to acquire AL-KO Vehicle Technology from AL-KO Kober SE, the company reported in a news release. The combination of the two companies, to be named DexKo Global Inc., will create a global leader in trailer axle and chassis supply with sales approaching nearly $1 billion. The transaction is expected to close at year end. DexKo Global will be majority-owned by funds managed by The Sterling Group, Dexter’s current majority owners. The combined company... Read more

THE BUZZ: Lazydays’ Sheehan on Acquisitions

October 22, 2015 by · Leave a Comment 

Tim Sheehan High-profile Tampa-area megadealer Lazydays RV announced in early October the acquisition of RV America with three stores in the Denver, Colo. market. Added to Lazydays’ current flagship store in Tampa, Fla., and its Tucson, Ariz., location, the transaction more than doubles the footprint of Lazydays – a dealership first launched by the Wallace family in 1976 that used to promote itself as the nation’s largest single-site RV dealership. In so doing, the towable-and-motorized RV... Read more

Lippert Spearheads Boys & Girls Club Fund Drive

October 20, 2015 by · Leave a Comment 

Jason Lippert Lippert Components Inc. CEO Jason Lippert is spearheading a special fund drive on behalf of the Boys & Girls Clubs of Elkhart and Goshen, Ind., in the hope that the RV industry will answer — to the tune of $2.5 million — the “RV Challenge” portion of a $9 million capital campaign to fund urgently-needed building projects at the two locations. Lippert, who has organized a widely successful annual fall auction for the Goshen club for a number of years, said both facilities... Read more

THE BUZZ: Keystone’s Rogers on Consolidation

October 16, 2015 by · Leave a Comment 

Bill Rogers With consolidation rampant throughout the U.S. economy, the RV industry’s aftermarket parts and accessories companies – suppliers, dealers and distributors alike – are now taking their turn. The driver in this case is LKQ Corp. (Nasdaq: LKQ), a Fortune 500 company that in less than two years has acquired the nation’s top three distributors – Keystone Automotive Operations Inc.’s NTP Distribution Inc., Atlanta-based Stag-Parkway Inc. and, most recently, The Coast Distribution... Read more

Winnebago 4Q Profit Down; Towable Sales Soar

October 15, 2015 by · Leave a Comment 

Winnebago Industries Inc. reported a decline in net income for its fiscal fourth quarter, ended Aug. 29, aggravated by “unfavorable trends in warranty expense” and a drift by consumers toward lower-priced motorhomes. In a conference call, Winnebago also addressed the ongoing search to replace CEO Randy Potts, who retired on Aug. 6, noting that the board is still considering internal and external candidates. Chairman Lawrence Erickson is currently filling in as interim CEO. Revenues during... Read more

GE Sells Commercial Finance Arm to Wells Fargo

October 13, 2015 by · Leave a Comment 

GE has reached an agreement to sell GE Capital’s global Commercial Distribution Finance (CDF), North American Vendor Finance and Corporate Finance platforms to Wells Fargo & Co. GE Commercial Finance is a major floorplan lender for the RV industry. According to a news release, the sale includes ending net investment of approximately $30 billion (about $32 billion of assets) and approximately 3,000 employees. It is expected to be completed in the first quarter of 2016. Other terms of the transaction... Read more

OPINION: Insights from RVB’s ‘Top 50’ Panelists

October 12, 2015 by · Leave a Comment 

EDITOR’S NOTE: As Phase 2 of the RV industry’s annual show season approaches, RVB Publisher Sherm Goldenberg highlights some timely insights related to the RVBusiness Top 50 Dealer Awards program. Coming out of the Hershey Show, the Elkhart RV Open House and other stops along the way, it’s often tough each fall to catch your breath, stay organized and sort through all of the important (and trivial) things you hear at shows, lunchrooms and hotel lounges. And the hits just keep on coming with... Read more

ATC Entering RV Market with Toy Hauler Lineup

October 9, 2015 by · Leave a Comment 

ATC’s larger toy hauler can carry a car ATC Trailers, best known over the years for its aluminum commercial trailers, has launched a brand new line of toy hauler trailers and is building brand exposure while signing up dealers across the country, the Nappanee, Ind.-based company reported in a press release. “Our initial offerings consist of toy haulers from 6-foot-by-20-foot to 8 1/2-foot-by-28-foot, which is capable of hauling a car,” noted Product Manager Ian Kettering. “At only... Read more

Lazydays RV to Acquire Colo.-based RV America

October 7, 2015 by · 1 Comment 

Lazydays RV announced today (Oct. 7) that an agreement has been signed to acquire RV America and its three RV dealerships in the Denver, Colo., market, with the closing anticipated to take place shortly. “We are extremely excited to bring such a high quality team into the Lazydays family. Hari Sach and his family have done an extraordinary job building RV America into a Colorado market RV leader,” said Tim Sheehan, Lazydays president and CEO, in a press release. “This acquisition gives... Read more

ARG Developing State-of-the-Art Service Center

October 6, 2015 by · Leave a Comment 

Artist’s rendering of ARG’s new state-0f-the-art service center Allied Recreation Group (ARG), manufacturer of Fleetwood RV, American Coach, Holiday Rambler and Monaco brand motorhomes, today (Oct. 6) announced the company’s plans to invest in significant renovation plans for a cutting-edge owner and visitor welcome center at its eastern service facility in Decatur, Ind. “We are excited about this substantial investment in service operations and the community because Decatur has... Read more

Hugelmeyer Succeeds Coon as RVIA’s President

October 5, 2015 by · Leave a Comment 

Richard Coon served 10 years as RVIA president Frank Hugelmeyer has officially taken his seat as president of the Recreation Vehicle Industry Association (RVIA), succeeding Richard Coon, who retired after serving in the position for the past 10 years. Hugelmeyer, whose appointment was announced in early June by Derald Bontrager, RVIA chairman and president and CEO of Jayco Inc., served as president and CEO of the Denver-based Outdoor Industry Association (OIA) from 2000-2014. In assuming his new... Read more

Pete Liegl: ‘Open House’ OEMs Top $1B In Sales

September 29, 2015 by · Leave a Comment 

Dealers covered up Thor’s display at the RV/MH Hall of Fame (Photo by Shawn Spence) Clear blue skies and a vibrant RV market drove sales at last week’s Elkhart County RV Open House, as a cross section of manufacturers interviewed by were uniformly upbeat in the wake of what has become a major industry selling venue. The eighth edition of the trade-only Open House again attracted thousands of dealer personnel to Northern Indiana to view a wide expanse of new model RVs and... Read more

RVB Announces Top 50 Dealer Award Recipients

September 28, 2015 by · Leave a Comment 

U.S. and Canadian recreational vehicle retailers named in late September as recipients of 2015 RVBusiness Top 50 Dealer Awards tend to share some consistent traits, according to the panel of industry experts who annually select the winners — including a penchant for cutting-edge digital marketing, selfless charitable giving and a more open-minded approach to servicing all traveling RV owners, not just their own customers. The newest class of Top 50 dealers, including a slate of five exemplary... Read more

RVIA: August’s RV Shipments Best in Eight Years

September 24, 2015 by · Leave a Comment 

Manufacturer shipments to retailers tracked by the Recreation Vehicle Industry Association (RVIA) improved in August this year, climbing to 27,330 units – a small gain over last month and a 3.4% gain over this same month last year. This was the best August shipment total in eight years and raised year-to-date totals of all RVs to 257,089 units, 4.4% more than the first eight months last year. Travel trailers led all vehicle categories this month, rising 11.7% over this same month last year and... Read more

TMC Displays New RUVs on Ford Transit Chassis

September 24, 2015 by · Leave a Comment 

New Gemini RUV from Thor motor Coach Dealers and media received their first look at Thor Motor Coach’s (TMC) newest recreational utility vehicles (RUVs) with the unveiling of the Gemini and Compass motorhome brands during this week’s Elkhart County RV Open House. These new additions, built on the Ford Transit platform, broaden the company’s RUV segment which currently includes the Axis and Vegas brands. RUVs take the size of today’s larger SUVs and add the additional benefits... Read more

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