Winnebago Full-Year Revenue Exceeds $2 Billion

October 17, 2018 by · Leave a Comment 

Forest City, Iowa-based Winnebago Industries Inc. reported a 17.9% increase in revenue for its fiscal fourth quarter, ended Aug. 25, while net income rose 19.5%. Revenues during the period totaled $536.2 million compared to $454.9 million in the year-ago period. Net income was $29.8 million, or 94 cents per diluted share, versus $24.9 million, or 79 cents per share in the same period last year. “Fiscal 2018 was a tremendous step forward for Winnebago Industries in all aspects — strategically,... Read more

RVIA’s ’18 California Show Draws in Record Gate

October 16, 2018 by · Leave a Comment 

RVs cover the grounds at the Los Angeles Fairplex in Pomona Despite a steady rain and cooler weather on the final weekend of the 10-day 66th California RV Show, the event registered an all-time attendance record of 40,191 at the Los Angeles Fairplex in Pomona, edging out last year’s high mark of 40,167. “Opening weekend we had approximately 8,500 people on Saturday — which is typically our strongest day — and then around 7,600 on Sunday,” said Tom Gaither, western show director for the... Read more

SSI: Canadian Coach Sales Up 4.4% for 8 Months

October 15, 2018 by · Leave a Comment 

Year-over-year Canadian motorhome sales were flat for the first eight months of 2018 showing a 4.4% increase, according to the latest report from Statistical Surveys Inc. Thor Industries Inc. was the Canadian motorhome sales leader during the period, capturing a 44.5% market share, followed by Forest River Inc. (33.6%) and Winnebago Industries Inc. (9.9%). Class A registrations rose 3.2% through August as Thor led the category with a 36% market share, ahead of Forest River (21%), REV Group (13%)... Read more

WSJ: Luxury Coaches Offer 5-Star Hotel Opulence

October 12, 2018 by · Leave a Comment 

Tiffin Zephyr’s well-appointed interior Diehard Auburn football fans Rick and Susan Turner hold season tickets on the 35-yard line at the university’s Jordan-Hare Stadium. But when the Tigers are on the field, the Turners are in the parking lot. The Wall Street Journal reported that for every home game, the Birmingham, Ala., couple tailgates from their 45-foot 2016 Tiffin Zephyr, a luxury motorhome. The Zephyr offers an entertainment center and a full kitchen with solid-surface countertops... Read more

SSI: Motorized Sales Flat for 8 Months, Gain 0.1%

October 10, 2018 by · Leave a Comment 

Overall sales in the motorized segment edged up 0.1% for the first eight months of 2018, as the Class A and Class C markets remained relatively flat. According to the latest report from Statistical Surveys Inc. (SSI), Thor Industries Inc. was the motorized sales leader for the eight months with a 43.2% market share, ahead of Forest River Inc. (22.6%) and Winnebago Industries Inc. (13.6%). Class A motorhome sales were down 3.7% through August as Thor led the segment with a 34.7% market share. Forest... Read more

Keystone Leads Record Funding for ‘Men in Kilts’

October 9, 2018 by · Leave a Comment 

Keystone “Men in Kilts” team included (L-R) Kyle Kwasny, Josh Miller, Jeff Runels, Bren Lauck, Jason Gill and Tim Markel The Ronald McDonald House Charities McDazzle Gala featuring the “Men in Kilts” was held Oct. 4 at the Gillespie Center in South Bend, Ind., drawing a record crowd of over 450 patrons and generating a near-record fundraising effort for the charity. According to a press release, Kierstin Miller, CEO of the Ronald McDonald House Charity of Michiana, reported... Read more

Cummins’ Garry Enyart is Elected Chairman of RVIA

October 4, 2018 by · Leave a Comment 

Outgoing RVIA Chairman Bob Parish (L) with newly elected chairman Garry Enyart Garry Enyart, director of mobile generator sales and coach care for Cummins, was elected as chairman of the RV Industry Association (RVIA) board of directors for the 2019 fiscal year during the board’s meeting on Sept 29. “We are looking forward to working with Garry over the next year as we continue moving forward with our new strategic initiatives, RVX and the RV Technical Institute,” said RV Industry Association... Read more

Industry to Honor ‘18 RVBusiness Top 50 Dealers

October 2, 2018 by · Leave a Comment 

The 2018 roster of RVBusiness Top 50 Dealer Awards recipients has been released by RVBusiness magazine and its marketing partner, BJ Thompson Associates. Public recognition of these U.S. and Canadian RV retailers will take place again this year at a Nov. 7 awards reception during the 2018 RV Dealers Convention/Expo co-hosted Nov. 5-9 by the Recreation Vehicle Dealers Association (RVDA) and RVDA of Canada at the Paris Las Vegas Hotel. “As... Read more

Open House Sees Strong Dealer Traffic, Solid Sales

September 29, 2018 by · Leave a Comment 

“Kid Rock” entertains Open House crowd Despite rainy weather — including a patented northern Indiana thunderstorm Tuesday (Sept. 25) night — by all accounts the 2018 Elkhart RV Open House was a successful all-industry venture. The business at hand, of course, was for dealers to order their inventory for the 2019 selling season and, while the volume was perhaps not as aggressive as last year’s Open House, manufacturers told that for the most part they were... Read more

RVIA: Shipments Decrease 12.5% During August

September 25, 2018 by · Leave a Comment 

The RV Industry Association’s (RVIA) August survey of manufacturers found RV wholesale shipments finished at 39,417 units, representing a 12.5% decrease of from the 45,031 units shipped last August. All towable RVs, led by conventional travel trailers, totaled 34,458 units for the month, a decrease of 12.7% compared to last August’s towable RV shipment total of 39,479. Motorhomes ended August with 4,959 shipments to retailers, down 10.7% compared to last August’s total of 5,552. Year-to-date... Read more

Keystone Rolls Out Revised Outbacks, Hideouts

September 24, 2018 by · Leave a Comment 

New kitchen area in Keystone Hideout Goshen, Ind.-based Keystone RV Co. will be showcasing complete upgrades of its affordable Hideout and more upscale Outback travel trailers at this week’s (Sept. 24-28) annual Elkhart RV Open House. “We spent some time over the last year asking dealers and retail customers what is Outback to them,” reported Eric Landis, product manager for Outback, a twin-axle lineup available in both the Full Profile and Ultra Lite series. “And really what it comes down... Read more

Thor Announces Record Results For Fiscal 2018

September 20, 2018 by · Leave a Comment 

Thor Industries Inc. today reported record results for the full-year fiscal 2018. The Elkhart, Ind.-based company reported that net sales increased 14.9% to $8.33 billion while net income before taxes increased 13.8% to $633 million. Net sales increased 17.2% for the towable segment and 8.9% for the motorized segment. Overall gross profit margin decreased to 14.0% from 14.4% in the prior year. Other highlights: Gross profit increased 11.6% to $1.16 billion. Diluted EPS increased 14.8% to $8.14. Cash... Read more

Thor’s Martin Sees ‘Mutual Benefits’ with Hymer

September 19, 2018 by · Leave a Comment 

Thor President and CEO Bob Martin “Synergy” might have been one of the more often used terms by officials during Thor Industries Inc.’s conference call with investors Tuesday (Sept 18) following the announcement earlier that morning that the firm had entered into a definitive agreement to acquire Erwin Hymer Group (EHG), Europe’s largest RV manufacturer, for approximately $2.45 billion in cash and equity. Expected to close by the end of this year, the combined company would create the... Read more

Thor Industries will Acquire Erwin Hymer Group

September 18, 2018 by · Leave a Comment 

Thor Industries Inc. and the shareholders of Erwin Hymer Group SE (EHG) today (Sept. 18) announced that they have entered into a definitive agreement for Thor to acquire Erwin Hymer Group, a privately held international company, for an enterprise value of approximately $2.45 billion, with the purchase price to be funded with cash and equity. According to a press release, equity consideration will consist of approximately 2.3 million shares of Thor. The Hymer family will thereby remain engaged in... Read more

Final Hershey Show Attendance is Nearly 60,000

September 17, 2018 by · Leave a Comment 

RVs filled the Giant Center for this year’s Hershey Show America’s Largest RV Show, Sept. 12-16 at the Giant Center in Hershey, Pa., tallied a final gate attendance of almost 60,000 people, about 5,000 off of last year’s record-setting totals. But most exhibitors came away from the annual trade-and-retail exposition pretty impressed with the pace of sales and the crowds in general despite the looming prospect of impact from Hurricane Florence. Hosted by the Pennsylvania RV & Camping... Read more

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