The Buzz: Ingrassia Discusses CFPB, Con/Expo

July 14, 2016 by · Leave a Comment 

Phil Ingrassia Recently, the Recreation Vehicle Dealers Association (RVDA) asked its membership to contact their U.S. senators, urging them to support S. 2663, the “Reforming CFPB Indirect Auto Financing Guidance Act,” which would require the Consumer Financial Protection Bureau (CFPB) to withdraw the “flawed guidance” that attempts to eliminate dealers’ ability to discount vehicle financing for consumers. The legislation, which would require the CFPB to follow certain rules, such as public... Read more

Grand Design RV Co. Offers Tribute To Workers

July 13, 2016 by · 1 Comment 

Grand Design President Don Clark addresses employees Tuesday during a companywide tribute for Clark’s being named EY Entrepreneur of the Year Wearing T-shirts that read “It’s All About The Team” on the front, the employees of Grand Design Recreation Vehicles Co. gathered Tuesday (July 12) inside Plant No. 3 of the manufacturer’s campus north of Middlebury, Ind., for special recognition of President Don Clark’s recent Ernst & Young (EY) Entrepreneur Of The Year award for... Read more

SSI: Towable Sales Gain 8.6% in May, 12.4% YTD

July 12, 2016 by · Leave a Comment 

Year-over-year towable retail registrations grew 8.6% in May – boosted by continued strong performance in the travel trailer sector – while posting a 12.4% gain for the first five months, According to the latest report from Statistical Surveys Inc. (SSI), results by category showed: Sales for the high-volume travel trailer segment increased 11.5% for the month and 15.7% year-to-date. Fifth-wheel registrations were flat, up 1% in May, while posting a 4.3% gain for the first five months. Folding... Read more

Massive 3-Day EverGreen Auction Starts Today

July 11, 2016 by · 1 Comment 

A rather massive three-day auction is set for today through Wednesday (July 11-13) at three former locations of EverGreen Recreational Vehicles LLC, a towable RV builder with plants located north of Middlebury, Ind., that suspended operations and announced the layoff of approximately 300 workers about a month ago after experiencing protracted financial difficulties. Nappanee, Ind.-based Hahn Auctioneers Inc. is handling the gavel at the EverGreen auction, which includes a wide variety of equipment,... Read more

The BUZZ: Riegel Grows ‘Airstream 2 Go’ Niche

July 8, 2016 by · 1 Comment 

Airstream 2 Go founder Dicky Riegel Now entering its fourth year of operation, Airstream 2 Go – the exclusive, factory-authorized source in North America to rent current model Airstream trailers, custom-matched to a dedicated Chevrolet Tahoe LTZ tow vehicle – enjoyed a 70% jump in year-over-year revenue in 2015 and continues to track up this year, said company founder and former Airstream Inc. President and CEO Dicky Riegel. “We began operations in May 2013 so the fact that we’re still going... Read more

Patrick Industries Acquires LS Mfg. Inc. for $11M

July 5, 2016 by · Leave a Comment 

In a company release today (July 5) Patrick Industries Inc. announced that it had completed the acquisition of the business and certain assets of Elkhart, Ind.-based Vacuplast LLC, doing business as L.S. Manufacturing Inc. (LS Mfg.). LS Mfg. builds a wide variety of thermoformed plastic parts and components, primarily serving the recreational vehicle market, as well as certain industrial markets. the company’s trailing 12-month revenues through May 2016 were approximately $12 million and... Read more

Thor Announces Acquisition of Jayco for $576M

July 1, 2016 by · Leave a Comment 

Wilbur and Derald Bontrager Thor Industries Inc. today (July 1) announced the acquisition of Jayco Corp. for approximately $576 million in cash. The company reported in a statement that the transaction “represents a unique and significant opportunity to enhance the growth of Thor and advance the company’s strategic focus on growing its recreational vehicle business.” In particular, Jayco brings complementary products in travel trailers, folding camping trailers, higher-end diesel... Read more

RVIA: May RV Shipments Post 13.4% YOY Gain

June 28, 2016 by · Leave a Comment 

RV shipments to retailers continued strongly in May with shipments of 37,955 units, representing a gain of 13.4% ahead of this same month one year earlier. This was the ninth consecutive monthly improvement and marked the best May total since 2006. On a seasonally adjusted basis, May’s totals represented an annualized rate of more than 380,000 units. Year-to-date, shipments have now reached 186,214 units through the first five months of the year, a 10.3% improvement over this same period a year... Read more

Keystone Hosts Auto, RV Clients at Open House

June 27, 2016 by · Leave a Comment 

George Lathouris, director of U.S. automotive sales for KAO, in front of “cannon tubes” used for shipping awnings and moldings (Photo by Shawn Spence) Exeter, Pa.-based Keystone Automotive Operations Inc. (KAO) had previously announced the opening of its sprawling, 360,000-square-foot Brownstown, Mich., warehouse, which has been shipping parts and accessories orders to independent automotive retailers and RV parts and accessories clients since last fall. (To view a slideshow scroll to... Read more

Universal Marine & RV Honored by Ally and RVB

June 23, 2016 by · Leave a Comment 

Universal’s Groves family (L-R) Jake, Jane, Cydney, Tyler and Greg Universal Marine & RV was recognized on Wednesday (June 22) by retail and wholesale lender Ally Financial Inc. and trade journal RVBusiness for hosting a unique, three-day, annual “Local Heroes” event at the Rochester, Minn., dealership. Owner-operators Greg and Jane Groves started celebrating the contributions of “Local Heroes” six years ago at their U.S. 14 facility in an effort to focus public attention – and a... Read more

Towables Help Lift Winnebago’s 3Q Profit 25.5%

June 22, 2016 by · Leave a Comment 

Forest City, Iowa-based Winnebago Industries Inc. reported a 25.5% increase in net income for its fiscal third quarter boosted by strong performance in the company’s towable division coupled with a 20% cut in expenses. Revenues for the third quarter, ended May 28, were $272.1 million, an increase of 2.1%, compared to $266.5 million for the fiscal 2015 period. Net income was $14.4 million, or 53 cents per diluted share, compared to $11.5 million, or 43 cents per diluted share, in the same... Read more

Keystone’s Dutchmen Unit Buys EverGreen Plant

June 21, 2016 by · Leave a Comment 

Dutchmen Manufacturing Inc., a unit of Thor Industries Inc.’s Keystone RV Co. subsidiary, confirmed today (June 21) that the company will be expanding operations in Middlebury, Ind., with the purchase of a facility located near Dutchmen’s existing 92,000-square-foot plant on U.S. 20. Although Keystone’s management declined to elaborate, the newly acquired production facility, according to industry insiders, is in fact the former Lifestyle Luxury RV plant operated until recently by troubled... Read more

Patrick Acquires Supplier Mishawaka Metal LLC

June 20, 2016 by · Leave a Comment 

Patrick Industries Inc. announced today (June 20) that it has completed the acquisition of the business and certain assets of Elkhart, Indiana-based Mishawaka Sheet Metal LLC (MSM) for approximately $14 million. Patrick Industries, also based in Elkhart, will continue to operate the business on a stand-alone basis under the MSM brand name in its existing facility. According to a news release, MSM is a full service distributor and fabricator of a wide variety of aluminum and steel products serving... Read more

Camping World Files for ‘Initial Public Offering’

June 13, 2016 by · Leave a Comment 

Camping World Holdings Inc. on Monday filed documents for an initial public offering. As reported by the Wall Street Journal, the RV retailer didn’t specify which stock exchange it would list its shares on, but said they would trade under the symbol CWH. Camping World, one of the larger nonpublic U.S. companies by revenue, has reported strong revenue growth for several years and remained solidly profitable. The company logged $3.33 billion in revenue in 2015, up 25% from a year earlier, according... Read more

SSI: Trailers Push Towables to 9% Gain in April

June 10, 2016 by · Leave a Comment 

Behind continued strong performance in the travel trailer sector, year-over-year towable retail registrations grew 8.9% in April while showing a 12.7% gain for the first four months, according to the latest report from Statistical Surveys Inc. (SSI). Results by category showed: Sales for the high-volume travel trailer segment increased 12.2% for the month and 16.1% year-to-date. Fifth-wheel registrations were flat, down 0.2% in April but posted a 4.2% gain for the first four months. Folding... Read more

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