Thor Subsidiary Heartland Buying Cruiser, DRV

January 5, 2015 by · Leave a Comment 

Thor Industries Inc. today (Jan. 5) announced the acquisition of towable manufacturer Cruiser RV (CRV) and luxury fifth-wheel recreational vehicle manufacturer DRV by its Heartland Recreational Vehicles LLC subsidiary. According to a news release, the acquisition includes the purchase of equity interests as well as certain real estate used in the ongoing operations of the business. The total purchase price, paid in cash, is approximately $47.4 million, subject to post-closing adjustments. With the... Read more

‘Top 10′ Headlines from 2014

January 2, 2015 by · Leave a Comment 

RVIA President Richard Coon offers prognostications for 2015 at the Outlook Breakfast Every year about this time, the national media start looking for something relevant to say over the holidays and they often revert to a handy “Top 10” listing of news stories from the previous year as a cogent means of filling their pages and looking in the rearview mirror. So, we’re joining the crowd by listing the “Top 10 RV Industry Headlines from 2014,” leading off with what clearly was — hands... Read more

RVIA: Nov. Shipments up 20.9%; Best Since 2005

December 26, 2014 by · Leave a Comment 

Wholesale shipments of all RVs continued to roll in November with manufacturers reporting totals of 26,301 units, an increase a 20.9% gain over November one year ago. This was the strongest November total since 2005 and was the 35th consecutive monthly improvement dating back to January of 2012. Seasonally adjusted, November’s totals soared to an annualized rate of nearly 390,000 units, the highest monthly total all year. Year-to-date, total shipments have grown by 10.2% to 329,999 units through... Read more

Winnebago Brave/Tribute: RVB’s ‘RV of the Year’

December 22, 2014 by · 1 Comment 

Winnebago’s Brave/Tribute motorhome The main attraction at Winnebago Industries Inc.’s exhibit during the Recreation Vehicle Industry Association’s (RVIA) 52nd Annual National RV Trade Show in early December was the Forest City, Iowa-based RV builder’s new retro-style, Brave/Tribute Class A motorhome, one of the more innovative — yet nostalgic — new RVs in the North American marketplace. Like a few automotive, motorcycle and RV brands lately, Winnebago has taken its essential... Read more

Campers Inn Acquires Ga.-Based Peco Campers

December 20, 2014 by · Leave a Comment 

Kingston, N.H.-based Campers Inn announced the acquisition of Peco Campers of Tucker, Ga. The dealership, representing Campers Inn’s 10th location, will remain open and continue to operate as Peco Campers. “Our success has enabled us to grow the Campers Inn family and we are delighted to welcome the newest member, Peco Campers,” said Jeff Hirsch, CEO of Campers Inn, in a press release. “We are excited about the opportunity that comes with entering the Atlanta-metro area and proud to add... Read more

Camping World Buying Tom Johnson, Dandy RV

December 19, 2014 by · 5 Comments 

Marcus Lemonis Camping World Inc.’s 100-store-plus network of rolling stock RV dealerships has taken an appreciable step forward with the acquisitions of two high profile U.S. dealerships, Tom Johnson Camping Centers (TJCC) in Marion and Concord, N.C., and Dandy RV Superstore in Oxford, Ala., confirms Camping World Chairman and CEO Marcus Lemonis. This, of course, is big news for the industry at large, coming as it does amid an era of continuing consolidation. Tom Johnson’s, a regional powerhouse... Read more

‘Operational Challenges’ Impact Winnebago 1Q

December 18, 2014 by · Leave a Comment 

Winnebago Industries Inc. today reported a drop in net income on flat sales for the company’s fiscal 2015 first quarter, impacted by “operational challenges.” Revenues for the first quarter, ended Nov. 29, were $224.4 million, an increase of 0.8% versus $222.7 million for the fiscal 2014 first quarter. Net income was $9.9 million, or 37 cents per diluted share, versus $11.1 million, or 40 cents per diluted share, last year while operating income was $14.4 million compared to $16 million. The... Read more

HUD Recommends Backing off on Park Models

December 16, 2014 by · Leave a Comment 

Editor’s Note: The following is a report by Woodall’s Campground Management, sister publication to RVBusiness, on a recent round of committee meetings by the U.S. Department of Housing and Urban Development (HUD) concerning regulations governing park model RVs. Two months after the U.S. Department of Housing and Urban Development (HUD) issued a memo that threatened to cause problems for RV parks and campgrounds with park model RVs as well the manufacturers of the RVs, an advisory committee... Read more

Winnebago Reports Steady Traffic At Louisville

December 15, 2014 by · Leave a Comment 

Dealers examine product at Winnebago’s Louisville exhibit While The Recreation Vehicle Industry Association’s (RVIA) recent National RV Trade Show in Louisville, Ky., didn’t set any attendance records, Scott Degnan, Winnebago Industries Inc. vice president of sales and product management, says the Forest City, Iowa, manufacturer was pleased with the show’s traffic and outcome. ”We had a very good show,” Degnan said. ”I’ve seen a lot of good ones and... Read more

GE Capital Survey: Expectations High for 2015

December 11, 2014 by · Leave a Comment 

Optimism remains high in the recreational vehicle industry, according to survey results released today by GE Capital’s Commercial Distribution Finance (CDF) business. GE Capital reported that 41% of survey respondents said they expect sales to rise 5% to 10% next year, and an additional 26% expect RV sales to grow 10% to 15%. This is similar to last year’s sentiment, where 37% of respondents thought their sales would grow 5% to 10%. “The RV industry has reason to feel optimistic once again,... Read more

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