Top

Winnebago 3Q Profit Soars 94%; Sales up 40%

June 27, 2013 by · 1 Comment 

Winnebago Industries Inc.’s fiscal third-quarter earnings soared 94.4%, boosted by improved margins and heightened demand for motorhomes.

“We worked extremely hard to deliver significant improvement in the third quarter as compared to the prior year,” said Winnebago Industries Chairman, CEO and President Randy Potts.  “We again increased our shipment volume in nearly every sector of our business due to the continued rise in customer demand.”

Revenues for the third quarter, ended June 1, increased 40.1% to $218.2 million versus $155.7 million for the third quarter of fiscal 2012.  The Forest City, Iowa-based company. Net income for the period rose 94.4% to $7.7 million, or 27 cents per diluted share, from $3.9 million, or 13 cents per diluted share, a year ago. Winnebago reported operating income of $10.2 million for the quarter, an increase of 190.6%, versus $3.5 million for the third quarter of fiscal 2012.

Earnings in the third quarter were positively impacted by increased motorhome volumes, driven by higher dealer and retail consumer demand.  The increased volumes, along with lower incentives, provided fixed cost leverage, higher operating margins, net income and earnings per share as compared to the same quarter last year.  Net cash generated from operations was $19.2 million in the third quarter.

Revenues for the first 40 weeks of fiscal 2013 grew 40.5% to $588.9 million compared to $419.1 million for the first 39 weeks of fiscal 2012. Net income for the first nine months soared 425% to $21.3 million, or 76 cents per diluted share, versus $4.1 million, or 14 cents per diluted share, the year prior. Winnebago reported operating income of $29.1 million for the first nine months versus $3 million for the same period in fiscal 2012.

Potts noted, “We are very pleased with the marketplace response to our new 2014 motorhome and towable products, including the new Winnebago Forza and Itasca Solei. These products provide our dealers and retail customers with a new price point targeted at the largest growth component of the Class A diesel category. We are focused on bringing these exciting new products and others to market.

“Since the initial introduction to our dealer partners in late April at our Dealer Days event, we have moved forward with our planned staggered retail product rollouts which will continue throughout the coming months. We have had exceptional growth throughout fiscal 2013, experiencing the best shipment quarter in over five years, while still increasing our sales order backlog.”

 

 

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

SSI: Motorhome Sales See 30% Growth in April

June 13, 2013 by · Leave a Comment 

Year-over-year motorhome registrations jumped 29.8% in April while sales for the four months increased 27.3%, according to the latest report from Statistical Surveys Inc. (SSI).

Thor Industries Inc. held the No. 1 spot in year-to-date motorhome registrations with a 26% market share followed by Winnebago Industries Inc. (18.4%). Forest River Inc.’s and its Coachmen RV division tied for the No. 3 position with a 12% share.

In the Class A category, April sales climbed 30.7% compared with 2012 and were up 25.2% for the four months. Thor led the sector through April, posting a 21.8% market share, edging Winnebago who captured a 21.1% share. Tiffin Motorhomes Inc. was No. 3 with a 17.8% share.

Class C sales gained 28.8% for the month and 29.7% year-to-date. Thor led the category for the four months with a 30.6% market share, followed by Coachmen RV (19.1%), Forest River (17.2%) and Winnebago (15.5%).

April rental registrations, primarily Class C sales, were up 9% in April.

To subscribe to this or other SSI reports, contact Scott Stropkai, national RV sales manager, at (616) 281-9898 ext 128, or (616) 446-8179 (cell).

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Baird: Rentals Boost March Motorhome Sales

May 17, 2013 by · Leave a Comment 

Editor’s Note: The investment firm of Robert W. Baird & Co. issued a client newsletter after this week’s release by Statistical Surveys Inc. of the summary of retail sales of motorhomes in the month of March. Excerpts from the Baird newsletter follow.

U.S. Motorhome retail +25%. According to data from Statistical Surveys, motorhome (Class A & C) retail increased 25% in March. Class A sales improved 11% while Class C retail jumped 43%. We believe timing of rental units may be creating monthly volatility. Thor motorhome retail grew 31% through two months of the company’s fiscal Q3 (+69% in March, +1.5% in February). Thor reported Q3 preliminary sales May 2. Winnebago motorhome retail improved 1% in its first month of fiscal Q3.

Motorhome retail registrations in the U.S. increased 25% in March. Class A registrations improved 11% while Class C reported registrations rebounded to +43% growth in March after declining 1% in February. We note that the timing of rental fleet sales may be skewing March Class C data higher (after skewing it lower in February). Year-to-date Class C retail improved 27% while Class A demand improved 21%. Industry comparisons become easier in April and May before picking up in the summer.

Solid QTD results for Thor. Thor motorhome retail increased 69% in March after a stagnant February (+1.5%) – we believe the timing of rental fleet units may have contributed to the monthly volatility. Through the first two months of Thor’s fiscal Q3, the company’s U.S. motorhome demand improved 31% – a result that may dampen fears of an excessive inventory build after the weak February retail report and Thor’s solid preliminary sales report. We model Thor North American retail growth of 20% in fiscal Q3.

Winnebago. Winnebago U.S. motorhome retail increased just 1% in March. We model Winnebago North American retail growth at 20% for the May quarter. We remain comfortable with our forecast, noting the early stage of the quarter, frequent upward data revisions, and expectation for additional retail reports prior to Winnebago’s quarterly report.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

SSI: March Motorhome Sales Post 25.5% Rise

May 16, 2013 by · Leave a Comment 

Year-over-year motorhome registrations jumped 25.5% in March while sales for the first quarter increased 23.5%, according to the latest report from Statistical Surveys Inc. (SSI).

Thor Industries Inc. held the No. 1 spot in year-to-date motorhome registrations with a 25.9% market share followed by Winnebago Industries Inc. (17.4%), Forest River Inc.’s Coachmen RV division (13%) and Forest River (11.5%).

In the Class A category, March sales climbed 10.8% compared with 2012 and were up 20.6% for the three months. Thor led the sector through March, posting a 21.4% market share, while Winnebago held a 21% share and Tiffin Motorhomes Inc. was No. 3 with an 18.6% share.

Class C sales soared 43.4% for the month and 27.1% year-to-date. Thor led the category for the three months with a 31.2% market share, followed by Coachmen RV (21.6%), Forest River (16.8%) and Winnebago (13.1%).

March rental registrations, primarily Class C sales, were up 96% in March.

To subscribe to this or other SSI reports, contact Scott Stropkai, national RV sales manager, at (616) 281-9898 ext 128, or (616) 446-8179 (cell).

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

SSI: A’s Drive Feb. Coach Sales to 8% Growth

April 11, 2013 by · Leave a Comment 

Year-over-year motorhome registrations rose 7.9% in February while sales for the two months increased 15.6%, according to the latest report from Statistical Surveys Inc. (SSI).

Thor Industries Inc. held the No. 1 spot in year-to-date motorhome registrations with a 26.7% market share followed by Winnebago Industries Inc. (19.2%), Forest River Inc. (11.9%) and Tiffin Motorhomes Inc. (10.8%).

In the Class A category, November sales climbed 16.6% compared with 2012 and were up 22% for the two months. Winnebago led the category through February, posting a 22.6% market share, while Thor held a 21% share and Tiffin was No. 3 with an 18.4% share.

Class C sales edged down 0.8% for the month but grew 7.6% year-to-date. Thor led the category for the two months with a 34.7% market share, followed by Forest River (19.7%), Winnebago (14.4%) and Forest River’s Coachmen RV division (13.7%).

February rental registrations, primarily Class C sales, fell 23% in February.

To subscribe to this or other SSI reports, contact Scott Stropkai, national RV sales manager, at (616) 281-9898 ext 128, or (616) 446-8179 (cell).

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Winnebago 2Q Reflects Seniors are Confident

March 29, 2013 by · Leave a Comment 

Winnebago Industries Inc. reported surprisingly strong profit on Thursday (March 28), suggesting the growing confidence among U.S. consumers is shared by the 50 and older crowd, the prime demographic for the No. 1 U.S. maker of motorhomes.

Reuters reported that the company said renewed momentum in the broader economy – from surging stock prices to signs of recovery in the housing market – helped push its order backlog to pre-recession levels and its profit past market expectations for the third quarter in a row.

The company’s top executive said demand is still below the levels seen before the housing bubble burst – a collapse that sent recreational vehicle demand plummeting and half dozen of Winnebago’s rivals, including Fleetwood Enterprises and Monaco Coach, into bankruptcy.

Winnebago, known for its large touring vehicles that provide home-like comfort on the road, said its order backlog had nearly tripled from a year earlier to 2,752 units as of March 2, the fifth quarterly rise in a row.

The Forest City, Iowa-based company’s order backlog for motor homes is now at its highest level since the fourth quarter of 2004, said Kathryn Thompson, chief executive of equity research firm Thompson Research Group.

Winnebago said the buyers returning to RV showrooms are showing an appetite for products across its line, which range in price from about from $65,000 to more than $300,000. Most of Winnebago’s customers are either retired or semi-retired, the company said.

According to Reuters, the apparent rebound in the U.S. housing market may be the most important factor of all. Motorhome sales are sensitive to a lot of factors, but tend to be most strongly influenced by the housing market and energy prices.

Winnebago says its sales closely track the ups and downs of the market for new homes. Earlier this month, the Commerce Department reported that permits for future construction jumped 4.6% in February, the fastest pace since June 2008.

Randy Potts, the company’s chairman, president and CEO, cautioned that while retail trends are positive, consumer demand is still “not even close” to where it has been historically – before industry sales peaked in 2004 and began their long slide in 2005.

“What we’ve gone through in recent years wasn’t a cycle, it was a catastrophe,” Potts said in an interview with Reuters.

But pent-up demand from consumers who postponed purchases waiting for the economy to recover may change that.

Potts said that in the 25 years before 2004 and 2005, the RV industry would ship an average of 60,000 motorhomes annually. In 2013, even with the current rebound in demand, the industry expects to ship about 32,000 units.

“That’s still just 50 percent of what we want to say is a normal market,” Potts said.

“So if you believe that the RV lifestyle is alive and well and that normal hasn’t changed … there should be a real pent-up demand out there.”

Winnebago’s stock, which has risen about 30% since the start of the year, closed down 5.6% at $20.64 on the New York Stock Exchange on Thursday. The stock hit a five-year high of $22.34 on March 14.

There has been some concern that the RV market might be hurt by cuts in federal spending as well as rising fuel prices.

But data released late last month showed that consumer confidence is rebounding.

Winnebago reported a profit of $6.3 million, or 22 cents per share, in the quarter ended March 2, compared with a loss of $9.1 million, or 3 cents per share, a year earlier. Revenue rose 35% to $177.2 million.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Winnebago 2Q Sales Up 35% as Demand Rises

March 28, 2013 by · Leave a Comment 

Benefiting from heightened motorhome demand driven by an improving economic environment, Winnebago Industries Inc. swung to a profit in its fiscal second quarter on a 34.6% gain in revenue.

Sales for the second quarter, ended March 2, totaled $177.2 million versus $131.6 million for the second quarter of fiscal 2012. The Forest City, Iowa-based builder reported net income of $6.3 million, or 22 cents per diluted share, versus a loss of $912,000, or 3 cents per diluted share, the previous year. Second-quarter operating income was $8.9 million compared to an operating loss of $1.2 million a year ago.

The company said earnings in the second quarter were positively impacted by increased motorized demand driving higher sales volume. The added sales volume, combined with firmer net pricing, increased manufacturing productivity and fixed cost leverage, resulted in higher operating margins, net income and earnings per share.

Revenue for the first 27 weeks of fiscal 2013 were $370.7 million, an increase of 40.7%, versus revenues of $263.4 million for the first 26 weeks of fiscal 2012. Net income for the first half of fiscal 2013 was $13.7 million, or 48 cents per diluted share, versus $123,000, or 0 cents per diluted, share for the first half of fiscal 2012. Operating income during the period was $18.8 million versus operating loss of $537,000 the previous year.

“We had very positive comparisons this year versus the first half of fiscal 2012,” said Winnebago Industries Chairman, CEO and President Randy Potts. “Our motorhome sales growth continues to out-pace the industry. As evidenced by the heightened level of our sales order backlog, we continue to see great response to our products from our dealer partners as well as from retail consumers.”

Potts continued, “We believe the motorized RV market will continue to grow toward pre-recession levels. Improved economic indicators such as rising housing starts, lower unemployment and attractive interest rates should create a positive environment going forward.”

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Winnebago Motorhome Backlog Nearly Triples

March 28, 2013 by · Leave a Comment 

The strength and profitability of Winnebago’s motorhome business during its fiscal second quarter – punctuated by a backlog that nearly tripled from a year ago – outweighed “sustained underperformance” in the company’s still evolving towable division.

In a conference call today (March 28) delivered in the wake of a report that showed a 34.6% sales increase and a swing to a $6.3 million profit, the Forest City, Iowa-based firm touted the results from its motorhome operations that yielded a “positive comparison in nearly every aspect of the business,” according to Chairman, CEO and President Randy Potts.

“Our motorhome products are in high demand and continue to outpace the industry, which has resulted in an increase in motorhome backlog over the last five quarters,” Potts said, noting that the year-to-date backlog stood at 2,752 units.

Accordingly, production lines “are completely filled and running,” reported Vice President and CFO Sarah Nielsen, a situation that has also spurred a spike in hiring. “With the pace that we’re running, we are behind where we want to be on head count,” she said, “but we are still looking to expand our run rates and work force.”

Nielsen also pointed to higher gross margins during the quarter compared to a year ago, primarily achieved through a reduction in discounting of product.

Potts stressed, however, that the lack of Class A gas chassis from Ford Motor Co., the industry’s key supplier, continued to pose a challenge. “It represents a constraint on the entire industry, and it appears to be a constraint for the foreseeable future based on demand and what Ford says it can supply,” he said.

Looking forward, Potts offered a progressive outlook for motorhome demand, stating, “We believe the motorized RV market will continue to grow toward pre-recession levels. Improved economic indicators such as rising housing starts, lower unemployment and attractive interest rates should create a positive environment going forward.”

On the towable side, Winnebago continues to operate in the red, incurring an operating loss of $850,000 in the second quarter, according to Nielsen. Winnebago launched its towable group with the acquisition of Middlebury, Ind.-based SunnyBrook Manufacturing Inc. in December of 2010.

“This is not acceptable,” Nielsen said, pointing to the adverse effects of increased warranty expense coupled with one-time employee separations. “We are addressing these issues, including several management changes and the closing of one of two assembly plants. We have also centralized warranty and service operations to Iowa.”

Demonstrating the gap in divisions, motorhome deliveries for the quarter rose 42% to 1,419 units while towables edged up just 2.5% to 548 units.

The most high-profile personnel change was the recent promotion of industry veteran Johnny Hernandez as president of Winnebago Towables, replacing Elvie Frey, former president of SunnyBrook. “With these improvements, our goal is to achieve break-even results in the fiscal fourth quarter,” Nielsen said.

Potts added that the towable market still represents a “tremendous opportunity” for Winnebago. “Many parts of our strategy have worked well, but there are parts that didn’t work out,” he said. “We have a number of details that need to be shored up.”

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

SSI: Motorhomes Sales Rise 22.5% in January

March 13, 2013 by · Leave a Comment 

Year-over-year motorhome registrations were up 22.5% in January, according to the latest report from Statistical Surveys Inc.

Thor Industries Inc. (23%) edged out Winnebago Industries Inc. (21.1%) for the No. 1 spot in January motorhome registrations, followed by Tiffin Motorhomes Inc. (11.5%) and Forest River Inc. (11.4%).

In the Class A category, January sales rose 24.7% compared with 2012. Winnebago led the category, posting a 22.9% market share, while Thor held a 20.9% share and Tiffin was No. 3 with an 17.8% share.

Class C sales grew 18.7% in January with Thor leading the category with a 26.8% market share, followed by Forest River (20.7%). Winnebago and Forest River’s Coachmen RV division tied for the No. 3 spot with a 17.9% share.

A small number of rental registrations, predominantly Class C sales, rose 8% in January.

To subscribe to this or other SSI reports, contact Scott Stropkai, national RV sales manager, at (616) 281-9898 ext 128, or (616) 446-8179 (cell).

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Motorhomes See A Revival as Buyers Step Up

March 1, 2013 by · Leave a Comment 

Bill and Jill Phipps shuttle between homes around the country to keep in touch with grandchildren. But, according to a report by USA Today, they got tired of crating up Rockne, their Irish Wolfhound mutt, for seven-hour plane rides.

So, with some trepidation, the Tucson couple recently became first-time RVers.

They took delivery of a new 24-foot motorhome a couple of months ago, contributing to a wave of sales that are lifting an industry rebounding from the depths of recession.

Deliveries of motorhomes from manufacturers to dealers rose 13.6% last year and are expected to climb by almost the same amount this year, the Recreation Vehicle Industry Association (RVIA) reports. Last year marked the third year of increases from a recessionary bottom that that saw sales fall to the lowest levels since at least the 1970s.

With the spring RV-buying season approaching, there’s a growing optimism in the business that affluent families and retirees such as the Phipps are ready to take the plunge. After a round of consolidation, including bankruptcy filings by a couple of the industry’s big names, motorhome makers are starting to hit the road again.

That’s good not only for the RV industry but for the economy in general. Purpose-built motorhomes typically retail for more than $100,000 and because they’re used for vacations, they’re the ultimate discretionary purchase. The pickup in sales is an early indicator that people might be willing to start spending again — and not just on big-ticket items they can’t do without.

But it’s also an American comeback story: Almost all RV rigs are U.S.-made, many in Indiana. Unlike the auto industry, motorhome makers have few foreign competitors, although some are starting to knock at the door.

“People are tired of waiting for things to turn around,” says Sheila Davis, spokeswoman for Winnebago Industries Inc. Some customers “who could have bought a motorhome during the downturn … chose to wait. Now, they are feeling more confident.”

That confidence is bolstered by waves of retiring Baby Boomers, their 401(k)s fattened by the stock market’s recent rally, who always dreamed of roaming the hinterlands. Working against motorhome makers, however, is the painfully slow pace of the recovery and persistently high and unpredictable fuel prices.

To read the entire article in USA Today click here.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Winnebago Ranks as Motorhome Sales Leader

February 14, 2013 by · Leave a Comment 

Winnebago Industries Inc. has been recognized by Statistical Surveys Inc. as the top performing motorhome manufacturer with both the largest volume and the largest overall growth in motorhome retail registrations during calendar 2012, the company stated in a press release.

In the U.S. motorhome retail registration report issued yesterday by Statistical Surveys for December of 2012, Forest City, Iowa-based Winnebago was listed as the top selling manufacturer for Class A and Class C motorhomes in calendar 2012, with market share of 20.6% compared to 19.0% for calendar 2011. Winnebago Industries’ volume growth was 16.1% above retail registrations during calendar 2011 compared to industry growth of 7.3%.

In the U.S. Class A market segment, Winnebago Industries is also the top-selling market leader with 22.2% for calendar 2012. In addition, the Company also led the U.S. Class A gas market segment with 24.2% market share, grew U.S. Class A diesel market share to 19.4% and U.S. Class C market share to 18.5% for calendar 2012.

“We are passionate about developing and delivering innovative new products of the highest quality backed by best-in-class support after the sale,” said Winnebago Vice President of Sales and Product Management Scott Degnan. “These dynamic retail statistics both confirm and continue to fuel that drive. Thanks to our industry leading and loyal dealer network along with the hard work of our employees, we are establishing new, higher benchmarks for ourselves. We congratulate our dedicated employees and our strong dealer partners in achieving this top selling position. We will continue to work diligently to develop exciting new products and to provide industry-leading support for our dealers and retail customers.”

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

SSI: Motorhome Sales Post 7.3% Gain for 2012

February 14, 2013 by · Leave a Comment 

Year-over-year motorhome registrations were up 1.6% in December while sales for the full year increased 7.3%, according to the latest report from Statistical Surveys Inc.

Winnebago Industries Inc. (20.6%) edged out Thor Industries Inc. (20%) for the No. 1 spot in 2012 motorhome registrations, followed by Forest River Inc. (12%) and Fleetwood RV Inc. (11.4%).

In the Class A category, December sales rose 4.5% compared with 2011 and were up 6.5% for the 12 months. Winnebago led the category for the full year, posting a 22.2% market share, while Tiffin Motorhomes Inc. held a 19.6% share and Thor was No. 3 with an 18.7% share.

Class C sales dipped 3.8% for the month but grew 8.4% year-to-date. Thor led the category for the 12 months with a 21.7% market share, followed by Forest River (18.7%), Winnebago (18.5%) and Forest River’s Coachmen RV division (18.1%).

Rental registrations, predominantly Class C sales, rose 87% in December but were down 15% for the year.

To subscribe to this or other SSI reports, contact Scott Stropkai, national RV sales manager, at (616) 281-9898 ext 128, or (616) 446-8179 (cell).

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

SSI: November Motorhome Sales Flat, Fall 0.4%

January 11, 2013 by · Leave a Comment 

Year-over-year motorhome registrations were flat in November, down just 0.4%, while sales for the 11 months increased 7%, according to the latest report from Statistical Surveys Inc.

Winnebago Industries Inc. (20.4%) edged out Thor Industries Inc. (20.1%) for the No. 1 spot in year-to-date motorhome registrations, followed by Forest River Inc. (12.1%) and Fleetwood RV Inc. (11.5%).

In the Class A category, November sales edged down 2.2% compared with 2011 and were up 5.9% for the 11 months. Winnebago led the category through November, posting a 22% market share, while Tiffin Motorhomes Inc. held a 19.5% share and Thor was No. 3 with an 18.7% share.

Class C sales grew 2.9% for the month and 8.5% year-to-date. Thor led the category for the 11 months with a 21.9% market share, followed by Forest River (18.4%), Winnebago (18.3%) and Forest Rivers Coachmen RV division (18.1%).

A low volume of rental registrations, all Class C sales, rose 67% in November.

To subscribe to this or other SSI reports, contact Scott Stropkai, national RV sales manager, at (616) 281-9898 ext 128, or (616) 446-8179 (cell).

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

SSI: Oct. Motorhome Sales Notch 5.1% Growth

December 11, 2012 by · Leave a Comment 

Year-over-year motorhome registrations increased 5.1% in October and 7.3% for the first 10 months, according to the latest report from Statistical Surveys Inc.

Thor Industries Inc. ranked as the motorhome sales leader year-to-date with a 20.2% market share, followed by Winnebago Industries Inc. (20.1%) and Forest River Inc. (12.1%).

In the Class A category, registrations in October were up 4.1% compared with 2011 and 6.2% year-to-date. Winnebago led the category through October, posting a 21.8% market share, while Tiffin Motorhomes Inc. held a 19.7% share and Thor was No. 3 with an 18.6% share.

Class C sales grew 6.7% for the month and 8.6% year-to-date. Thor led the category for the 10 months with a 22.2% market share, followed by Forest River’s Coachmen RV division (18.4%), Forest River (18.3%) and Winnebago (17.9%).

A low volume of rental registrations, primarily Class C sales, fell 33% in October.

To subscribe to this or other SSI reports, contact Scott Stropkai, national RV sales manager, at (616) 281-9898 ext 128, or (616) 446-8179 (cell).

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

SSI: Coach Sales up 14% for 3Q, 3.7% in Sept.

November 15, 2012 by · Leave a Comment 

Year-over-year motorhome registrations edged up 3.7% in September and 6.9% for the first nine months, according to the latest report from Statistical Surveys Inc. Sales increased 14.1% for the third quarter.

Thor Industries Inc. ranked as the motorhome sales leader year-to-date with a 20.4% market share, followed by Winnebago Industries Inc. (19.9%) and Forest River Inc. (12%).

In the Class A category, registrations in September dipped 3.5% compared with 2011, while sales were up 5.8% for the nine months. Winnebago led the category year-to-date, posting a 21.7% market share, while Tiffin Motorhomes Inc. held a 19.8% share and Thor was No. 3 with an 18.7% share.

Class C sales grew 16% for the month and 8.3% year-to-date. Thor led the category through September with a 22.5% market share, followed by Forest River’s Coachmen RV division (18.6%), Forest River (17.9%) and Winnebago (17.7%).

A low volume of rental registrations, primarily Class C sales, fell 57% in September.

To subscribe to this or other SSI reports, contact Scott Stropkai, national RV sales manager, at (616) 281-9898 ext 128, or (616) 446-8179 (cell).

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

« Previous PageNext Page »

Bottom