RV Manufacturers Hit the Skids in 2007

Bloomberg reported that overall RV sales are down for 2007. “None of the five largest recreational-vehicle makers has posted a 2007 stock gain. Riverside, California-based Fleetwood Enterprises Inc. declined 33 percent and Coachmen Industries Inc. of Elkhart, Indiana, fell 52 percent. Coburg, Oregon-based Monaco Coach Corp. dropped 35 percent, while Winnebago declined 37 percent. Thor, which hasn't had an annual loss since it was formed in 1986, slid 23 percent.” Read the article "Recession Signs Grow as Winnebago Leads U.S. RV Drop (Update2)" at Bloomberg.com.RV’s have been a traditional early indicator of a looming economic recession since they are largely based on discretionary spending. So far this year RV deliveries are down 11.1%. Still, industry analysts are optimistic, “Shipments will probably end the year down 10 percent, said Mack Bryan, vice president of administration at the RV industry trade group, which is holding this week's Louisville show.” I’ve been talking to RV salesmen and others in the RV industry and they confirm the slow-down in sales. So, if you’re looking for a good deal, this next year should see many RV dealers anxious to move their products and more willing to come down in price. Helping you make your best deal - Jim Twamley, Professor of RVing