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Search resuls for: "RV Industry"


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A few weeks ago, my adult son called to say, "Getting arrested was the best thing that ever happened to me!" In 2014, the night before a college sporting scholarship meeting, I learned my son was arrested for possession of marijuana. Thankfully, he could finish his probation in Florida, where he moved in with his father's family and completed electrician trade school. While he barely attended high school and had a very low GPA, he was a straight-A student in trade school. When he returned to Des Moines after trade school, he continued his sales journey at Best Buy.
Persons: Johnathan, who's Organizations: Service, Business Locations: Florida, Des Moines, California
When consumer sentiment falters or the economy starts to teeter, RV sales follow suit, said Michael Hicks, an economics professor at Ball State University and director of Indiana University’s Center for Business and Economic Research. “People don’t make these large, luxury purchases unless they’re actually feeling better about the economy,” said Hicks, who follows the RV industry closely. “It’s so sensitive to interest rate changes, which often precede a downturn.”A Winnebago travel trailer at Motor Sportsland RV dealership in Salt Lake City on April 6, 2020. Nika Shneyder and her father and business partner, Alex Shneyder, standing by a Chill RV in Malibu RV Park, California, in 2019. They moved down to a historically strong, but noticeably smaller, 493,000 the next year, according to data from the RV Industry Association.
Persons: That’s, Nika Shneyder, “ We’re, ” Shneyder, , Michael Hicks, , Hicks, George Frey, bode, ” Michael J, Happe, hasn’t, We’ve, we’ve, Covid, Alex Shneyder, Nika, they’d, Monika Geraci, David Titus, Ty Wright, there’s, Ball State’s Hicks, ’ Titus, they’re, we’ll, Titus, ” Titus Organizations: CNN, Ball State University, Indiana University’s Center for Business, Economic Research, Bloomberg, Getty, Winnebago Industries, RV Industry, Dealers, RVs, Consumers, HL Enterprise, Manufacturing, of Labor Statistics Locations: Los Angeles, teeter, Salt Lake City, YOLO, Malibu, , California, Elkhart , Indiana, The Northern Indiana, South Bend, Elkhart, , Elkhart .
Airstream unveiled its newest camper van: the Interstate 19X starting at $199,940. Camper van shipments have not dipped as dramatically as travel trailers. See inside the new Mercedes-Benz Sprinter-based camper van with a bathroom, kitchen, living room, and bed. Instead, it's rugged, well-equipped, and a whopping $200,000 at a time when RV interest has dwindled fast. Anybody in the RV industry will tell you sales have looked better.
Persons: Airstream, Camper van, wasn't Organizations: Benz, Service, RV Industry Association Locations: Wall, Silicon
RV maker 27North's newest is a pickup truck-based camper called RexRover. 27North's chief market strategist says the company is seeing high sales despite the RV industry "bloodbath." Sales have been looking grim across the general RV industry. These once-invincible brands have been seeing a dip in RV sales. And shipments for these vehicles have dropped 47.7% from 2023 compared to the same time in 2022, according to July data from the RV Industry Association.
Persons: Winnebago Organizations: Service, RV Industry Association Locations: Wall, Silicon
Sales of travel trailers — and RVs in general — have slumped since the industry's heyday during the COVID-19 pandemic. Amid this decline, Winnebago has unveiled a new cheap travel trailer: the $29,600 Access. AdvertisementAdvertisementWinnebago has unveiled its cheapest entry-level travel trailer yet in a bid to attract budget travelers amid the legacy RV maker's slump in sales. Shipments for these homes on wheels have dropped 47.7% from 2023 compared to 2022, according to July data from the RV Industry Association. And looking at travel trailers specifically, shipments have slid 51.9% during that same period.
Persons: , Winnebago Organizations: Morning, RV Industry Locations: Winnebago
July 25 (Reuters) - The U.S. economy may ultimately skirt a recession, but it's felt like one for months at Jon Ferrando's 103 RV dealerships. "Our industry has always been a little challenged on forecasting around demand," said Jason Lippert, CEO of LCI Industries, a large supplier of parts to the RV industry that is also based in Elkhart. "If I was just looking at RV data, I would be screaming recession," said Michael Hicks, an economics professor at Ball State University in Indiana who tracks the industry, adding that pullbacks in RV shipments have signaled every U.S. recession since 1981. "We expect in the second half of this year shipments (of RVs) will start to increase again," Geraci said. Gregg Fore, an RV industry consultant who previously ran an RV parts supplier, said half the new inventory at some dealers he works with are 2022 models.
Persons: it's, Jon Ferrando's, Ferrando, Michael Happe, Eden, Jason Lippert, Michael Hicks, RVIA, Monika Geraci, Geraci, Gregg Fore, Tyler Hermon, Timothy Aeppel, Dan Burns, Paul Simao Organizations: Winnebago Industries, Federal Reserve, RV Industry Association, Thor Industries, LCI Industries, Ball State University, Dealers, Thomson Locations: U.S, Fort Lauderdale , Florida, RVs, United States, Elkhart , Indiana, Eden Prairie , Minnesota, Elkhart, Indiana, North America, RVing
Jefferies upgrades Carnival to buy from hold Jefferies said it sees a "confluence of positive dynamics" for Carnival. Citi initiates Apple as buy Citi said it sees further upside for the tech giant, slapping a Street-high $240 price target. Citi initiates Dell as buy Citi said the computer maker is gaining share. Goldman Sachs reiterates Nike as buy Goldman Sachs said it's standing by shares of Nike after the company's earnings report Thursday. " Bank of America reiterates T-Mobile as buy Bank of America said the stock is "undervalued."
Persons: TD Cowen, Cowen, Goldman Sachs, Goldman, Jefferies, Snowflake, Virgin, Daiwa, NKE, Stephens, SolarEdge, Riley, Stifel, Davidson Organizations: Citi, Pacific Biosciences, Pacific Bioscience, Jefferies, Deutsche Bank, Apple, Dell, Bank of America, Virgin Galactic, underperform Bank of America, Virgin Galactic's, Italian Air Force, AMD, Intel, Nike, BMO, FirstService Brands, Occidental Petroleum, Mobile, Southwestern Energy Locations: 3Q23, China, Occidental, midstream
Ford revealed the Transit Trail, a new van specifically for the van life community. The automaker on Thursday unveiled the 2023 Transit Trail, an adventure-oriented version of its Transit commercial van. The 2023 Ford Transit Trail. The 2023 Ford Transit Trail. The 2023 Ford Transit Trail.
Germany's Volkner Mobil creates custom luxury RVs. The vehicles come fitted with a fully equipped kitchen, a bathroom, a bedroom, and a "garage." The German manufacturer Volkner Mobil, run by married couple Gerhard and Stephanie Volkner, makes custom luxury RVs. So he decided to build one himself, using the chassis of a truck, Stephanie Volkner said in an interview with Insider. The cheapest version Volkner Mobil offers costs 425,000 euros, with most models costing between 1.1 million and 1.8 million euros, which is around $1.07 million to $1.75 million, Volkner said.
For Debra and Barry Benton, RVing is all about building community — both on the road and online. They run a blog and social media community, The Virtual Campground, and an online course for fellow RVers about repairing their vehicles, called "Fix It Yourself." "That first year that we were on the road, we noticed that what you really miss when you go out and become a full-timer is that sense of community," Debra Benton told Insider. The Bentons' RV. Debra Benton.
"Tesla would never have been able to reinvent the car had they been in the car business," King said. "Just being in that changes your field of vision. We think it was necessary to not be in the RV industry to create a truly new and unique product." The entry door.
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