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Topic: Industry Unit Deliveries August and YTD 2005 vs 2004 (Read 575 times) previous topic - next topic
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Industry Unit Deliveries August and YTD 2005 vs 2004

Yahoo Message Number: 18732
RVIA unit info for August and YTD 2005 vs 2004...FYI

"Class A motorhomes were down 13.2% for the month with 3,300 units shipped compared with 3,800 last year. Year-to-date, 26,600 Class A's were delivered versus 31,600 in 2004."

Note that Class A deliveries were down nearly 16% YTD and 13% for August.

That is not good news for those manufacturers that increased productive capacity and increased their basic "breakeven" during the 2003-2004 unit volume ramp up. Would be difficult being CEO in this industry right now...unless you are heavy into trailers with FEMA buying most of the current production.
National RV Holdings appears to be struggling...my guess is that the CC subsidiary is doing OK but is being pulled down by the other brands. Stock is down 6% today to $4.82 near 12 month low vs 12 month high of $12.40.

Winnebago also posted their results today and actually did quite well to maintain profits and stay close to plan inspite of the unit shortfall. That is why Winnebago stock is up today.

Used MHs are also not selling well and increasingly you see on-line dealers moving their asking prices closer to NADA Wholesale...well below low retail. Also, follow up with private party sales and you will confirm sales at or below wholesale.

Please don't SCREAM at me...there ARE exceptions...but most used units priced anywhere near retail are sitting. Many owners have rejected offers during the last six months that they would love to accept NOW.

FWIW...Tom Rootness in Northern Minnesota...no garage...CC wannabe but too late to buy this year!