Since the introduction of the Travel Trailer and Camper Tax Parity Act (H.R. 332) by Representatives Rudy Yakym (R-IN-02) and Dina Titus (D-NV-01) on January 13, 2025, the bill has garnered additional support from seven cosponsors. This early backing underscores the importance of addressing the floor plan financing challenges faced by RV dealers, according to a News & Insights report by the RV Industry Association (RVIA).
The seven new cosponsors are:
Rep. Randy Feenstra (R-IA-04)
Rep. Jim Baird (R-IN-04)
Rep. Claudia Tenney (R-NY-24)
Rep. Mike Kelly (R-PA-16)
Rep. Troy Balderson (R-OH-12)
Rep. Erin Houchin (R-IN-09)
Rep. Carol Miller (R-WV-01)
The Travel Trailer and Camper Tax Parity Act aims to rectify a drafting oversight in the 2017 Tax Cuts and Jobs Act, ensuring that RV dealers can fully deduct interest on floor plan financing for all RVs, including non-motorized towable trailers, which constitute 88% of RV sales. Currently, interest on floor plan financing for travel trailers is subject to a 30% limitation based on earnings before interest and taxes, unlike motorhomes.
The growing support highlights recognition of the RV industry’s significance and the necessity of fair financial practices to support its continued growth. We appreciate our early cosponsors who are supporting our efforts to ensure that all segments of the RV industry are treated fairly.
For more information or to learn how to support the industry’s efforts, please contact Samantha Rocci, Director of Federal Affairs, at [email protected].
California has enacted a new regulation aimed at promoting zero-emission motorhomes, posing significant challenges for the recreational vehicle industry, according to a report by MSN. The Advanced Clean Trucks Act requires manufacturers of medium and heavy vehicles, including motorhomes, to sell an increasing percentage of zero-emission vehicles (ZEVs) each year.
The regulation mandates that manufacturers of Class 2B to Class 8 models begin selling ZEVs this year, with a target to increase sales by 7 to 11 percent by in 2025. The goal is to have 55 to 75 percent of RVs be zero-emission by 2035.
However, the RV Industry Association has expressed concerns, stating that there are currently no electric RVs on the market deemed feasible for mass production. This could impact the availability of motorhomes, potentially leading buyers to explore other options.
Danielle Dickinson, owner of TowTally Camping RV Sales and Service, which sells towable RVs in three California locations, suggested camper trailers as a great alternative to RVs.
“A good alternative is a towable traveler that’s what we specialize in,” Dickinson said. “You can tow with a half-ton truck or a three-quarter-ton truck, which meets all of the requirements for the Emissions Control Act.”
BROOKFIELD, Wis. – REV Group Inc.’s Recreational Vehicles Segment brands announce strong show results from the 40th Annual 2025 Florida RV SuperShow that ran from Jan. 15-19 in Tampa, Fla. Customers were able to order and purchase new units from brands including Fleetwood RV, Holiday Rambler, American Coach, Renegade RV, Midwest Automotive Designs and Lance.
“We are proud to share it was a successful Florida RV SuperShow for our brands. The teams reported positive consumer feedback for our new floorplans, but the proof is in the retail sales which were up versus last year, even though overall show attendance dropped,” said Mike Lanciotti, president, REV Recreational Vehicles Segment.
Fleetwood RV, Holiday Rambler and American Coach
Displaying new products such as Class C Gas Sprinters, as well as Class A Diesel and Gas motorhomes with General RV, there were a lot of products to choose from. Gary Gunter, VP-GM, shared that sales increased from 2024 by 60%. In addition, there was a lot of interest in Fleetwood’s new, award-winning 2025 model, the Palisade, resulting in several sales.
Renegade RV
Despite a decline in overall attendance at the show, Renegade RV achieved higher sales this year with its dealer North Trail RV Center. Chris Cook, Renegade’s director of sales, highlighted that the event provided a valuable opportunity to showcase Renegade’s versatility in building on various platforms beyond the big trucks. These include the Vienna on a Sprinter chassis, the Valencia on the STRV chassis, and the Verona and Verona LE on the M2-106 chassis.
Midwest Automotive Designs
The full range of Midwest Automotive Designs’ Class B vans, including the brand-new Heritage line, were on display in three dealer booths – Grezeny’s RV World, Blue Compass RV, and Sunshine State RV. Jake Stephenson, director of sales, reported total sales increased 20% from the 2024.
Lance Camper
Lance Camper showcased its complete lineup of travel trailers and truck campers in partnership with two dealers, Optimum RV and D&H Truck Camper Emporium. The display included the newly introduced Squire, a superior-quality line of travel trailers and truck campers designed to offer exceptional value. According to Gary Conley, Lance’s Director of Sales, the company achieved an impressive 600% increase in sales compared to 2024.
REV Recreational Vehicles Segment includes subsidiaries of REV Group, Inc. (NYSE: REVG), that manufacture a diverse range of recreational vehicles as well as molded fiberglass and lamination. In addition to a genuine parts online warehouse, the segment operates two state-of-the-art service and repair centers. From Lancaster, California to Bristol, Indiana, REV Recreational Vehicles Segment companies span the United States and produce non-motorized travel trailers and truck campers to motorized Class B custom sprinter vans, high-end Class C/Super C motorhomes, and a range of affordable to luxury Class A Gas and Diesel motor coaches. With one of the industry’s best and longest-standing distribution networks, the segment boasts some of the industry’s most recognized and iconic brands; Lance, Holiday Rambler, Renegade RV, American Coach and Fleetwood RV, and Midwest Automotive Designs.
REV Group companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through two segments: Specialty Vehicles and Recreational Vehicles. The Specialty Vehicles Segment provides customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group’s Recreational Vehicles Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group’s portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group’s brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG
Black Book, which publishes a family of vehicle appraisal guides, has released the Black Book RV market commentary for December.
“The average values for Motorhomes and Towables sold at auction declined last month, with Towables dropping more than they have in quite some time. Given the time of year and how seasonal the RV market is, this movement was not really a surprise to most industry observers. Warmer weather and its accompanying uptick in values shouldn’t be that far away,” noted Eric Lawrence, principal automotive analyst, specialty vehicles.
Taking a closer look at the markets, we see that the average selling price for Motorhomes was $60,607, which is down $1,805 (2.9%) from the previous month. Towables came in at $17,083, down $1,203 (6.6%) from last month. One year ago the average motorhome sold for $62,600 and the average towable brought $17,877.
Auction volume was down: motorhomes decreased 7.7% while towables dropped 6.3%.
The average age of motorhomes was nine years old (2016) and towables was five (2020).
Glamping accommodations are becoming increasingly common across the U.S., both in new and existing campgrounds, RV parks and resorts. Between 2024 and early 2026, park operators and developers are adding nearly 465 glamping accommodations to at least six new and 17 existing parks. While most of these new accommodations are park models, furnished glamping tents, glamping pods and covered wagons are also included in the mix.
Following are details involving parks that are adding glamping accommodations and related upscale amenities, based on WCM’s interviews with park operators and developers, published news reports and information gathered through park websites:
New Parks with Glamping Accommodations
Julandy’s Isle Glamping Resort in Leesville, Louisiana
— Peace River Oaks in Bowling Green: This new park, which was slated to open in December, is an RV and glamping destination located along the the tranquil banks of the Peace River near Bowling Green. The main campground consists of 43 full hookup RV sites with concrete pads, picnic tables and firepits, along with 20 riverfront glamping sites all spread across 25 acres.
Louisiana
— Julandy’s Isle Glamping Resort in Leesville: Key Dixon is developing this small glamping resort on land that has been in her family for over a century. Dixon hopes to open with six RV sites and five glamping tents sometime in 2026.
Mississippi
— Serenity RV Park in Belden: This park opened in late November with 52 rv sites, including 48 pull-through and four back-in RV sites. The park also has five cabins.
Skye Texas Hill Country Resort in Fredericksburg, Texas
Texas
— Skye Texas Hill Country Resort near Fredericksburg: This 99-site resort opened in March 2024 and complements its 51 RV sites with 12 glamping pods and 36 cabins. This resort is unique in that it has gigabit-speed WiFi and EV charging stations at every site. The resort also occupies only 30 acres of a remote 250-acre section of wilderness in the Texas Hill Country 15 miles north of Fredericksburg.
Tennessee
— Jellystone Park Camp-Resort at Watts Bar Lake in Loudon: This park was expected to open in February with 173 RV sites and 55 cabins. Amenities will include offer two pools, a large splash pad with two water slides and an outdoor movie theater. Families will enjoy interacting with the Yogi Bear characters, wagon rides, laser tag, gem mining, arts and crafts, and themed weekends. Luxury glamping cabins and premium RV sites are set among the hills and woods overlooking the lake.
— Temecula KOA at Vail Lake in Temecula: Numerous improvements are underway at this campground, including 171 new RV sites, 20 of which are KOA Patio RV Sites; 14 new deluxe cabins; and 12 luxury glamping tents with bathrooms. This park also recently remodeled 20 RV sites.
— Jellystone Park Camp-Resort in Bremen: This park, which is owned and operated by Great Escapes RV Resorts, recently acquired 100 additional acres and is adding 250 additional RV sites and 71 cabins, which are expected to be available in March. A new pool, a multi-level splash park, a Wibit water obstacle course, a waterslide, and a new clubhouse and bathhouse are also being added as part of the expansion.
— Jellystone Park North Port Huron in Carsonville: This park opened 30 new cabins in 2024, boosting the resort’s total to 68 cabins. All RV sites were also upgraded to full hookups, while major improvements were made to the camp store and café.
— Cape Hatteras / Outer Banks KOA Resort in Rodanthe: This campground upgraded four rustic cabins for beach camping with a bed with linens, electricity, a mini fridge, a Keurig, plus air-conditioning and heating, a patio and outside furniture. The cabins are now marketed as “Coastal Cottages.”
— Nashville KOA Resort in Nashville: This campground added 200 RV sites, including 2 KOA RV Signature Sites; 16 deluxe cabins; and 18 tent sites, including one group tent site.
GOSHEN, Ind. – Forest River Bus & Van, North America’s number one shuttle bus and van manufacturer, announced in a press release the acquisition of L.A. West Coaches, a leader in lifestyle enhanced luxury coach design. This strategic acquisition aims to amplify the Forest River Bus & Van product portfolio, offering innovative custom vehicles and strengthening its position in the luxury transportation market.
L.A. West Coaches has established itself as a luxury design and innovation leader. With over three decades of experience serving a diverse clientele, the company has earned a reputation as an expert in crafting high-end custom coaches. As an exclusive Expert Upfitter for the Mercedes-Benz Sprinter platform, L.A. West Coaches is known for creating highly sought after custom vehicles.
“We are excited to welcome L.A. West Coaches to the Forest River family,” said Douglas Wright, Group General Manager of Forest River Bus & Van. “This partnership represents a shared commitment to excellence and innovation. L.A. West Coaches’ proven expertise and dedication to quality align with our values, and we look forward to collaborating to expand our product range.”
For L.A. West Coaches, this acquisition highlights a mutual dedication to innovation, quality, and industry leadership. “The ultimate compliment as a manufacturer is to be recognized by Forest River Bus & Van as a desirable addition to their portfolio of brands,” said L.A. West Coaches President and CEO Vern Kauffman. “Forest River has great respect for the technology we’ve built and taken to market, for our incredible team, and for our culture. The additional resources that Forest River Bus brings to L.A. West will further accelerate our growth and market penetration in the luxury transportation segment.”
STOCKHOLM – Dometic Group AB, a global outdoor tech company with a mission to make mobile living easy, reported fourth quarter 2024 financial results showing improved operating cash flow and EBITA which, the company states, were in line with expectations. Results are reported in Swedish kronas (SEK). One SEK equals 0.091 U.S. dollars.
FOURTH QUARTER 2024
Net sales were SEK 4,785 m (5,327); a decrease of -10%, of which -13% was organic growth.
Operating profit (EBITA) before items affecting comparability was SEK 349 m (465), corresponding to a margin of 7.3% (8.7%). The margin was positively impacted by a one-time positive effect of SEK 63 m in the Mobile Cooling Solutions segment.
Items affecting comparability were SEK -1,164 m (-73) and were mainly related to the Global restructuring program announced on December 12, 2024. Completion of the program is expected within 24 months from the day of the announcement with a gradual effect from the first quarter 2025.
Operating profit (EBIT) was SEK -964 m (242), corresponding to a margin of -20.1% (4.5%). The margin was 4.2% (5.9%) excluding items affecting comparability.
Profit for the quarter was SEK -1,098 m (51).
Earnings per share were SEK -3.44 (0.16). Adjusted earnings per share were SEK -0.35 (0.67).
Operating cash flow was SEK 784 m (488). Cash flow was SEK 379 m (-220).
Net debt to EBITDA leverage ratio was 3.1x (2.7x) at the end of the year. At the end of the third quarter 2024 the ratio was 3.0x.
The Board of Directors proposes a dividend of SEK 1.30 (1.90) per share for 2024.
CEO COMMENT
Juan Vargues, president and CEO, noted “2024 was a difficult year impacted by restrained consumer spending and customers continuing to be cautious with their inventory levels. Due to these challenging market conditions, full year organic net sales declined 12%. In this environment we have continuously been adapting our capacity, and we are today 15% fewer FTEs (Full Time Equivalents) than a year ago. Investments in product development and sales capabilities in strategic growth areas have been prioritized, and the product innovation index improved to 21% (17) supported by a large number of product launches. As a result, we delivered a robust full year EBITA margin before items affecting comparability of 10.8% (12,5) despite the lower volumes.
Considering the lower market demand in recent years and increased competition in certain product categories, specifically for the Land Vehicle Americas segment, we decided to execute a strategic review of our product portfolio and on December 12, 2024, we announced a Global restructuring program. The program includes both portfolio changes and structural cost reductions and will have an annual positive impact on EBITA estimated to SEK 750 m when fully implemented at the end of 2026. After program completion, and assuming current market conditions, we are targeting an EBITA margin before items affecting comparability of 14% for the full year 2027. If the market conditions improve, we feel confident on delivering a margin above this level supported by sales growth and sales mix. As a natural step on our journey, in order to simplify the organizational structure and to secure synergy realization across the different geographies, we are planning to change our Land Vehicles organizational structure. Our three Land Vehicles segments will be consolidated into one Global Land Vehicles segment. A recruitment process for a Global Land Vehicles segment head has been initiated and I will be acting as interim Segment head until we have a new leader in place. For transparency reasons we will continue to disclose net sales and EBITA for Land Vehicles Americas, EMEA and APAC until the Global restructuring program is finalized.
Organic net sales in the fourth quarter declined by 13% compared to the same quarter last year. In the Service & Aftermarket sales channel organic net sales were down 9% as consumers focused on repairing equipment instead of upgrading or replacing. In addition, customers remained cautious of building inventories in a seasonally slower quarter. Organic net sales in the Distribution sales channel declined by 6%, an improvement compared to a double-digit decline in the third quarter supported by the ramp up of our new Mobile Cooling Solutions products. Net sales in the OEM (Original Equipment Manufacturer) sales channel were down 18% with declines in all segments. Compared to the third quarter, we saw less of a decline in OEM net sales across the Land Vehicles Americas and Marine segments. This was partly offset by the Land Vehicles EMEA and Land Vehicles APAC segments where RV (Recreational Vehicles) industry production slowed in the quarter.
The EBITA margin before items affecting comparability for the fourth quarter was 7.3% (8.7), negatively impacted by lower net sales. We continue to invest in product development and sales capabilities in strategic growth areas, and operating expenses in percent of net sales increased as a consequence while the gross profit in percent of net sales was more stable. Total restructuring charges for the Global restructuring program are estimated to SEK 1.2 billion and were reported in full in the quarter as items affecting comparability.
Operating cash flow for the fourth quarter was strong at SEK 0.8 b (0.5). The full year operating cash flow of SEK 4.2 b (5.2) was our second strongest ever supported by continued working capital reductions. The net debt to EBITDA leverage ratio was 3.1x compared to 3.0x at the end of the third quarter 2024, negatively impacted by a weakened Swedish Krona. The cash flow focus remains high across the organization, and we are committed to achieving our net debt to EBITDA leverage ratio target of around 2.5x.
Despite the challenging market conditions, and thanks to the efforts and dedication of our employees around the globe, we have continued to take several important steps on our strategic transformation journey in 2024. As we enter 2025 it is difficult to predict how the current uncertain macroeconomic situation and market conditions will impact demand, particularly in the short term. Retailer inventory levels are below last year in all sales channels, and we expect the demand to gradually recover in the Service & Aftermarket and Distribution sales channels during the first half of the year. In the OEM sales channel, the market conditions varies between different verticals and geographies, but we expect demand to remain under pressure during the first half of the year with improvements during the second half.
The Board of Directors proposes a dividend of SEK 1.30 (1.90) per share for 2024, corresponding to 40% of Adjusted earnings per share. The proposed dividend reflects a balanced view of Dometic’s financial position, business outlook and the current market conditions.
Long-term trends in Mobile Living are strong as a growing number of consumers are enjoying the outdoors globally. We will continue to be proactive and act on short-term market developments while continuing to relentlessly drive our strategic agenda to deliver on our targets.”
PRESENTATION OF THE REPORT Analysts and media are invited to participate in a telephone conference at 10.00 (CET) January 29, 2025, during which President and CEO, Juan Vargues, and CFO, Stefan Fristedt, will present the report and answer questions.
To participate in conference call to ask questions Those who wish to participate in the conference call to ask questions in connection with the webcast are welcome to register on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference. Registration link: https://service.flikmedia.se/teleconference/?id=5007936
This information is information that Dometic Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on January 29, 2025.
Coming off a challenging couple of years, the RV arena is pretty focused on what 2025 might have to offer, with industry observers especially wondering when the retail market might return to an affirmative growth mode.
To help find that answer, RVB and Wells Fargo Inventory Finance are again reaching out to the North American RV sector with the “2025 RVBusiness/Wells Fargo All-Industry Survey” to better gauge the RV sector’s collective mindset.
As such, we’re asking you to respond by the end of business on Friday (Feb. 7) to a quick survey, the results of which will be posted online and published in the March/April issue of RVBusiness.
The $230 billion U.S. recreational boating industry was featured on FOX Business in three segments on Friday, Jan. 24 from the Discover Boating New York Boat Show, in partnership with Progressive Insurance. National Marine Manufacturers Association (NMMA) President and CEO Frank Hugelmeyer was interviewed by FOX Business Correspondent Madison Alworth on the show floor, touching on the state of the recreational boating industry, the impact of American boat manufacturing, and the industry’s outlook for 2025.
“We’re always in communication with the Administration, and we’re confident because of President Trump’s love of domestic manufacturing and his desire to strengthen American manufacturing, that he’ll work to ensure that industries that are globally dominant will remain dominant and even get stronger,” said Hugelmeyer.
The recreational boating industry is a significant driver of the $1.2 trillion outdoor recreation economy and a strong employer of small businesses and American families. Approximately 93% of boat manufacturers are small businesses, and 95% of boats sold in the U.S. are made in the U.S. The majority of boat owners in the U.S. (61%) have a household income of $100,000 or less.
While at the five-day show, FOX Business interviewed boat show attendees who expressed optimism about the economy:
Said one attendee, “I feel good about the economy. You know… I think the new administration, stocks are going to go up, money will be flowing, and we’ll be good to go. We’ll be good to purchase high items like these boats.”
Alworth explained that while there are signs of improvement for boat builders, there are also concerns about tariffs. Alworth noted that the last time President Trump imposed tariffs, American boat builders faced retaliatory tariffs from Canada, the industry’s largest export market, as well as the UK and the EU.
On the subject of tariffs, Hugelmeyer told FOX Business, “[…] We need a carved-out approach to tariffs to position the American boatbuilder globally, and we’re looking forward to working with the Trump Administration to do just that.”
Below are additional videos related to this event.
The $230 billion U.S. recreational boating industry was featured on FOX Business in three segments on Friday, Jan. 24 from the Discover Boating New York Boat Show, in partnership with Progressive Insurance. National Marine Manufacturers Association (NMMA) President and CEO Frank Hugelmeyer was interviewed by FOX Business Correspondent Madison Alworth on the show floor, touching on the state of the recreational boating industry, the impact of American boat manufacturing, and the industry’s outlook for 2025.
“We’re always in communication with the Administration, and we’re confident because of President Trump’s love of domestic manufacturing and his desire to strengthen American manufacturing, that he’ll work to ensure that industries that are globally dominant will remain dominant and even get stronger,” said Hugelmeyer.
The recreational boating industry is a significant driver of the $1.2 trillion outdoor recreation economy and a strong employer of small businesses and American families. Approximately 93% of boat manufacturers are small businesses, and 95% of boats sold in the U.S. are made in the U.S. The majority of boat owners in the U.S. (61%) have a household income of $100,000 or less.
While at the five-day show, FOX Business interviewed boat show attendees who expressed optimism about the economy:
Said one attendee, “I feel good about the economy. You know… I think the new administration, stocks are going to go up, money will be flowing, and we’ll be good to go. We’ll be good to purchase high items like these boats.”
Alworth explained that while there are signs of improvement for boat builders, there are also concerns about tariffs. Alworth noted that the last time President Trump imposed tariffs, American boat builders faced retaliatory tariffs from Canada, the industry’s largest export market, as well as the UK and the EU.
On the subject of tariffs, Hugelmeyer told FOX Business, “[…] We need a carved-out approach to tariffs to position the American boatbuilder globally, and we’re looking forward to working with the Trump Administration to do just that.”
Below are additional videos related to this event.
