RVBusiness

Milwaukee-based specialty vehicle manufacturer REV Group Inc. plans to raise up to $100 million in its initial public offering, according to a preliminary prospectus it filed Monday (Oct. 24) with the SEC. REV Group is parent to REV Recreation Group,builder of American Coach, Monaco Coach, Holiday Rambler and Fleetwood RV motorhomes. As reported by the Milwaukee Business News, the prospectus […]

Indianapolis-based Allison Transmission Holdings Inc. is reporting third-quarter net income of $44.6 million, down from $46.5 million during the same period last year. The company says net sales were also down 12%, driven by lower demand in the North American on-highway and off-highway markets. Chief Executive Officer Lawrence Dewey noted that the company’s third-quarter results were within […]

Thor Motor Coach has introduced a new Miramar 37.1 floorplan featuring two full bathrooms and bunk beds built on the dependable Ford F-53 motorhome chassis. According to a press release, the Miramar 37.1 is “elegantly styled” with high-gloss hand-crafted Amish cabinetry, the authentic look of wood plank flooring, and solid-surface kitchen countertops. The Miramar includes modern […]

Michael Shoemaker is sitting at a picnic table in front of his recreational vehicle on an early October evening here at the Red River State Recreation Area. As reported by the New York Times, Shoemaker is a work camper, one of thousands of modern-day nomads who live in their motor homes or trailers, traveling from […]

General Motors Co. reported record third-quarter profit and sales, beating analysts’ estimates on demand for light trucks in the U.S. and luxury vehicles in China. Bloomberg reported that net income more than doubled to $2.8 billion, GM said in a statement Tuesday (Oct. 25), and adjusted earnings of $1.72 a share exceeded the $1.47 projected […]

Deliveries to retailers of all RVs were reported at 33,704 units in the September survey of manufacturers, 20.5% greater than this same month last year. This was the best September total in nearly four decades with significant gains recorded in all towable RVs and Class B motorhomes. Seasonally adjusted, shipments in the month of September were […]

Clean Seal Inc. was recently selected as a “2016 Top 10 Vendor” by Newmar Corp., Nappanee, IN. the company, according to an announcement. Newmar executives presented the award to Clean Seal at its vendor appreciation banquet held Oct. 20, at Das Dutchman Essenhaus in Middlebury.  In addition to Clean Seal’s recognition for being  a “Top Ten Vendor,” […]

Elkhart, Ind.-based ASA Electronics has expanded its RV sales team with the addition of Jeff Gray as the newest RV OEM account manager. According to a press release, with almost 30 years of experience in the RV industry, Gray is well suited to take on his new responsibilities which include working with new and existing customers […]

The Consumer Confidence Index hit 98.6 in October, down from 104.1 in September, according to data from The Conference Board on Tuesday (Oct. 25). CNBC reported that economists expected the index to hit 101.5 in October, according to a Thomson Reuters consensus estimate. The survey, a closely followed barometer of consumer attitudes, measures confidence toward […]

A recent study found Patrick Industries Inc.’s stock performed the best in Indiana over the past five years. The study, conducted by financial technology company SmartAsset, found that Elkhart, Ind.-based Patrick’s stock performed the best in the state between January 2011 and March 2016. Patrick is a supplier of components for the recreational vehicle and […]