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09-20-2018, 07:12 AM
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#1
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Senior Member
Join Date: Jul 2018
Location: Escondido
Posts: 163
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Is the bubble popping?
Looks like Thor earnings are worse than projected with flat/declining sales...
https://www.investors.com/news/thor-...tock-rv-sales/
__________________
2017 Outback 330RL 15th Anniversary Edition (stationary full timer)
2006 GMC 2500HD Duramax CC 4x4 w/SunLite pop-up camper
Dust Junkies Racing, 3 time Baja 1000 Class Champions
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09-20-2018, 07:28 AM
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#2
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Senior Member
Join Date: Nov 2017
Location: Picacho, Az
Posts: 6,809
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Of course they'll flatten out!
There have been record sales of rvs for the last few years, everyone has already bought one, supply & demand. Has nothing to do with a particular manufacturer, it just happens Thor is the biggest so it shows up first.
__________________
Full-timed 10+ years
Sold '13 Redwood FB
Traded '13 GMC Denali DRW D/A
Replacement undetermined
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09-20-2018, 09:44 AM
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#3
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Senior Member
Join Date: Oct 2014
Location: Germantown, TN
Posts: 6,309
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Uh huh. You must be promoting the naysayers magazines. Sales up 17% in '17 and CW to increase sales locations by 30% in the next two years. Did I miss something?
__________________
Jim in Memphis, Wife of 51 years is Brenda
2019 F450 6.7 Powerstroke
2018 Mobile Suites 40RSSA
2021 40' Jayco Eagle
2001 Road king w/matching Harley sidecar
2021 Yamaha X2 Wolverine 1000
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09-20-2018, 10:13 AM
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#4
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Senior Member
Join Date: Jul 2018
Location: Escondido
Posts: 163
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I didn't write the article, not promoting anything, was somewhat surprised to see the article. I too thought the business was booming for the manufacturers.
__________________
2017 Outback 330RL 15th Anniversary Edition (stationary full timer)
2006 GMC 2500HD Duramax CC 4x4 w/SunLite pop-up camper
Dust Junkies Racing, 3 time Baja 1000 Class Champions
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09-20-2018, 10:24 AM
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#5
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Senior Member
Join Date: Mar 2017
Location: Petersburg, KY
Posts: 276
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I am not surprised at all that sales would decline. if one year is up and the next year is still better than 2 years ago but down from last, that's a decline. Only so many people want a camper, and something tells me camping is not #1 on the millennials list.
__________________
2017 Fuzion 417
2018 Ram 3500 Longhorn
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09-20-2018, 11:49 AM
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#6
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Site Team
Join Date: Mar 2011
Location: Gaylord
Posts: 26,846
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Ironically, one of the related links at the bottom of that page carries this headline: Winnebago Earnings Surprise Sends RV Stock Soaring
So, as said before, if earnings are at record highs for 3 or 4 years in a row and this year is slightly off from last year, it's a decline even though it's still double or triple what it was 3 years ago. We used to call it "creative writing" or "creative reporting" more used to build an impression than to report facts.
The RV industry is and has been at record highs and growing by leaps and bounds for the past 5 or 6 years. Even with a "downturn in sales" there's still more RV's being moved each year than there were in the past. Try getting a reservation at a popular campground, that will tell you much more about the popularity of RVing than reading about a "downturn in investment income" for a single quarter..... YMMV
__________________
John
2015 F250 6.7l 4x4
2014 Cougar X Lite 27RKS
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09-20-2018, 12:05 PM
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#7
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Site Team
Join Date: Jul 2014
Location: Modesto
Posts: 20,238
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Remember that Winnebago bought Grand Designs, and Grand Designs sales are “off the hook”, at least at our location.
__________________
2012 Copper Canyon 273FWRET being towed by a 1994 Ford F350 CC,LB,Dually diesel.
Airlift 5000 bags, Prodigy brake control, 5 gauges on the pillar.Used to tow a '97 Jayco 323RKS.
Now an RVIA registered tech. Retired from Law enforcement in 2008 after 25+ yrs.
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