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RV Industry News

Learn more about newly released RVs, accessories and outdoor products available for the RV and camping lifestyle. RV Daily Report also reviews products and accessories.

Rental dealers expect 2009 to be better than 2008

(June 25, 2009) -- A new survey of RV Rental Association members indicates RV rental companies anticipate 2009 will be better for RV rentals than 2008, despite a slow economy. Those responding to the association’s annual survey report RV rental activity will be up an average of 12 percent this year.

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Alaska campgrounds see slow start to season

(June 24, 2009) -- "Our visitation is down about 20 percent for June," said Natasha Ala, executive director of the Kenai Visitors and Cultural Center on Monday. A couple blocks away from the center, Beluga Lookout RV Park owner Jerry Dunn said business isn't booming. "It's been off to a slow start," he said.

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RV shipments steady from April to May, down 47 percent from last year

(June 26, 2009) -- "Total deliveries to retailers were reported at 13,300 units in May this year, the same total recorded one month earlier but off 46.8 percent from this same month last year," said Bernadette Murphy, director of communications for the RV Industry Association, which released the data today. "Motorhome totals were slightly better than the previous month while towables were slightly less. On a seasonally adjusted basis, this month’s total presented an annual rate of 141,000 units, an increase of 7.5 percent over last month."

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Report shows FEMA misspent millions to store, repair RVs

(June 25, 2009) -- In the summer of 2006, FEMA spent more than $7 million on two warehouses the agency said it needed to repair trailers and mobile homes used by disaster victims. One of the warehouses was paid for from federal disaster relief fund, which investigators say is not permitted. The other warehouse was paid for with proceeds from sales of travel trailers and mobile homes — also not allowed.

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Judge asked to delay sale of FEMA trailers

(June 24, 2009) -- Attorneys who are suing the federal government over claims their clients were exposed to dangerous fumes while living in FEMA trailers want to delay the sale or donation of up to 1,073 occupied trailers and mobile homes. They're seeking a delay until January 2010 at the latest so they can inspect the units. U.S. District Judge Kurt Engelhardt didn't immediately rule on that request.

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Illinois community to regulate RV parking

(June 29, 2009) -- Non-residents of Lebanon, Ill., would need to obtain a permit to park an RV within the city limits. Residents could park on the street no more than 72 hours, and would be limited to the number of recreation vehicles on a single lot.

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Conference Board says corporate directors should prepare for unsolicited takeover offers

(June 25, 2009) -- The concern particularly applies to companies with undervalued stock prices, surplus assets or constrained performance—often resulting from short-term liquidity issues—that invite bargain hunting by acquirers capable of obtaining financing or using their equity currency to pursue growth opportunities. Over the last few years, in response to pressures from proxy advisory groups and activist shareholders, some of those companies have reduced their structural takeover protections, by repealing poison pills and declassifying their boards, and may now be particularly vulnerable.

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RV Buddies launches new segment to promote RV accessories

(June 24, 2009) -- While Mark and Elise continue to walk the show, Robert disappears and discovers some cool, fun and practical accessories ideal for every RVer. In the "Where's Robert" segment, Robert stumbles upon the Hobie Kayak, CordPro cord and hose reels, and X-Treme Scooters – ECO friendly gas and battery powered scooters.

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Cummins battles insurers over $381 million in flood claims

(June 29, 2009) -- A lawsuit pending in federal court in Indianapolis states that insurers have paid $64.5 million in claims but intend to pay only $26.5 million more. The insurers argue their liability is limited because some of the facilities are in a 100-year flood plain. Cummins has itemized $180.7 million in direct flood expenses, along with business interruption losses of up to $200 million.

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U.S. personal spending rises

(June 26, 2009) -- Spending was supported by the 1.4 percent jump in personal income with a one-time increase in social security payments, an element of the Obama fiscal stimulus package, which provided a much greater-than-expected boost. Going into the report, personal income was expected to rise by only 0.3 percent. Excluding this fiscal stimulus, growth in personal disposable income would have increased only 0.2 percent. However, with the one-time hit to income, the savings rate in May jumped to 6.9 percent from 5.6 percent in April.

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Government moderates decline in gross domestic product

(June 25, 2009) -- "Minimal revisions to first-quarter GDP growth do not alter the near-term expectations for improving growth going forward," said Paul Ferley, assistant chief economist with RBC Economics Research. "This morning’s report continues to suggest that the lion’s share of that quarter’s weakness reflects a sizeable drawdown in inventories. Thus, any pick-up in demand will increasingly be satisfied by new production."

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Monaco Coach Corporation on its last breath

(June 24, 2009) -- The Oregon real estate is all that’s left after Monaco Coach sold its major assets — factories, inventory, brands and intellectual property — to Navistar International Corp. earlier this month for $47 million, and RV resort properties in California, Nevada, Florida and Michigan to assorted buyers for about $16 million. If the trustee determines he doesn’t have the cash to properly sell off the properties, they may be abandoned, and the creditors will have to foreclose to get their money.

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