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RVs Up Nearly 10% In First Half Of 2014

July 28, 2014 by · Comments Off on RVs Up Nearly 10% In First Half Of 2014 

Total wholesale shipments of all RVs in June this year were reported at 32,809 units, according to the Recreation Vehicle Industry Association (RVIA) survey of manufacturers, an increase of 6.2% compared to this same month one year earlier.

Towable RVs increased 6.5% on shipments of 29,184 units while motorhome shipments were ahead by 3.7% on 3,625 units shipped to dealers in the month of June.  Seasonally adjusted, June’s total represented an annualized rate of nearly 325,000 units, slightly less than the previous month.

Through the first six months this year shipments of all RVs have now risen to 192,065 units, ahead of last year’s performance by 9.8% and at a seasonally adjusted annualized rate of more than 350,000 units.  Through June, towable RVs accounted for 87.8% of all RVs shipped while motorhomes represented 12.2%.

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July Shipments Rise 15%; Motorized Up 46%!

August 28, 2013 by · Comments Off on July Shipments Rise 15%; Motorized Up 46%! 

Wholesale shipments of all RVs continued at a torrid pace in July where manufacturers reported a total of 26,212 units for the month, an increase of 14.7% ahead of the same month one year ago, the Recreaiton Vehicle Industry Association (RVIA) has reported.

Conventional and fifth-wheel travel trailers and Class A and Class C motorhomes grew the most with truck campers and Class B motorhomes off slightly.

On a seasonally adjusted basis, wholesale shipments in July were at an annualized rate of more than 339,000 units, nearly 12% greater than the previous month and ahead of this same month last year by more than 14%. Through July, manufacturers have reported a total of 201,120 units shipped to retailers, up 13.1% over this same period last year.

See the complete report below.

RVIA June Shipments Up 12.1%, YTD Up 12.8%

July 26, 2013 by · Comments Off on RVIA June Shipments Up 12.1%, YTD Up 12.8% 

Through the midway point of 2013, RV wholesale shipments tracked by the Recreation Vehicle Industry Association (RVIA) have climbed to 174,871 units, 12.8% higher than the same point last year, the RVIA has reported.

Motorhome shipments have jumped by 33%, rising from 19,425 units this year versus 14,576 units last year. Towable shipments have grown from 140,412 units to 155,446 units, a gain of 10.7%.

Total monthly wholesale shipments to retailers of all RVs were reported at 30,856 units in the June survey of manufacturers, an increase of 12.1% compared to this same month last year. This marked the 18th consecutive monthly total that was ahead of the same month one year earlier.

Towable RVs increased 8.7% on shipments of 27,409 units, while motorhome shipments were ahead by 48.2% on 3,447 units shipped to dealers in June. Seasonally adjusted, June’s total represented an annualized rate of 302,700 units.

The full shipment data appears below:

Report: Thor, Winnebago Outperform Industry

April 29, 2013 by · Comments Off on Report: Thor, Winnebago Outperform Industry 

Editor’s Note: Robert W. Baird & Co. issued a client newsletter after last week’s release by the Recreation Vehicle Industry Association (RVIA) of its March wholesale RV shipments report. Portions of the Baird newsletter follow.

March RV shipments up 3%. Wholesale shipments improved 3% in March, led by strong growth in motorhomes. Motorhome (Class A and C) shipments jumped 12.5% while towable (travel trailer and fifth-wheel) shipments increased 2.7%. The growth pushed March shipments to their highest levels since prior to the recession. Year-to-date, Class A and C shipments were up 25%, while travel trailer and fifth-wheel shipments were up 11%.

Towable (TT and 5W) shipments up 3%. Shipments improved 3% in the main towable categories. Travel trailer shipments increased 5%, while fifth-wheel shipments declined 3% during the month. Through March, the main towable categories were up 11% in 2013, with travel trailer shipments up 13% and fifth-wheel shipments up 4%.

Motorhome (A and C) shipments up 12.5%. Motorhome (A and C) shipments improved 12.5% in March. Class A and Class C shipments both increased 12.5% during the month. Comparisons remain relatively easy through June, before becoming more difficult during the second half of the year. So far in 2013, motorhome shipments are up 25%, with Class A shipments up 21% and Class C shipments up 30%.

Thor. March marks the second month of Thor’s fiscal Q3. We stress that shipment data for specific manufacturers is not available, so comparing Thor estimate to industry data requires certain assumptions regarding market share and shipments for the remainder of the quarter. Nonetheless, we project Thor towable shipments will increase 10% in the April quarter, which is ahead of the 3% industry shipment pace for two months of Thor’s quarter — suggesting Thor needs a combination of a strong April or share gains to achieve our estimate. We model Thor motorhome shipments up 50% versus the 22% industry pace.

Winnebago. March marks the first month of Winnebago’s fiscal Q3. Again, RVIA shipment data may differ from Winnebago data due to a number of factors. Still, we project Winnebago motorhome shipments will increase 33%, ahead of the 12.5% industry pace for the first month of Winnebegao’s quarter — but it is early.

RVIA: Shipments Up 11% During First Quarter

April 26, 2013 by · Comments Off on RVIA: Shipments Up 11% During First Quarter 

March shipments of all RVs were reported at 28,923 units, a gain of 2.8% over this month one year earlier, the Recreation Vehicle Industry Association (RVIA) has reported.

Shipments were 10.7% greater than last month and were the best March total in five years. First quarter total shipments climbed to 79,422 units, 11.2% ahead of this same period last year. Towable shipments, and in particular conventional travel trailers, provided a greater number of units while motorhomes have recorded the greater percentage increase so far this year.

RVIA: Shipments Up 6% for February

March 25, 2013 by · Comments Off on RVIA: Shipments Up 6% for February 

RV wholesale shipments to retailers continued to rise in February this year, growing 7% above last month and were 6% ahead of this same month last year on shipments of 26,120 units, the Recreation Vehicle Industry Association (RVIA) reported.

This was the best February total since 2008 with nearly all vehicle categories participating in the improvement. February’s shipments pushed the year to date total to 50,499 units, a 16.6% gain over the first two months last year.

On a seasonally adjusted basis, February shipments were at an annual rate of more than 300,000 units. Year-to-date, the seasonal rate represented more than 320,000 units annualized.

Investor Recaps This Week’s Good RV News

February 28, 2013 by · Comments Off on Investor Recaps This Week’s Good RV News 

Editor’s Note: The investment firm of Robert W. Baird & Co. issued a client newsletter after this week’s release of the January wholesale RV shipments from the Recreation Vehicle Industry Association (RVIA). Excerpts from the Baird newsletter follow:

January RV shipments up 31%. Wholesale shipments improved 31% on robust growth in all categories. Motorhome (Class A and C)shipments jumped 34%, while towable (travel trailer and fifth-wheel) shipments increased 31% in January. The growth is driven by better retail, lean inventory and strong dealer sentiment. The January shipment growth is a robust start to 2013 after solid growth in 2012 — both motorhome (Class A and C) and towable (TT and 5W) shipments grew 14% in 2012.

Towable (TT and 5W) shipments up 31%. Travel trailer shipments grew 35%, while fifth-wheel shipments increased 19%. The strong January result marks the 17th consecutive month of YOY growth.

Motorhome (A and C) shipments grew 34%. Robust motorhome growth continued as Class A shipments grew 31% while Class C shipments jumped 39%. The strong growth in recent months has been off relatively easy comparisons, which generally persist through the first half of 2012.

Thor. The data is less relevant for Thor, which already reported preliminary revenue and backlog for the January quarter — towable revenue grew 18%, while motorhome sales soared 100%. We model Thor’s towable unit shipment growth at +16% for the quarter and motorhome unit shipment growth at +92%.

Winnebago. January marks the second month of Winnebago’s fiscal Q2. The Dec.-Jan. industry growth in motorhomes (Class A & C; +38%) is roughly consistent with our +45% expectation for Winnebago shipments. We model Winnebago towable shipment growth of +3% for the February quarter (versus the quarter-to-date industry growth of 20%).

 

RVIA: RV Shipments Surged 30.5% in January

February 26, 2013 by · Comments Off on RVIA: RV Shipments Surged 30.5% in January 

Wholesale shipments of all RVs surged ahead in RVIA’s January 2013 survey of manufacturers, rising to 24,379 units, the Recreation Vehicle Industry Association (RVIA) reported.

This increase was 30.5% greater than the total shipped during this same month last year. While the gain was greatest for conventional travel trailer shipments, all vehicle categories participated in the gains this month.

Seasonally adjusted, January’s total was measured at annualized rate of more than 340,000 units, 12.2% better than the rate recorded in December 2012 and more than 30% better than the annualized rate recorded in January, one year ago. Conventional travel trailers, Class A and Class C motorhomes reported shipments more than 30% greater than in January 2012.

The entire shipments report follows:

Baird: Robust Growth Drove RV Shipments

January 29, 2013 by · Comments Off on Baird: Robust Growth Drove RV Shipments 

Editor’s Note: Robert W. Baird & Co. issued a client newsletter following the recent release of year-end wholesale RV shipments by the Recreation Vehicle Industry Association (RVIA). Excerpts from the Baird newsletter follow:

December RV shipments up 12%. Wholesale shipments improved 12% on strong growth in all categories. Key categories drove the robust growth, with motorhome shipments (Class A and C) growing 43% and towable (travel trailer and fifth-wheel) shipments increasing 9% in the month. The growth is driven by better retail, lean inventory and strong dealer sentiment. Both motorhome (Class A and C) and towable (travel trailer and fifth-wheel) shipments grew 14% in 2012.

Towable (travel trailer and fifth-wheel) shipments up 9%. Travel trailer shipments grew 10%, while fifth-wheel shipments increased 6%. The key towable categories sustained positive growth in each month of 2012, with annual shipments finishing up 14% versus 2011.

Motorhome (A and C) shipments grew 43%. Robust motorhome growth continued for the sixth consecutive month as Class A shipments grew 37%, while Class C shipments jumped 53%. Strong shipment growth in the second half of the year (off easier comparisons) drove annual shipments up 14% versus 2011.

Thor. December marks the second month of Thor’s fiscal Q2. Manufacturer-specific data is not available on a monthly basis, but we model Thor’s towable shipment growth at +15% for the quarter, comparable to the +15% industry growth reported for Nov.-Dec. Industry motorhome shipments in Nov.-Dec. grew 56% vs. our +120% full-quarter estimate for Thor motorhome shipments. Net, the industry data support our Thor outlook so far.

Winnebago. December marks the first month of Winnebago’s fiscal Q2. The December industry growth in motorhomes (Class A & C; +43%) is comparable to our +45% expectation for Winnebago shipments. We model Winnebago towable shipment growth of +3% for the February quarter (versus the December industry growth of +9%). Net, the industry data support our Winnebago outlook so far.

 

RV Shipments up 11.6% in Dec., 13.2% for ’12

January 28, 2013 by · Comments Off on RV Shipments up 11.6% in Dec., 13.2% for ’12 

Total RV shipments to retailers for all of 2012 increased to 285,749 units, a gain of 13.2% over the 2011 total.

Towable RVs shipments alone rose to 257,551 units in 2012, a 13.2% increase over the 2011 total and more than all RV shipments last year. Motorhome totals in 2012 climbed to 28,198 units, a gain of 13.6% over the prior year and their best year since 2008.

Monthly RV shipments to retailers were reported at 18,960 units in the December 2012 survey of manufacturers, an increase of 11.6% over this same month one year ago. Shipments of both towable and motorhome categories were greater in December with towables ahead by the largest unit increases, while motorhomes were ahead by the largest percentage gains. On a seasonally adjusted basis, December shipments were at an annualized rate of over 307,000 units, less than the November rate but the best December pace since 2007.

A detailed look at the full year follows below:

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