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Old 02-05-2009, 07:21 PM   #15
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Quote:
Originally posted by EngineerMike:
Dan Gamel's 6 RV outlets in northern California to shutter according to Sacramento Bee article.
The Anderson (near Redding)facility in northern California is staying open..
Harold
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Old 02-06-2009, 10:48 AM   #16
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Funny thing happened to Gamel on the way to shuttering. He held the usual "sale to end all sales," I'm sure with the real expectation of closing down. However, with the blow-it-out pricing he could get from RV makers, he did so well he decided to stay in business at least for a while. That was last year, and I see he has inventory @ his Rocklin store to start the season. I'm rooting for him (and the rest of us)!!!
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Old 03-02-2009, 02:00 PM   #17
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More bad news for the RV industry. According to the Wall Street Journal:

"Recreational-vehicle maker Monaco Coach Corp. gave termination notices Monday to the vast majority of its work force -- about 2,000 employees -- and warned it may have to shut down if it can't sell itself or get additional financing."

See this link: Monaco Coach may file

The stock shares were trading at $0.06 at the end of trading today.
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Old 03-03-2009, 01:53 PM   #18
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Its getting a lot less lonely here in Orphanland.
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Old 03-04-2009, 04:56 AM   #19
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The problem is it is not just the RV industry. The RV industry has trickle-down that get manuother industruies. Just like the auto business, it trickles on down and effects many other insustries and it all comes back to the bank and lending.

The world market is driven by credit and it is a giant circle. If the chain is brokenin one place, the whole cycle stops.

But when it comes down to necessities, RVs are a luxury item for most people and luxury items are the first items to get chopped when money is tight.

Ken
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Old 03-04-2009, 10:06 AM   #20
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Monaco Coach consists of several brands that are being affected by the downturn in business, according to this statement from the company:

"Monaco Coach Corporation (NYSE: MNC), together with its subsidiaries, engages in the design, manufacture, and sale of motor coaches and towable recreational vehicles to independent dealers in the United States and Canada. The company's product line consists of motor coaches, fifth wheel trailers, travel trailers, and specialty trailers. It offers motorized and towable recreational vehicles that are equipped with a range of kitchen and bathroom appliances, audio and visual electronics, communication devices, and other amenities, including couches, dining tables, closets, and storage spaces. The company sells its products under the Monaco, Holiday Rambler, Beaver, Safari, McKenzie, R-Vision, Bison, and Roadmaster brand names. It also owns and operates two motorhome resort properties located in Las Vegas, Nevada, and Indio, California, which provides various amenities, such as golf courses, swimming pools, tennis courts, and full recreational vehicle hookups for utilities. The company sells individual lots through independent real estate agents to retail customers. In addition, it owns two additional parcels of land in La Quinta, California, and in Naples, Florida. Monaco Coach Corporation was founded in 1968 and is headquartered in Coburg, Oregon."
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Old 03-05-2009, 05:20 PM   #21
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And another one bites the dust, Monaco filed for chapter 11 today per link below.
http://biz.yahoo.com/ap/090305...oach_bankruptcy.html
BTF
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Old 03-06-2009, 07:55 PM   #22
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See -http://www.registerguard.com/csp/cms/sites/web/news/cityregion/9068821-41/story.csp
Local newspaper ...
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Old 03-06-2009, 08:48 PM   #23
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This coming week there will be a five day memorial service for the RV industry-- called the Portland RV Show. There should be plenty of parking so I thought I would drop by and check out the survivors-- assuming there will be any. It should be interesting. I wonder if they will set aside a special section for the orphans?

I want to do my part to keep even more people from losing their jobs (especially here in Oregon which not so long ago-- was the heart of the motor home industry), so I will pretend I am Ted the Third and order coaches from every dealer in attendance. I wonder if they will deliver to PA?

Norm
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Old 03-10-2009, 12:29 PM   #24
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Fleetwood files bankruptcy
http://www.bloomberg.com/apps/news?p...I_VrQ&refer=us
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Old 03-10-2009, 06:41 PM   #25
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Well let's see, in the last two weeks, IMMS, Fleetwood, Monaco, Country Coach (ordered by Judge), and Rexhall. That does not leave many Class A manufacturers. I did read Thor Industries had bad numbers, but they have no debt load, so most likely will make it. Don't know about Marathon, and Winnebago and how they are doing.

It's sad, that greed, got us into the mess we are in, greed in the housing industry, greed in the oil industry, greed in a lot of places, it should never have been in. We now all will suffer for years, while many of the greedy are laughing all the way to the bank.
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Old 03-12-2009, 01:32 AM   #26
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Monty:

You can get more industry news from http://www.rvinews.com/Default.aspx. For example there is a recent story on Marathon coping by slowing their pace. This website links back to the original story from various magazines and newspapers for further infomation.

You can also have them email you a daily synopsis of what's happening in the RV business world, with links to look deeper into any given story.

It's a wealth of info and also reports anything new within minutes.
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Old 03-12-2009, 11:09 AM   #27
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Thanks for the link.
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Old 03-12-2009, 11:16 AM   #28
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Unhappy

We just returned from Laughlin, NV, and a large Evert's RV Sales lot had a sign "Going out of Business". The lot was totally full of rigs, and there was a huge sale going on. A friend visited the lot, and told us afterwards that the salesman advised him that ALL of the rigs on the lot were bank owned, so all he had to do was make a reasonable offer, and they could start their negotiations.

So, it's not just the manufacturers who are being hurt so badly.
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