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Spring
selling
season
"softer
than
expected"
Reducing
travel
trailer
manufacturing
capacity
4th
quarter
fiscal
2007
preliminary
results
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Fleetwood
announced
on
May
3,
2007,
preliminary
sales
for
its
fourth
quarter
and
fiscal
year
ended
April
29,
2007
You
can
read
the
full
press
release
here,
but
the
following
are
some
key
aspects,
particularly
about
their
RV
business:
- Sales
for
the
2007
fiscal
fourth
quarter
were
approximately
$505
million,
down
16
percent
from
$603
million
last
year
-
On
a
segment
basis,
quarterly
sales
for
the
RV
Group
declined
12
percent
to
$379
million
- The
12
percent
decline
in
the
fourth
quarter
recreational
vehicle
sales
reflects
difficult
market
conditions
that
particularly
impacted
both
travel
trailers
and
folding
trailers.
Travel
trailer
revenues
fell
49
percent
to
$81
million,
or
by
35
percent
excluding
last
year's
FEMA
sales
of
$33
million.
Folding
trailer
revenues
were
down
by
13
percent
to
$20
million.
Backlogs
for
both
towable
divisions
continue
to
be
down
significantly
from
last
year
-
Motor
home
revenues
increased
by
12
percent
to
$278
million
and
backlogs
for
this
division
are
currently
35
percent
higher
than
at
this
time
last
year
- "The
beginning
of
the
spring
selling
season
in
the
RV
industry
has
been
softer
than
we
had
expected,"
said
Elden
Smith,
Fleetwood's
president
and
chief
executive
officer
-
"We
have
taken
additional
steps
to
reduce
our
travel
trailer
manufacturing
capacity"
-
see
details
here
-
"We
continue
to
work
toward
consistent
profitability,
although
the
headwinds
in
both
of
our
industries
during
the
past
two
years
have
caused
some
delays
in
realizing
our
goals.
While
the
first
quarter
will
still
be
impacted
by
some
of
these
factors,
particularly
in
the
travel
trailer
division,
we
expect
the
Company
to
report
year-over-year
improvement
in
revenues
and
operating
results."
Latest
RVing
news
headlines
What
do
you
think?
Add
your
comments
below
...
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Readers
comments:
HappyFleetwoodOwner
:
I can only speak of my trailer. I am a proud owner of a Fleetwood Wilderness Weekender. 180ck , Bult in Linsy Ontario. I am empressed with th fit & finish of my trailer, I got it at the 2006 spring trailer show in Toronto. (A show specal) And i wasn't even looking for one!.... The price got me. I have had it for only 1 year and love it. Even got my wife into trailering because of it. If Fleetwood could build more like mine & sell it at the price i got it for. (or even a bit more) I bet sales would go up. The linsy plant could buld these. I live in toronto and i know that the people of Linsy always get the dirty end of the stick when it comes to jobs. If Fleetwood could get more people into a enco trailer like mine i think sales would in fact go up. the Linsy plant could buld these. Or thay could make parts to ship to the other plants. When i go camping people always ask me about my 180ck Wilderness thay like it because of its size and they're able to tow it with a 1/2 ton truck. I know for a fact that I have sold at least 3 Fleetwood trailers, (and im not even a trailer salesman) just happy to make new frends. a Happy but sadend Fleetwood owner. P.S. The Gas prices also "DON'T" help. $1.07 a liter here in Ontario. Liter is a Lot smaller than a gallon.
Ken
:
I think their drop in towable sales is partially due to the lack of a high quality 5th wheel. If their Triumph and Pride were supposed to be the replacements for the Avion, they evidently were a poor substitute...since they are also gone! Maybe it's time to bring back the Avion!!
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See
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