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RV
revenues
down
at
Thor
3rd
quarter
fiscal
2007
results
(to
January
28th,
2007)
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Press
Release:
Thor
Industries
(NYSE:THO)
announced
today
(February
5,
2007)
preliminary
sales
for
the
quarter
and
6
months
ended
January
31,
2007.
Sales
in
the
quarter
were
$587
million,
down
9%
from
$642
million
last
year.
RV
sales
were
$495
million,
down
14%
from
$572
million
last
year.
Excluding
estimated
hurricane
related
sales
last
year
of
$38
million,
RV
revenues
were
down
7%.
Bus
sales
were
a
record
$92
million,
up
31%
from
$70
million
last
year.
Sales
in
the
6
months
were
$1.3
billion,
down
6%
from
$1.4
billion
last
year.
RV
sales
were
$1.13
billion,
down
10%
from
$1.25
billion
last
year.
Excluding
estimated
hurricane
related
sales
of
$114
million
last
year,
RV
revenues
were
down
1%.
Bus
sales
were
a
record
$184
million,
up
23%
from
$149
million
last
year.
RV
retail
sales
in
the
quarter,
excluding
hurricane
related
sales
last
year,
were
12,864
units,
up
1%
from
last
year,
according
to
the
company’s
internal
tracking
system.
Backlog
on
January
31,
2007
was
$545
million,
down
19%
from
$672
million
last
year.
RV
backlog
was
$338
million,
down
32%
from
$498
million
last
year.
Towables
backlog
was
$238
million,
down
from
$376
million
last
year.
Motor
home
backlog
was
$100
million,
down
from
$122
million
last
year.
Bus
backlog
was
$207
million,
up
19%
from
$174
million
last
year.
Thor
is
the
world’s
largest
manufacturer
of
recreation
vehicles
and
a
major
builder
of
commercial
buses.
Latest
RVing
news
headlines
What
do
you
think?
Add
your
comments
below
...
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Readers
comments:
RV Watch
:
I agree, every Thor product, including their "flagship" product Airstream have extremely poor quality and have for many, many years. If they are having issues with the flagship, the others have got to be even worse.
Taking a look at the specs, do you see how high the warranty costs are? Seems to me like they pay the line workers based on units rolling off the line, if true, it's a classic case of do it twice at twice the price rather than do it once the right way. I am an owner of 2 Thor products and both were piles of junk. I can't single out Thor though alone, almost all the RV builders are putting crap out on the roads. It's our fault for buying these and keeping them on the same track.
John M.
:
Mary has it right. The fit and finish of Thor RVs is poor. The craftsmanship and quality just aren't there. These things cost too much to settle for shoddy workmanship.
Joe T
:
It would be nice to see the RV industry be able to be creative like the auto folks and give RV buyers low interest loans and rates to increase the purchasing of RV's. But it is a buyers market now and there are some good deals.
MaryKamper
:
If they do not start improving their finishing work inside and out, they are going to continue to loose market. It is like their customers mean that little to them.
Bruce K
:
That's 3 companies in a row with sales down - Coachmen, Fleetwood and now Thor. This would be a bad time to buy stock in an RV manufacturer. Or would it be a good time?
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