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Marcus Sees Higher Interest Rates

Economist Morton Marcus, a frequent advisor to the RV industry, believes the Federal Reserve will raise interest rates again, no matter who is elected president. Marcus, director of Indiana University’s Business Research Center, said the Fed will raise rates again...

Nasdaq Rebounds, Most RV Shares Climb

A bottom-feeding frenzy led to a sharp increase in the Nasdaq composite and the Dow Jones Industrial Average continued on the upswing Tuesday. Meanwhile, most RV company stocks also climbed, including National RV, which gained 9/16, or 6%, to close at 9 3/8, despite...

National RV 3Q Earnings Down 70%

National RV Holdings Inc. reported its third quarter earnings were down 70% due, in part, to its sales revenue being down 20% during the period. The Perris, Calif.-based company earned $2.7 million during the three months ended Sept. 30 on sales of $86.7 million. In...

Featherlite Reports $637,000 Loss

Specialty aluminum trailer and bus conversion motorhome builder Featherlite Inc. reported it lost $637,000 during the third quarter. The company’s loss during the July-through-September period compares with a profit of $1 million earned during the third quarter of...

Dow Soars, Nasdaq Falls, RV Stocks Mixed

The Dow Jones Industrial Average gained 245 points, or 2.3%, Monday to reach a four-week high as investors continued pouting money into blue chip stocks. Meanwhile, the Nasdaq composite fell 87 points, or 2.7%, Monday as investors continued to worry about the profit...

Cruise America Re-Acquired by Smalleys

Budget Group Inc.’s sale of RV rental firm Cruise America to an investment group including two of Cruise America’s founders was completed Thursday (Oct. 26). Car and truck rental firm Budget sold 80.1% of Cruise America to an investment group including Randall Smalley...

Dow Soars, RV Stocks Mostly Lower

The Dow Jones Industrial Average climbed sharply Friday on the news that economic growth slowed dramatically during the third quarter. Meanwhile, RV stocks were mostly lower and the Nasdaq composite was up marginally. The Dow gained 211 points, or 2%, as investors...

Economy Cools in Third Quarter

The U.S. economy cooled to a 2.7% annual growth rate during the third quarter, its slowest pace in 18 months, according to the Commerce Department. In comparison, the economy grew at a 5.6% annual rate during the second quarter; a rate at which the vast majority of...