Month: July 2022

Key US Inflation Gauge Reaches 6.8% as Prices Keep Surging

WASHINGTON — An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs, according to an Associated Press report. Friday’s government figures underscored the persistence of the inflation that is eroding Americans’ purchasing power, dimming their confidence in the ...

RVWA, RVTI to Host ‘Happy Hour’ for All-Women Tech Class

The RV Women’s Alliance (RVWA), in partnership with the RV Technical Institute (RVTI), will be hosting a “Welcome to the Industry” happy hour from 5-7 p.m., Wednesday, Aug. 3 at RVTI, 3333 Middlebury St., Elkhart. RVWA and RVTI are encouraging everyone in the industry to come and meet the women participating in the All-Female Tech Class sponsored by the two ...

Starcraft’s Super Lite Maxx Packs a Heavyweight’s Punch

EDITOR'S NOTE: The following is an excerpt of a report by Cristian Curmei for AutoEvolution.com. Read the full report here. The Maxx from this buggers name is all you need to know about what to expect from life in a Super Lite; maximum comfort and outdoor integration, well, as much as nearly $31,000  can bring you. Yes, this is the starting ...

‘Smart Axle’ Claims to ‘Turn your Half-Ton into a Super Duty’

https://www.youtube.com/watch?v=XIK1wvjnOsM&t=36s EDITOR'S NOTE: The following is an excerpt of s report by Angela White for TruckCamper.com. Read the full report here. Canadian Load Divider Dollies presents the WDT909, a smart trailer axle designed to “Turn Your Half-Ton Into A Super Duty.” That’s quite the claim, but this appears to be quite the would-be product. In February of 2008, we interviewed ...

Horizon Global Introduces Hidden Hitch Series by Draw-Tite

https://www.youtube.com/watch?v=9GFIvjhIrA8&list=PLM_DJdGkmpPD_ZwFKNt38ZsZYecxCTWUm&index=2 PLYMOUTH, Mich. – Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, announced today (July 29) the launch of its Hidden Hitch series by Draw-Tite. Hidden Hitch trailer hitches have been released for more than 20 popular vehicles across car brands, including Audi, BMW, Subaru, and Volvo, according to a release. ...

Camping World to End Primary Sponsorship of Truck Series

Marcus Lemonis called it a tough decision while confirming that Camping World will not return as the entitlement sponsor of the Truck Series next season, according to a report by Racer.com. “What really drove it for me — it’s going to sound odd to people, but I was watching the marketplace change and I was watching inflation take off, and ...

PRVCA’s Heather Leach: Hershey RV Show is ‘Looking Good’

https://www.youtube.com/watch?v=oOlXJw38-H8 America’s Largest RV Show looks to give a sneak preview of the new models while gauging consumers’ willingness to buy in a tough economy.  When the Hershey Show came around in 2021, there was a lot of cautious optimism as well as some uncertainty in the air. COVID seemed to be pulling back, but nobody knew for sure if ...

US Economy Shrinks for a 2nd Quarter, Recession Fears Rise

WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession, according to an Associated Press report. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy — followed a ...

Universal Terms Sought for Advanced Driver Assistance Systems

A coalition of the nation’s leading experts in automobiles and auto safety — AAA, Consumer Reports, J.D. Power, National Safety Council, PAVE, and SAE International — released a set of expanded and updated recommendations for universal terms for advanced driver assistance system (ADAS) features. The six overarching categories on the list are collision warning, collision intervention, driving control assistance, parking assistance, ...

Mary Kelly to Keynote RVWA’s Fall Education Symposium

Mary Kelley Renowned leadership expert, author and retired Naval Commander Mary Kelly will bring her keen insights and years of executive coaching to the keynote session at the RV Women's Alliance’s (RVWA) inaugural Education Symposium, taking place Oct. 11-12 at The Renaissance at Schaumberg in Chicago. Sponsored by Lippert, Kelly will bring her research, laughter, and experience to show professionals ...

Ford Generates $667M in Q2 Net Income, Revenue Jumps 50%

Ford Motor Co. on Wednesday (July 27) posted second-quarter net income of $667 million, up 19% from the same period a year earlier, as it managed a significant production increase after more than a year of being stymied by the ongoing global microchip shortage, according to an Automotive News report. The automaker's adjusted earnings before interest and taxes more than tripled ...

Fleetwood RV Curates List of 4 Space-Related Destinations

DECATUR, Ind. – For families looking for out-of-the-world fun, Fleetwood RV has curated a list of four destinations that deliver a space odyssey. Fleetwood RV is one of the most-established brands in the motorhome industry that’s ideal for families. The Bounder 35GL from Fleetwood RV is a new floorplan that features four distinct zones, making it feel like a “traditional” ...

German RV Demand Remains High in 2022 Amid Challenges

FRANKFURT, Germany – Demand for motor caravans and caravans remains high, but supply chain problems are putting a strain on the production and distribution of new vehicles, according to a press release from the German Caravanning Industry Association e.V. (CVID). In the first half of the year, 55,202 new leisure vehicles were registered in Germany. This represents a drop of ...

Inflation, Rate Hikes Hurting Entry-Level Boating Market

After the Federal Reserve fired its latest salvo against inflation by increasing interest rates by 0.75 percentage points yesterday (July 27), a recreation industry analyst said the low end of the boating market is beginning to suffer, according to report by the Soundings Trade Only, a trade media firm covering the marine industry. “Obviously in a tightening rate environment and ...

RVWA Spotlight: Introducing Kat Nelson of Camping World

EDITOR’S NOTE: Several times a month RVBusiness will post an “RVWA Spotlight,” which will highlight a member of the RV Women’s Alliance (RVWA) in each instance. Provided by RVWA, the member spotlight series interviews many of the women who make up the RV industry, highlighting how they got into the industry, what they currently do, and advice for other women. The series also dives deeper ...

US Economy Shrank 0.9% Last Quarter, its 2nd Straight Drop

WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession, according to an Associated Press report. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy — followed a ...

Fed Unleashes Another Big Rate Hike in Bid to Curb Inflation

WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in more than three decades to tame high inflation, according to an Associated Press report. The Fed’s move will raise its key rate, which affects many consumer and business loans, to ...

Eberspaecher Building New Production Facility In Louisville

ESSLINGEN, Germany and LOUISVILLE, Ky. – The continuing strong demand for exhaust aftertreatment systems and the proximity to the customer make an increased local presence necessary, according to a press release from Eberspaecher. A new plant at Louisville, Ky., demonstrates the relevance of the market for Purem by Eberspaecher. The launch of the serial production will be in November 2022. ...

Results Available for 2021 Survey of Lenders’ Experiences

The 2021 Survey of Lenders’ Experiences details the results of the RV Industry Association’s (RVIA) nationwide survey of financial institutions concerning their RV lending portfolios, according to an RVIA News & Insights report. The report provides an in-depth look at key data from both the wholesale and retail indirect RV lending markets and illustrates why RV loans continue to be ...

MJB Celebrates Opening of Warehouse & Distribution Center

From left: Timothy Coors, member of the board of directors and co-owner: Scott Griggs, president; Jeff Messick, executive vice president; Cliff Caudill, vice president of RV/Transportation for the company; Peter Coors, member of the board of directors and co-owner; Todd Rokita, Attorney General for the State of Indiana. A slide show is at the bottom of the posting. With several ...

Airstream Partners with REI Co-Op for Special Edition Basecamp

SEATTLE– REI Co-op and Airstream have partnered to design a Special Edition built on the Airstream Basecamp model, introducing a wide range of sustainability attributes to the travel trailer. The collaboration comes as REI is increasing its investment and solutions to support the growing customer segment pursuing vehicle-supported camping adventures. The REI Co-op Special Edition Basecamp Travel Trailer will be ...

Video: Mark Polk Offers RV Cooling Tips on ‘RVing Today’

https://www.youtube.com/watch?v=zaLy3ehe_bU&t=1s In this episode of "RVing Today," the longtime RV lifestyle television program, Mark Polk from RV Education 101 explains various simple ways to keep your RV cooler during the warm summer season. Also, Michelle Fontaine visits the Spyglass Ridge Winery in Sunbury, Pa. Later, Kate Dunbar, the Campground Gourmet, gives us another look at how to whip up a ...

Patrick Industries Q2 Report: Net Sales Jump 45% to $1.5 Billion

ELKHART, Ind. – Patrick Industries Inc. (NASDAQ: PATK), a leading component solutions provider for the leisure lifestyle and housing markets today (July 28) reported financial results for the second quarter ended June 26. Second Quarter 2022 Highlights (compared to Second Quarter 2021 unless otherwise noted) Net sales of $1.5 billion increased 45%, reflecting contributions from all end markets and from ...

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