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The number of motorhomes that Fleetwood Enterprises Inc. sold to its dealers during the three months ended Jan. 27 increased 13.5% to 1,987 units, the company reported today (Feb. 28).
Meanwhile, Fleetwood also reported that the number of travel trailers and fifth-wheels purchased by its dealers declined 11% during the November-through-January period to 5,268 units and its folding camper sales were down 6% to 4,225 units during the period.
The increase during Fleetwood’s third fiscal quarter represents a turnaround for its motorhome operations. This is reflected in the fact that during the nine months ended Jan. 27, the number of motorhomes that Fleetwood sold to its dealers was down 6.5% to 5,719 units.
And Fleetwood’s other RV operations also struggled. The number of travel trailers and fifth-wheels bought by its dealers plunged 23% during the nine months ended Jan. 27 to 19,342 units and the number folding campers purchased by Fleetwood’s dealers during the same period declined 11% to 12,981 units.
The increase in the number of motorhomes purchased by Fleetwood’s dealers helps explain why the company’s motorhome operations earned $5.6 million during the November-through-January period.
However, that profit was more than offset by operating losses at Fleetwood’s travel trailer/fifth-wheel business. As a result, Fleetwood’s RV Group posted a $9.2 million operating loss for the three months ended Jan. 27, and an operating loss of $36 million for the nine months ended Jan. 27.