Closely held towable RV manufacturer Keystone RV Co. reports its sales revenue during the first six months of this year increased 71% to a record $188.6 million.
“Our managers’ attention to quality and their focus on developing the products that retail customers want to purchase has driven Keystone’s phenomenal sales growth,” said Cole Davis, president and CEO. “Because our products are moving so quickly, Keystone’s dealers are increasing their orders, then restocking immediately as they sell.”
Keystone now is the market share leader in fifth-wheels, Davis added.
According to Statistical Surveys Inc. data for the first four months of this year, the most current data available, Keystone was the retail market share leader with 16.5% of the fifth-wheel market.
Keystone’s dealers sold 2,577 fifth-wheels to retail buyers during the first four months of this year, up 76% from the 1,461 units sold during the first four months of 2000.
In the travel trailer market, Keystone ranked fourth with a 9% retail market share during the first four months of this year. Its dealers sold 2,556 travel trailers during the first four months of this year, up 17% from 2,184 units sold a year earlier.
Meanwhile, the entire retail market for fifth-wheels shrunk 8% during the first four months of this year to 15,582 units, and the retail market for travel trailers declined 10.5% to 28,353 units, according to Statistical Surveys.
Because of the company’s strong order backlog, Davis said Keystone will expand its factories during the second half of this year “to accommodate increased production.”
Keystone’s production plants are located in Goshen and Elkhart, Ind., and Pendleton, Ore.