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Gas-engine Class A motorhome shipments by National RV Holdings Inc. declined by 34% during the three months ended Dec. 31 while its diesel-engine Class A deliveries declined a relatively modest 2% during the October-through-December period, the company reported on Tuesday (March 11).
There were 193 gas Class A’s shipped by National RV to its dealers during the fourth quarter of 2002, compared with 294 delivered in the same period of 2001.
Meanwhile, there were 209 National RV and Country Coach diesel-engine Class A’s shipped to dealers during the three months ended Dec. 31, compared with 214 units delivered during the same period a year earlier.
National RV’s towable RV deliveries also declined 16% during the October-through-December period to 343 units, compared with 410 units shipped a year earlier.
In dollar terms, revenue from the sales of Country Coach-brand diesel motorhomes grew by 8% during the fourth quarter of 2002, but revenue from the sale of National RV-brand gas and diesel coaches declined by 12% in the period.
Revenue from the sale of National RV-brand towables declined by 18% during the October-through-December period.
However, for all of 2002, sales revenue from National RV-brand motorhomes increased 17%, National RV-brand towable sales revenue increased 4% and Country Coach-brand motorhome sales revenue also increased 4%.
National RV’s finished-goods inventory increased by $2.4 million during the fourth quarter of last year despite low production rates at the company’s manufacturing complex in Perris, Calif. However, National RV’s finished-goods inventory was expected to become smaller during the first quarter of this year as more of its dealers were accepting deliveries prior to retail shows in their territories, according to the company.