> SUBSCRIBE FOR FREE! 

Despite reporting a net loss for the third quarter, National RV Holdings Inc. reports it shipped more gasoline engine-powered Class A motorhomes to dealers in the July-through-September period than it did in the same period a year earlier.
The parent of National RV Inc. and Country Coach Inc. shipped 232 gas Class A’s during the three months ended Sept. 30, a 6% increase over the 218 units it delivered to its dealers in the same period a year earlier.
However, the Perris, Calif.-based company’s diesel engine Class A motorhome shipments declined 11% in the July-through-September period to 211 units, compared with 237 units delivered a year earlier.
National RV Holdings’ shipments of towable RVs increased 5% in the third quarter to 383 units, from 366 a year earlier.
However, the company’s towables sales revenue declined 4% in the third quarter because it shipped more lower-priced models.
National RV Holdings’ total sales revenue increased 8% in the third quarter to $72.4 million, which included a 1% increase in Country Coach sales and a 17% increase in National RV-brand motorhome sales revenue.
A breakdown of Country Coach- and National RV-brand sales revenue was not provided.
During the first nine months of this year, National RV Holdings’ total sales revenue climbed 14% higher to $239.2 million. Country Coach-brand motorhome sales revenue increased 3%, National RV-brand motorhome sales soared 28% higher and National RV towables sales revenue increased 13% in the first nine of 2002.
National RV Holdings reported a net loss of $9.8 million for the third quarter and a net loss of $14.5 million for the first nine months of the year.
Stock market investors, possibly believing the worst is over for National RV Holdings, bid the company’s stock up 27 cents in New York Stock Exchange trading today (Oct. 22). National RV Holdings’ stock closed today at $5.85 a share.