Fleetwood Enterprises Inc., the RV industry’s largest producer, will not hold a national dealer meeting this summer to introduce its model year 2002 products, because of the need to cut expenses.
The Riverside, Calif.-based company, which has been plagued with losses from its manufactured home retailing operation for several quarters, also saw its RV manufacturing operations lose money in recent months.
The company lost $239 million during the nine months ended Jan. 28 and it anticipates reporting another loss for its fourth fiscal quarter, which will end later this month.
Fleetwood lost almost $57 million from operations during the nine months ended Jan. 28. The remainder of its loss was in the form of non-cash items such as writing down the value of goodwill.
Last year, Fleetwood held its national dealer meeting in Nashville, Tenn., in August.
This year, several of Fleetwood’s RV industry peers, including Coachmen, Monaco and Winnebago, have scheduled national dealer meetings. Coachmen’s and Winnebago’s meetings will be in Las Vegas in July and August, respectively. Monaco’s meeting, including Holiday Rambler, will be in South Bend, Ind., in June.